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History Lessons - Amazon 💡95% Crash for AMAZON back in the Year 2000, during the so called 'Dot Com Bubble'. The Price of AMAZON had dropped from 112$ to 5.45$ a share. 💡Well, the price of AMAZON is 2156$ today while it had an All Time High of 3780$ at the end last year. Let's talk about the Dot Com Bubble now: 💡Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in the 1940s, transistor electronics in the 1950s, computer time-sharing in the 1960s, and home computers and biotechnology in the 1980s. Wikipedia The dot-com bubble, also known as the dot-com boom, the tech bubble, and the Internet bubble, was a stock market bubble caused by excessive speculation of Internet-related companies in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon.com, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value. 💡Now Let's talk Crypto: History repeats itself. In our opinion, some crypto projects will vanish but even fireworks can allow huge profits, given that you can take profits on time. Some other projects will stay and they have the potential to be the 'AMAZONs' of the future. Our task is to find them. in the meantime we are NOT going to the moon (Luna) since it dropped to the ground of Earth (Terra). 💡Time for a Forest Gump Quote: “My mom always said life was like a box of chocolates. You never know what you're gonna get.” 🍫 Forrest Gump And Lieutenant Dan's got some Apple back then 🍏 One Love Forest, the FXPROFESSOR ps. in reality, selecting the right crypto is not just luck, it's mainly research. Do your own research (I, personally believe in Bitcoin, Fantom, Cardano, AFFYN and PulseX)
NASDAQ:AMZN
by FX_Professor
5
ETH/BTC - Long Term Top Ethereum's ratio to Bitcoin has been consolidating for nearly 13 months (left). In 2018, Stellar Lumens (right) consolidated against Bitcoin for roughly 11 months before dropping off a cliff. Will the same happen to ETH here? It will need to maintain the uptrend, held since 2016. Any larger decline from here will result in a breakdown from this channel, which I think has pretty terrible implications for the 2nd largest cryptocurrency. A break ABOVE the channel would likely invalidate this bearish idea in the short term, and could result in a new all-time high for the ratio. Not sure this is likely. I believe ETH's value has been inflated by the NFT and DeFi bubbles, as seen by the immense premium speculators are willing to pay just to transfer tokens on the network (high fees). DeFi is really starting to look less and less appealing, as scandal after scandal has started to make waves across the cryptocurrency space, in an atmosphere that has already been quite negative. Right now, market participants are fleeing collapsing altcoins in favor of ETH, as can be seen by its increase on the ratio during market turmoil. But I think it's possible this does not last. XLM/BTC moved up momentarily right before Bitcoin collapsed in late 2018. What more does ETH have going for it, aside from the merge, which is still a ways away? Still many have their coins locked away for staking, even as APY comes down on many platforms. I think people will be less and less willing to hold ETH, and that this period of consolidation will turn out to be distribution, leading to a precipitous decline. Ethereum has so far been unable to touch the previous all-time high against Bitcoin. If it breaks down before succeeding to do so, this would suggest that ETH is actually in a long term downtrend against Bitcoin (like most alts), and would have a hard time recovering on the ratio. Many altcoins are in freefall against Bitcoin and ETH, yet Bitcoin dominance remains stable just below the 50 week MA. If dominance breaks the 50 week, I think we can see the end of distribution for ETH. On the upside, we would need to see the ratio head above 0.088 and sustain to consider a new all-time high. If this occurs, the entire market may also want to make a new all-time high. Since I think this is unlikely in the near-term, it also follows that I think a new ATH for ETH is also unlikely. Let's see what happens! This is not meant as financial advice - this is meant for speculation and entertainment only. -Victor Cobra
Short
by VictorCobra
3
BITCOIN: Bearish Pin Bar Signal$BITCOIN ($BTCUSD) – Cash: The Bearish Pin Bar Signal triggered (WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS). Price Action: Price moved lower from the recent Bearish Pin Bar Signal that had formed earlier this week (We suggested trading this signal in the May 11th, members' daily newsletter). Price significantly moved lower from the prior Multiple Inside Bar Pattern that had formed just above the 37559 prior short-term support level (Which is now a Key resistance level and an Event Area) over a week ago (We suggested trading this pattern in the April 29th, members daily newsletter). Price moved lower from the prior Bearish Pin Bar Signal (Event Zone) that had formed just under the 42608 short-term resistance over two weeks ago (We suggested trading this signal in the April 24th, weekly newsletter and hopefully some traders got on board). Potential Trade Idea 1: For more aggressive traders, we are considering selling on a retracement higher whilst price remains below the recent Bearish Pin Bar Signal. Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains below the 37559 key resistance level and the recent Multiple Inside Bar Breakdown Pattern (Event Area).
COINBASE:BTCUSDShort
by UnknownUnicorn393254
Deeper Network DPR on Live SupportDeeper Network is now official on a death spiral knocking out each group of project investors. Is there anyone who works in Deeper Network who is able to save this project or is this a Pump and Dump Project the the Telegram Deeper Network Mod told us about as he maybe dumping his own mining wallet if that is his from the United Kingdom. This is an example of poor planning on the part of Deeper Network as well as them saying on the AMAs that they do not care about the coin price................... Now to the good news all of the miners will likely be in a tax deficit for the 2022 Tax years because they can not even pay for there dedicated high speed Fiber Optic lines now that they installed specifically to help the project out with speed. Even though the market is down there are still crypto projects out there in the positive for the year if you look at cryptobubbles.net so this is not an excuse but a sign of poor management on there part and of a high internal employee turn over in the high ranks. As each investor tear gets broken now i can only site back and laugh and cry as my investment is getting blown up for the next year or so thru the bear market and the recession that is making it way............................ Then END!!!!!!!! Websites: www.deeper.network (DPR Main Equipment Website) dpr.deeper.network (Mining Rewards after Staking) www.deeperscan.io (DPR Wallet Lookup) apps.deeper.network (DPR Crypto Polkadot Parachain Governance System, New Wallet, Smart Contracts Upload, Miner Wallet Info) www.youtube.com (DPR Videos) www.fbi.gov (FBI VPN Video) parachains.info (DPR Polkadot Parachain) Crypto Whale Information: See the Whale news on my channel for there wallet info as you can track your self who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now) Crypto Blockchain Community Governance - Currently being controlled directly by Deeper Network not by the Community thru a back door in the program (Verified on AMA) 7 Validator Nodes – 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU Burn Wallet – There has not been a routine burn setup yet promised by Deeper to fight inflation. Polkadot Parachain for Deeper Chain – is not at the moment yet (Verified by Polkadot Support) Warning: Possible Token Crash Starting in September 2022 thru the next 8 months Company Info: Deeper Network of the Marshal Islands (no office location there currently) Crypto Currency Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/VPN/DPN EIN Tax ID# 841835438 Location Of Head Quartiers Office: The main temp office rental location no longer exists that is advertised and on Entity Documents, supposedly working remotely from home and out of a shipping warehouse since the past year or longer unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Location of their servers where data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown. (A Few people have come and gone from the head ranks, not sure if currently accurate) Chief Executive Officer: Hui (Russell) Liu; San Jose, California Chief Technology Officer: Hui Liu/Chao Ma Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada Corporate Officer: Adam Wolfe Lei Chang; Saratoga, California Chief Marketing Officer: Eric Ma (Thailand) Chief Branding Officer: Yinan S. Software Developer: Arturo Jimenez Product manager: Kain Xu
Short
by C-J_
SCENARIO 2 FOR A POLKADOT BOTTOMPls visit our last Polkadot analysis for better context. As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction. Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat correction for wave 2, comprising of a large ABC correction with the C wave being a 5 way impulse move marking a 100% retracement of our Wave AB and aligns perfectly with the downward trend channel price seems to have created. Make sure to apply proper risk management. Goodluck
by RektMyMom
#Bitcoin Head & Shoulders OverviewThe Head & Shoulders Pattern signifies a change of trend from Bullish to Bearish. The Left Shoulder is the initial push by speculators. The Head is the major push by speculators. The Right Shoulder shows us the speculators have now failed to push the price higher then the Left Shoulder once more, a sign of weakness. Confirmation is followed by a breakdown of the Trendline which can occur Diagonally or Horizontally. There is no guarantee the price will break down from the trendline if it does visit that area, the breakouts success is usually dependent on other factors outside of the price directly, so manage your risk. Unless the buyers get the price back above the previous shoulder resistance area, we can assume that lower prices (at least the trendline of the Head & Shoulders) are likely. ---------------------------------------------------------------------------------------- When trading patterns it is best to keep it simple... Keep your eye on the prize and keep your price chart simple to keep your mind clear from distractions, understanding the reaction of price within the pattern structure itself. Notice how the pattern looks "Ugly" and "Not Right" on the Daily chart (Bottom Example) but on the Weekly (Top Example) the pattern does look quite normal, which is worrying for #BTC right now. ---------------------------------------------------------------------------------------- How do we know we are completely wrong? We will know the sellers have failed (at least in the short term) if the buyers succeed in getting the price above the previous Support Area (marked in Transparent Blue, below image). Thanks for reading! Refer to my profile and other information linked below for further educational content.
by Worth_The_Ri5k
2
Did we just bearishly flag on Bitcoin ?If we just saw a major bearflag in bitcoin, and this measured move plays out, the world will turn into a crazy bitcoin is worth 12k place... 88% retraces in bear markets are nothing out of the order for bitcoin, and both the .886 and the measured move point to 12k, and looking left, you couldn't even say, that 12k doesn't make sense, that was the one big resistance, BTC topped out there once in 2020 before we went berserk in crypto space. Let's hope TA is wrong here :D
COINBASE:BTCUSDShort
by 10xTrading
2
CARDANO BREAKDOWN! CRASH INCOMING?!Hey everyone Today i show you my ADA Daily Chart Analysis that shows all important Price levels. ADA broke down the biggest support at 0.98$-1.03$ and i expect a big correction after this retest is successfully done. Where does the correction stop? - I think at 0.40$ area ADA will get strong support finally and we shouldnt fall below it Are there trade options for that correction? - Yes you can short ADA from 0.98$-1.03$ with dollar cost average and a stop loss above 1.03$ I hope you guys like this idea.
Short
by MM_TRADEZ
15
HOW LOW CAN CARDANO GOThe favourite coin of majority in the crypto space looks to be having a hard time. Here is What you need to know for a reversal to take place. We either have a Running flat correction or a Expanded Flat correction in play. Depending on which fib level we get that reversal, it's uncertain to say where the bottom is for now. However, we know that if price fails to get a bounce here, we have the 123.6 fib region next to find support, and if that fails we have the 161.8 fib support to get a reversal next. Worst case scenario is the 1.618 fib support. Pls like and share your thoughts in the comments section. Check out similar ideas below.
KRAKEN:ADAUSD
by RektMyMom
DASH-Crash: Is it Over Yet?! May be Getting Close!Dash (DASHUSD) broke its 102.175 support, which invalidates the previous bullish ORANGE pattern. This is significant because it confirms that the larger 2nd-degree correction that started after the May 2021 has NOT yet completed. Primary RED Pattern The RED pattern can take DASH all the way down to 61 before seeing a bounce back up. This sees the entire rally from mid-2021 thru September 2021 as nothing more than a big fake-out B-wave rally. This is a bit unusual among cryptos because most others hit higher-highs in November in what looks like a more complete classic B-wave. While there is a chance we've had a truncation of the subwave-c within the larger B-wave, this may also be an indication that DASH gave us the earliest warning of the impending crash across the whole crypto space! Alt GREEN Pattern There is a chance that the correction may be over or close to over already, which is the GREEN alt pattern. We'd need to see a sharp 5-wave rally for that pattern to gain traction. If we really are done with the pullback, the target for subwave-(i) would fall between 175 and 325 based on the standard 0.382-0.618 first subwave extension we typically see after a larger completed impulse. Check out my YouTube explainer video on DASH! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #dash #bitcoin #ethereum #blockchain #litecoin
KRAKEN:DASHUSD
by Critique-al-Thinker
Litecoin: Two Paths Lower to Complete the CorrectionLitecoin (LTCUSD) invalidated its original bullish count up once the 106-level broke. The now-primary RED pattern calls for a correction down to around 76, which means the bottom should not be too much farther down. Primary RED Pattern (lower-low): Litecoin is in its final C-wave down to complete the larger-degree 4th wave correction that began after the May 2021 peak. This means that the entire rally from the mid-summer bottom to November was actually a fake-out B-wave rally. Assuming A=C equivalence, the bottom projects around 76, which also has strong confluence as the 61.8% retrace of the larger-degree impulsive pattern. Alt GREEN Pattern (big rally coming soon): There is a chance that the correction is over due to the depth, sharpness and internal wave structure of Litecoin as well as other altcoins. For this pattern to gain traction, we'd need to see a strong 5-wave impulse rally upwards followed by a 3-wave correction (higher-low). If that is seen, I would immediately become a buyer again! Such a pattern would project to at least 281 for the 1st wave alone. Alt PURPLE Pattern (much lower-low): Unfortunately, this is a higher-probability than I would like to admit. As Bitcoin and Ethereum both have plenty of room to the downside to fall farther, LTC could go down to 45 or even the 33-region! Breaking the 74-support would likely mean we're following PURPLE. Check out my YouTube explainer video! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #litecoin #bitcoin #ethereum #cryptocurrency #blockchain
COINBASE:LTCUSD
by Critique-al-Thinker
2
DON'T IGNORE THIS ETHEREUM CHART!Hi everyone, I figured it would be a good idea to share this find with the community. I'll explain below what I'm seeing: RSI - Matches the same pattern as Ethereum during "consolidation" in 2016 before the euphoric 2017 bull cycle MACD - Oversold levels not seen in years Duration of Consolidation - As you can see, the duration of the phases circled in white both span about 90 (270 days) Retracement - Both ranges circled in white had similar pullbacks of about +50% Bull Market Support Band - Right before the start of a new bull phase in 2016, the PA trended below the BMSB before breaking out (we are currently at this point when comparing the two) Obviously this isn't to be taken as FA, but it could be a very unique and rare opportunity to enter the market/add to your position as a bull/long term holder. Let me know your thoughts! Twitter @illusivetrades
BINANCE:ETHUSDLong
by acocellaphotography