Dumpit
the final count down to BTC bottomHello to all, been tinkering with this idea for a bit now to how it might play out. Looking to top out on the rising channel at 51850 ish where it intersects with purple line (expanding wedge) get rejection, break down out of rising channel with measured move to 3937i ish, bounce up to resistance line at 43968 ish, create the right shoulder, then down to the bottom expanding wedge line at 32175 ish, once we break bottom of expanding wedge, we have a measured move down to 9326 ish, or just complete the ABC correction at 13478 ish, obviously NFA just a thought how might play out and areas to watch. Happy on feed back, obviously where we finish on certain moves will decide where we end up this is just a basic map of how we may get there, cheers
Matty Surfbeach73
Nasdaq100; Dump it!!Aside from a total U.S. Market Capitalization that is now in excess of 260% of U.S. GDP (the historic norm, not the low, being 78%!) ...
... and a Doubly Exponential; f(x)=a^(b^x), Central Bank(s) push in equities , up to this point, ...
... and the leverage in the system (U.S. equity markets) now easily the eclipsing all previous records, by any measure, not just in absolute terms!;
www.hussmanfunds.com
... and since the current SPAC mania is identical to the South Sea Bubble, in as much as: "Let them see not what they do!" ,
... and since the total Market Cap of the top 1500 companies, that were unprofitable for each of the past 3 years, now exceeds $2.5 Trillion,
... and because of charts like these;
www.hussmanfunds.com
... and;
www.hussmanfunds.com
... and;
www.hussmanfunds.com
...
youtu.be
... there are numerous (too many to list) other leading-, as well as coincident-indicators which would all suggest that being long here is very unlikely to turn out well.
Such as;
The valuation of Bitcoin now equates one-fifth (20%) of the entire U.S. Monetary Base ;
... and;
... and;
from this post;
... and so on.
BITCOIN COULD BE HEADING TO $10 000 AGAIN?!Bitcoin is sitting at a decision point, right on a uptrend support line. IF we close below this support line a test of $10 800 is very likely. and if $10 800 breaks on a 4 hour candle close then we will most likely head back down to $10 000 with a potential to break and head to $9100
Chainstink is about to violently correctThis is a classic distribution pattern, idiots that fomo'd into this dump are about to get annihilated.
Whales are cashing out right now, youtubers and idiots on twitter are pumping it so they can offload the bags they picked up during the march dump.
I feel sorry for the idiots that are buying in right now, it will be a harsh lesson to learn kids.
BITCOIN Bear Market ContinuesWhen looking at the VPVR it looks like we definitely hit that $3-4k area again. The price action in 2019 was not that of a bull market, nor is it now. In my view we are still in a bear market and I believe the whole stock market crash / Carona scare is coincidence / not cause and effect necessarily. I plan on buying spot bitcoin in the $3,000's all the way down to $2,600 for long term buys.
This is not financial advice, for educational purposes only and to log my trading over time as I progress.
$2615 is where we started the irrational bullish move so I expect a retrace to this level.
looks like the breakdown today was the last chance for the bulls:
SHORT - ETC - Trading OpportunityMultiple bearish divergences have been forming for a while now on various time frames on FTX:ETCPERP .
Entry: 11.5
Target 1: 10.83
Target 2: 10.379
SL: 11.81
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SHORT - BSV - Trading OpportunityBearish divergence on FTX:BSVPERP , awaiting some confirmation before going in.
Entry: 324
Target 1: 283
Target 2: 256
SL: 344
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).