ADA must read ! ADA is going to drop, make sure to sell if you got to and wait if you want to get into the market !
Make sure to do not chase the trend !
Drop a like if you wanna support these posts !
DROP
Filling old CME gaps...This is just a crazy analysis of the possibilities of filling an old CME gap, mentioned at $9,700-$9,850.
The past few days and weeks have been very volatile with huge, possibly coordinated and sustained dumps. So what are the possibilities of going lower? What could be the bottom?
As we are now at another unexpected crossroad in the crypto saga, we will all be looking for answers and potential scenarios of what will happen next. As much as the fundamentals of crypto have never been stronger, short-term uncertainty will always loom over our heads. Oftentimes we will look at indicators, trendlines, levels, news and social sentiment for answers. But the market does what it does, and whales do what they do, so we are all just left with best guesses.
One interesting factor for the movement of crypto is CME gaps. There will be many CME gaps on the way up, and most will be filled quickly. Some may never be filled, and some could be filled after a long time, sometimes by unexpected events like the coordinated dump going on at this time of writing.
We are currently hoovering below $40,000 and a daily close below $37,250 could lead to a much deeper drop. I will be speculating on how low it could, go based on unfilled CME gaps and somewhat arbitrarily placed trendlines and Fibonacci levels, possibly leading to a worst case scenario of filling an old CME gap.
The biggest unfilled gap would be one at $9,700-$9,850, with another mentioned at around $3,000. I can't actually see the gap in my chart on any timeframe, but it is mentioned in these articles... Edit: I had to remove the links to the articles to post this piece, but they can easily be found by Googling "CME gap 9700".
(Removed link...)
On the chart I have also indicated some of the more recent unfilled CME gaps found on the Binance chart. Some are micro-gaps of of $0.01, and some are bigger. Will they still get filled? Could it happen due to the coordinated dump, leading to a flash-crash, and will the drop be exasperated by government regulation, environmental concerns and eroded confidence in Bitcoin due to manipulation?
Back to the CME gaps...
Some CME gaps on the 15 min timeframe that I have identified are found at:
$33,500.00-33,534.58
$32,299.84-32,438.06
$21,331.69-21331.70
(there could be more...)
What could be the levels we hit? Well, I was once taught that confluences are strong indicators, and by drawing up some trendlines and Fib levels we can check if there are any confluences worth noting...
With a Fib retracement from the recent peak of $64,854 on April 14, 2021 to the low of $3,782.13 in March 13, 2020, we can see that we have levels at:
$51,784.62
$41,524.55
$34,318.07
$27,111.58
$18,195.09 (level to note)
And with another Fib retracement from the recent peak to the recent dip at $43,960 on April 25, 2021, we get a closely coinciding level at $17,928.97 as a level to note.
This would indicate a strong support/resistance level can be found at around $17,928.97 to $18,195.09, as can be seen in the chart. We could bounce here, but dropping below this could lead to a much deeper decline, possibly to the next Fib confluence level. So where could that be?
Well, drawing a a Fib retracement from the recent peak to the recent drop to $30,000 gives us a Fib 1.68 level at $8,460.23.
Drawing yet another Fib retracement from the Jan 9, 2021 peak to the Jan 22, 2021 drop, gives us a closely coinciding level at $8,576.46 (Fib 2.618).
This would indicate a strong support/resistance level at $8,460.23-$8,576.46, a bit below the mentioned $9,700 CME gap.
Furthermore, drawing a trendline from the Dec 17, 2017 peak to the Aug 17, 2020 peak leads us to a point just above the CME gap at around $10,375 if looking at our current date (May 22, 2021). The further in time we go, the lower this level will be, and we don't know how long this dump will go on before it reaches its target. By August 20, 2021 we would be below the line, if the bearishness would go on that long. A flash-crash would naturally bring us below the trendline much sooner.
Hitting this trendline would be sort of a second retest of the "breakout" of our current bullrun, if we can consider the start at Jun 20, 2020. With some panic leading to a flash-crash, eroded confidence in Bitcoin and Crypto, we are not to far from hitting the CME gap at $9,700-9,850 and potentially staying there long enough to fill it.
Will this ever happen?? It's far-fetched, but nothing is certain or impossible in the world of crypto. Especially not with huge market manipulators controlling a majority of the assets and governments fighting for control of our old and future monetary system.
Where could we go after a drop to the CME gap? With a Fib grid from the low of $3,782.13 to the peak of $64,854 we can find the 1.618 Fib level at $102,596. The 1.618 level is a level that often gets reached. The next level would be $163,668. Will this happen, if so when and how long would it take? We'll just have to wait and see.
This is just an exercise I made for fun, and not financial advise of any kind.
Be safe trading, do your own research, and be kind if you leave a comment. =)
Caution Regarding the Market's Trend Dear @All
Please read and consider the following for two minutes before posting any comments. Your financial success or failure has no bearing on my life. I'm solely cautioning you about Bitcoin's future direction and warning you about the possibility of massive loss.
I have the data of bitcoin since 2010 which had the minimum of $0.05. I couldn't find the full data history in Tradingview. I have drawn the waves in the chart. Uptrend for now is over and market has already WAVE A and B. We are in Wave C which this wave will divided into 5 waves. You can calculate the top of wave 2 by Fibonacci or the simple formula of Elliott Waves.
There are 2 methods to calculate the end of this drop: 1- calculate the waves of Wave C : 64509 top and bottom 47936, then top of wave 2 in Wave C will be 58178. Now you can see the other waves which End of wave 3 in downward (wave C) will be 31363, wave 4 (of wave C) 37693, and wave 5 (of wave C) 21120.
2- Now let's count the whole of the movements of Bitcoin as GrandWave 1 and check where is the end of Wave 2. Start of Wave 1: 0.05 End of Wave 1: 57218. You will see that end of GrandWave 2 will be ended at 21857 which is very close to the rate we found above.
I wrote all of this Not because of your Likes and Follow. I wrote to just give a caution about a possibility of loss.
I don't recommend to take SELL Position (Because I Never trade on Future Market). My suggestion is that to WAIT for short time. If it happens you have enough money to enter from the bottom and make great profit.
The following Chart that before I draw didn't consider the drop to 21k and it shows the drop to 41k which will be a mistake in analysis.
Self Intro:
PhD in field of Financial Engineering at USTC.
Bitcoin 200-Day EMA Rejection Follow-UpThe analysis I posted yesterday about a likely 200-Day EMA rejection played out nicely. While the pattern played out as predicted, the fundamental backdrop got worse significantly faster than expected. Because of this I decided to leave my stop-loss as is instead of adjust for each price level.
With how firm the resistance is holding up and the volume that we're selling I feel that closing my position at the 38,500 level (which would be the new stop-loss according to the first post) would be premature. I will break down my decision making process here:
Chart Description
Yellow flags indicate the position on each chart that the 200 day EMA was broken.
Hourly chart shows 4 clear rejections of 42,000 after breaking down and a potential bear flag.
Daily shows the sharp 200-day rejection as predicted yesterday as well as an approaching death cross.
Analysis
The first interesting move is a quadruple top after a support break. A key insight here is the volume bars during each rejection:
1 - relatively low volume with a higher volume pump off the bottom of the channel. This is about the spot where I made the post yesterday.
2 - high volume selloff which coincided with bearish news out of China.
3 - low volume bleed and reversal
4 - high volume selloff followed by potential bear flag. The reason I say potential here is because the green intervals have decently high volume compared to what I like to see for a clear flag. Although it seems to have dropped in the recent hours, this is still something I would like to confirm.
The second item I'm interested in is the approaching death cross on the daily chart. The red line indicates the 20-day EMA is getting dangerously close to the 200-day EMA that is the focus of this trade. This puts bulls in a position where the clock is ticking down and there is no momentum anywhere to indicate that it can break over the resistance and hold it. I do feel like there will be a battle though which is part of the reason I don't want to move my stop-loss prematurely.
With all this being said, I stuck to the plan for the profit taking and closed a small portion at target #1. I will be looking to re-enter at the top of the hourly channel and if we confirm a break below the channel.
Since this situation is fluid it is important to be unattached. Although I am not seeing much for bulls right now it is important to not ignore something if it does pop up. For this reason, price targets and stop-losses may be getting adjusted as needed. If the death cross occurs I will be lowering my price targets significantly.
As always, don't be blind to risks. There is still everything that was mentioned yesterday especially the unpredictability of news. If there is bullish advances re-analyze the trade and adjust as needed. Do not fall in love with a trade even if it looks solid in the moment.
BTCUSDT 4H | Bitcoin market overview: What's next 2Hello, dear subscribers!
In the previous review, we looked at the bearish trend in the bitcoin market.
Since then, bitcoin price took a breakdown to $30,000 before recovering to $42,000. Such price movements have taken either big losses or big gains. Now traders are worried about the question: what will happen next?
At the moment, bitcoin price is trading around $40,500 - $41,000, just above the support level outlined in the previous review. The MACD and OBV indicators are in favor of the bulls. MACD indicator shows a positive trend, which is beneficial for the bulls. The value of the OBV indicator is above the support at 1.9M, though it was broken when the price fell to $30,000. RSI indicator shows a dual situation. We see an emerging convergence - a signal to sell, if the price from now on does not exceed its highs after the fall to $30,000 and will consolidate below $39,000, then we may fall to the values of $33,000 - $33,500.
Subscribe to the channel and stay tuned!
Gotta love those dipsSo price has seen a huge reset and we might as well not be over with it, is 30K our bottom? one thing is sure, if it want it can drop even further...
What are the good news though, it's a hell of an oportunity to buy cheap, if you want to be in the crypto market, you need to be ready for this kind of movements, it's not easy, I know, but this is not for the faint heart.
If market makers are happy with the drop, then we will see an amazing bounce.
If you have been trading for a few years already, then you know how this things work out, if you don't welcome to crypto.
This is not financial advice, this is just a kind reminder of the intrinsic volatility this market has, right now, we could have just seen the worst of it as well as it can continue, just keep calm and watch the smart money play.
SP500 Possible crashI was studying lastest SP500 drops and it is possible to predict a huge crash in AGO-21.
-not a financial advice-
Bitcoin in Capitulation Embrace the Volatility, HODL, and Relax.Welcome to Cryptocurrency! HYPER VOLITILITY! FLASH CRASHES! This is the first time since March 8th 2020 we've fell below the 200 day moving average which was right at the start of COVID-19. Reverse psychology when it comes to Cryptocurrency these dips are historically some of the best times to enter the market.
Is the bull market over? I personally don't believe so but even if it was I'll still be taking stable depreciating fiat dollars and adding to my Bitcoin position. I personally never trade or sell my Bitcoin I just continually add to my holdings. I more focus on growth and Bitcoin wealth preservation but that is just me though. I believe years from now we'll be looking backing wishing Bitcoin was at these current prices just like how everybody wished they could've purchased Bitcoin back when it was a couple hundred dollars only 6 -7 years ago.
The whole market is on discount so for all those great cryptocurrency projects that you've been itching to buy this is a nice price correction to consider entering. My whole entire portfolio is down 50% but I'm perfectly fine because I haven't sold anything, therefore I haven't lost anything. This will not be the first nor last time we corrections like this. I understand this is painful but we need to keep our emotions together. This is meant to shake you out of the market. Institutions want you to sell you're Bitcoin for cheap.
Remember you've only lost if you've sold. Buying and holding isn't as easy as everybody thinks. We feel very euphoric and like geniuses when we're very profitable. But we think it's the end of the world when we get steep retracements and price drops. Then we feel like loosers and a lot of negative self-defeating thoughts start to plague our minds with fear, uncertainty, and doubt. If you purchased Bitcoin and you're down don't worry. Our world needs Bitcoin and it's extremely limited.
HODL your Bitcoin! We've formed another parabola and we will get though this painful correction. Much peace, love, health, and wealth!
ETHUSD Ethereum is dropping - How much? 70% - CRASHYes exactly. I expect Ethereum to drop 70%. This scenario is possible due to a matter of factors.
What do you think?
Ethereum drop to $ 2,700Ethereum is completing the head and Shoulders. Drop to $ 2,700
Disclaimer!
The content of this post is for educational purposes only and is not a buy or sale offer in any way. You can use its information to prepare your trading plan. But you have to do your own research. Trading is risky and requires experience and is not suitable for everyone. Only you can be responsible for your trading.
Do you want Three Drive ?We could to have this pattern. All is possible.
This is just a suggestion.
All possible assumptions must be considered.
Btc dominance drop cenarioAs mentioned before, Btc might print a double bottom.
Check previous TA.
Coinmarketcap shows 49.9% btc dominance at the moment.
Its happening really fast!
Faster than what i draw before in those pink lines.
Will BTC hold the ground at 50% dominance, or continue droping?
A 50% drop from last top will create a double bottom at 37% btc dominance.
If we continue droping. I guess we can say that the alt season actually started in early January this year.
Anyhow, still bullish on BTC .
Bull run is still intact imo.
