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Down-trend

Bitcoin (BTCUSDT) Supply Area Proximity and Market SentimentsSince September 10, Bitcoin's uptrend has been impressively consistent, marking three months of continuous growth. This prolonged price action significantly raises the probability of an impending correctional move down. BTCUSDT has been trading near the supply area for the past couple of weeks, inducing a sense of caution in the crypto market. While the long-term trend remains strongly bullish, a healthy correction could be beneficial for sustained growth. Additionally, the remarkable surge in altcoins over recent months, though exciting, indicates the need for a potential pullback. As long as BTC is below the current supply area, we anticipate a 20% correction to test the double Fibonacci support at $36k.
by CryptoPAMM
4
USDJPY - NovemBEARS MARKETFor the current week, the USD/JPY pair has shown a decline, closing Monday's session at 148.675. Investors are speculating on a possible shift in the Bank of Japan's policy away from negative interest rates, which could support a move of the pair towards 145. Consumer confidence in the U.S. and comments from FOMC members are also key factors that could influence the trajectory of USD/JPY. The focus is on the future direction of the Bank of Japan following higher-than-expected inflation data, with anticipation of further guidance on when this policy shift might occur. On the other hand, in the U.S., a significant drop in consumer confidence could affect spending and thus demand-driven inflation, which would influence the Fed's interest rate outlook. Investors will be attentive to comments from voting FOMC members on inflation and interest rates. In summary, the market anticipates a possible change in the Bank of Japan's monetary policy and is closely monitoring U.S. consumer confidence indicators and comments from FOMC members, all of which could significantly influence the behavior of the USD/JPY pair in the coming days. Look my ideas chart drive.google.com
Short
by BBSignTraders
Italy40 Bear trendItaly soared today based on mere positive unemployment data regarding Spain (due to the countries having more or less same situation/economical foundation). But these data does not have anything to do with Italy. As the ADX shows, the Italian index goes up today but without an indication of a strong trend. This could show us, that the index will go down again. If the Italian index will go down tomorrow, this week or the coming week is not important, IT WILL GO DOWN - ITS THAT SIMPLE. The Italian economy simply can't handle the increasing interest rates from ECB + the situation regarding inflation. An economy based on tourism will suffer when all the tourists have to save on travels and use that money on electricity bills instead. Again... IT WILL GO DOWN - ITS THAT SIMPLE.
IShort
by Hvalp
Will Bitcoin Cash see $25.00?BCH has always followed in the foot steps of Bitcoin rightfully so consider BCH is a soft fork of Bitcoin itself, hence the name Bitcoin Cash. Over this past cycle Bitcoin Cash has managed to perform above average in my opinion. I am one of those people whom believes that BCH will follow the price of Bitcoin itself and will one day be worth over $20K although that depends heavily upon financial regulations that could unfortunately put an end to BCH, an highly unlikely scenario, but none the less could happen. Now the purpose of this chart is to show the major downward angles and how BCH is building them into support. It appears as if we have made it out of a strong resistance barrier. Although we are hovering around $101.20 as of the time of writing this. I am not to optimistic about the price of #BCH at this moment I am eye balling the low at around $25 to $75 We can see on the chart that BCH seems to be stuck below the $103.00 resistance level and is looking to take a leg lower. I am going to go out on a limb here and say that Bitcoin Cash will be dropping some time before Wednesday. I normally don't throw a day out like this, but I feel confident saying that considering all the charts and news that I have reviewed recently. I also have a nice buy order set up below $25 In my opinion if Bitcoin takes this next leg down as I have been expecting than we will see Bitcoin Cash do the same as well. When this happens Bitcoin Cash should bottom out as well. When Bitcoin itself was around this point age wise on a lot of exchanges the price dropped to .01 cents for a moment. I would of liked to have bought #Bitcoin at that price, but I didn't get a chance to.
by Cryptocrash1
Clear H & S - it's over for now.SOL has a clear head & shoulders. End of the of our glorious up, up, up. Sol may see a slight rise before continuing to wiggle down - first to around $130 area and then down to the $115 > $117 area. Then down to $110. I suspect it will end up at around $75 - All of this DEPENDS upon the movment of BTC & ETH. The down trend should provide some good scalping - provided the fall is not to rough and choppy. NOTE: ETH & BTC dictate for most coins how they will move - keeep and eye on these coins. If BTC does fall big style (Blood On The Streets) it is possible that SOL could go to $40 or even down to $24. SO, unless you wish to HODL and then buy more on DCA, you might want to consider TAKING PROFITS or selling out and buying back in at a better price (it's what I will do). Not Financial advice - DYOR. Happy Hunting.
by esorlegin
5
BITCOIN - We Still See Lack Of Enough BuyersHello everyone, rouzwelt here If you have seen my last post about BTC you can remember that I've been pointing out possible scenarios for BTC to continue its uprise or reject to low 30's again. You can clearly see in the screenshot of that post that price started to get rejected at 36.5k level and candles printed like the red arrow projection I've drawn in the chart. But let's get back to the main chart now. BTC is now moving inside the yellow channel and towards the lower channel line, I believe this whole channel may be potential bear flag and as BTC is approaching to the lower side of the channel, there is great chance for it to break it down and move to lower levels which then it will complete its bear-flag formation, the possible levels I think may be around 24K - 26K area. But if we see more demand coming in at the lower side of the channel and btc manages to hold that level as a support, then we might move to test the upper side of the channel once more. Right now I'll be waiting for one of those scenarios to play out. if we break the channel, I'll be looking for short setups after the confirmation of course which can be a 4H full body close or a daily candle close below the channel. And if BTC holds the channel then I'll be looking for buy setup again with confirmation which can be break above the blue trend line with a 4H or daily candle close above it. Either way I'll be waiting for confirmation to enter the trade and for long trade setup I'll be much more cautious as the main macro trend is still bearish. Both these trade setups are scalping as we are still in 30/4k range, but we may increase the short position size as it breaks this range when approaching the 29/30k area. Have fun and trade safe.
by rouzwelt
2
BTC/USDT - UPdate. Acending triangle - Up or down trend BitcoinHello everyone, analyzed the BTC/USDT pair I revise this chart many times and see more and more changes in the bearish scenario every day. Do not forget that such triangles break out of the bearish and bullish trend. With an average (bearish) or weak (bullish) signal It seems that the "inverted head and shoulders" pattern has worked. but it seems not. It seemed there was a double bottom - but it seemed not. It seems that they made a bullish flag - but it is still unassigned on the market. The order book speaks of the seller's strength, but the price moves up. At the moment I have a long position from 46850. Some of it is fixed. Stop loss at breakeven. I will watch the market behavior and will supplement positions if the UP trend continues. I don't like making quick decisions. Always waiting for confirmation. "This is just my opinion, trade with your trading system Have a nice day and come back again." Go to my free channel and chat with other traders. Link in the description Write your opinion, whether there is a place to buy here, and open a long position
by CryptoJaegerB
1