BTC| Last pump before the tank ? Btc getting weak and dominance is dropping as well as buyers interest. Alt coins set to bomb for a mid term swing
DROP
BTCUSD, Repeat Pattern of Exactly 3 Months Ago?While looking back on the Daily, you can see that almost Exactly 3 Months ago this weekend, BTC was in the same exact position within it's approximately 2.5 month long uptrend channel (as we have now too) while the 50MA is in process of beginning to crossover above the 200MA.
Plus, if you compare that February top of $10,522 with the recent high at $10079, BTC is at very similar price level relationship comparisons as it shows that the prices just before the down moves were approx. $500 lower than the previous top before the drops & massive, fast downtrend. We also see very similar patterns developing on the RSI and Stochastic Indicators.
Comments, and your point of views are welcome.
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Thanks
HP
Correction of EUR/USD with probably a drop of the marketEUR/USD increased with strength at 9:00 am. Now, there's a correction with probably a drop of the market.
EUR/USD to watch carefully at this point.
Red Monday? Strong correlation S&P/BitcoinBitcoin is over 10% down. Will we see a red Monday?
As shown on the chart. S&P and Bitcoin have similarities.
Really interesting what will happen on Monday.
BTC/USDT CORRECTIVE WAVEBTC WILL UP TO 8.186 TARGET AREA OF FIBO 0.618 AND THAN DROP TO 5360 AREA FIBO 1.
*NOT 100%, YOU WILL LEARN HOW THIS CHART MAKES*
OIL major level supportOil major level support getting close. We can see price basically doing copy paste cycles. Blue boxes are equal as are the purple boxes. Hopefully price will be stopped at fib extension 127,2% on a perfect psychological price at 11$ and we'll see some upwards movement coming in.
Spy - Going for wave 5Hello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed, so all those 3 signs lead me to believe we will drop to around 200.
SPX - Huge unemployment = huge dropHello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed, so all those 3 signs lead me to believe we will drop to around 2000.
Resistance line on GBPUSDOn the pair GBP/USD is developing a resistance line with 6 bounces for the last 14 days and 11% drop since then.
maybe dxy drop sooner than we thinkhi everyone
i think dxy will drop because its look like older time!!!
maybe i am wrong
*personal opinion
Scary but healthy Yeah yeah everyone's freaking out because of mass hysteria - google crowd psychology and you will understand why this is normal to me.
- 1,2,4,5 EW structure
- ABC incoming (b wave bounce coming soon)
Not much to say about this.. I will invest longterm after a 50% drop
Stay profitable out there.
BITCOIN - WHAT YOU NEED TO KNOWHey there,
Thank you for supporting this idea with likes and make sure you follow me here on TV.
so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history.
A rounded 40%decline in 1 day. An incredible number for any trader.
There are now some key questions to be asked:
What really valuable asset is able to drop 40% in one day?
What could have caused this spike and will it happen again?
Is this the end of Bitcoin?
To all of these questions, I sadly cannot anwser. You have to decide for yourself wether or not you still see value in Bitcoin.
It is very significant that Bitcoin broke the bottom growth of curve of the data science models and has not yet managed to come
back up to those.
While I do think that this is the final capitulation some people like Tone Vays have been waiting for and that the bottom is now in,
I too am troubled and have doubts in the real value of Bitcoin, if it is able to be manipulated by this degree.
Of course no fundementals have changed and Bitcoin is still the same as yesterday and the day befor, I do have doubts, wether
or not people will accept it as a store of value, if even after 10 years of existence, Bitcoin just now had its sharpest and steepest decline in 1 day.
So there you go. Technicals are not really applying here imo, since this is beyond any comprehensible movement.
Now is the time to BUY THE DIP. Even if I have doubts now, I have learned that it often is best to buy BTC when everyone is doubtful.
Oh and btw, there is now a 3DAY 9 buy of the TI Indicator Sequential, so this could be your time to buy.
Cheers,
Konrad
USDJPY D1 SUPPLYThis is a low probability supply zone. If this pair keep pushing up without stop, there can be a chance of a good bounce. BUT if doesn't rally up.... forget it
Spy - 3 levels to amazing entryHello everyone, as we can see our last 2 major financial crysis were 3 and 2 years, and each of them we had a drop of around 50%. This virus started the crysis and even if people say that the virus is not as serious as the media makes it out to be, people's perception of the virus is that the virus is really serious, so this is why the panic could be hard to be stopped so easily. I would say that we have 3 key levels that we could buy or add to our positions, which I have listed on the chart. I am waiting for support 2 or 3, because I believe now is too early for making a higher high anytime soon, but this is just opinion, not a financial advice! Like and follow for more ideas!
IT HAS BEGUNGood day Traders, it is happening in a blink of an eye, its time be prepared for anything right now family. Please let me know in the comment section below if you have any questions, tips or suggestions! -CO
