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Bitcoin about to retest 2018 bull market high After having made a big research i think that we can expect more dump on Bitcoin. I have made a weekly time frame analysis and saw too much coincidences with the previous bull market(2018) downside movement. But i will go first with more recent time, we will look a that later. At the moment we can see a clear double top pattern with the highs of April and November of last year witch is a bearish one and then more recently we have a breakdown of the major support at 32500$-28500$ zone with a wick touching 25400$ and a retest of it touching 32400$ . Okay, now the coincidences: At the previous bull market we can see a cross down between the exponential moving averages 21 and 55 on a weekly chart, thing that is not usual in Bitcoin, you only see it every few years and it is very likely to be followed by a downside move continuation. Now the same phenomenon was produced the first days of may. Then in the last bull market it was followed by a -50% move and now if you draw a -50% measure from the may's cross down the end of the -50% move coincides with the last bull market high 20k. I conclusion Bitcoin may kiss the 20k level and i think that that will be the bottom of this cycle if 25.4k wasn't. This is only my opinion and pure speculation, not a financial advice, do always your own research.
BITSTAMP:BTCUSDShort
by piccard54
[H4 Signal] ETHUSDT - Consolidation Technical ReversalBINANCE:ETHUSDT Timeframe: H4 Direction: Long Technical Confluences for Trade: - Price action at Multi-Year Horizontal Support Trendline - Stochastic Oversold momentum - Widening of the EMAs - Fib Channel shows Price action at 0.786 Channel level Suggested Trade: Entry @ Area of Interest 1400 - 1500 SL: 1371 TP1: 1680 (move SL to Entry level once TP1 is achieved) TP2: 2000 RR: Approx. 5.69 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
ETH: WEEKLY EXCLUSIVE UPDATE! BOUNCE INCOMING SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH weekly update. ETH is continuously falling since April month and we got 10 consecutive red candles in the weekly time frame. So what we can expect now? A bounce is incoming or do we see more red candles? Well, I'm expecting a green weekly candle sooner or later. Here's why? 1) Price is forming a falling wedge-like structure in the weekly time frame and slowly heading towards the lower trendline of the wedge. So after touching the lower trendline of the wedge we can expect a good bounce. 2) EMA200 is also in conflict with the lower trendline which gives us more hope of a bounce. 3) RSI is also forming a falling wedge and is currently at the lower trendline. 4) If in any case, it does not hold the ema200 then we might see a fake down move and it might test the previous ATH which is at around the $1400 level. So by all these possible scenarios, we can expect a reversal soon in ETH, and as you know most of the Alts will follow ETH so we might see a good Altseason soon. I'm expecting a reversal in the market by late June or mid-July. All we have to do now is patiently wait for the right time to enter in Alts. This is not a piece of financial advice. This is a possible scenario according to the previous data and some indicators. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
[Signal] EURJPY: Safe Haven PlayFX:EURJPY Timeframe: H1 Direction: Short Technical Confluences for Trade: - Price action at Resistance of Ascending Channel - Stochastic Overbought momentum - Widening of the EMAs Fundamental Confluences for Trade: - There is some risk with EUR spiking higher due to the rising inflation situation in Europe but at the same time, global inflation pressure is starting to leave a drag on growth. Risk assets may continue to take a beating and may see some safe haven plays. - Inflationary pressure is starting to pick up in Japan; may see a change in BOJ's monetary stance (reducing the yield differential between the US and Japan) Suggested Trade: Entry @ Area of Interest 139.70 - 140.50 SL: 140.92 TP1: 139.25 (move SL to Entry level once TP1 is achieved) TP2: 137.85 RR: Approx. 3.30 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
Why Is BTC about to begin a bullish rallyBTC is about to begin a bullish rally and here's why: Looking at the graph, we can see a candle with an extremely big wick pointing upwards has formed (A.K.A. Inverted Hammer). There are also other reasons why it's about to happen. They include: - Price hitting the 200 EMA and not crossing - Price hitting the 61.8% fib line - The downtrend is losing its momentum (hence the decreasing candles) - The timeframe is 1 week There is still a chance, however, that the price will keep dropping. But because we are talking about multiple types of traders, we can safely say BTC is about to begin a rally. NOTE: this is not investing advice. If you would like to go against my advice, feel free to. There is nobody stopping you.
BITSTAMP:BTCUSDLong
by lorinstocksinvesting
3
BTC Log Chart w/ Layered Curved BandsBitcoin on the Log Chart w/ Layered Curved Bands, EMA's, and Stoch RSI on Weekly. Currently trading under crossover of EMA 9 under EMA 100 historically signaling move down to lower curved bands in Bear Market. A test/bounce on the EMA 265 has occurred but, lower dotted trend line (Support) has yet to be hit. The dotted upper trend (Resistance) and lower trend (Support) come to an apex mid 2025. Perhaps a nice move to the upside after a break above dotted curved resistance line leading back up to a higher band if BTC keeps it's course/projection. Bands: Green - Buy Zone, Blue - Profit Taking, Red - Heavy Sell Zone, longterm outlook. Historically Bitcoin respects EMA 9 and EMA 100 crossovers signaling a BEAR or BULL market. Considering current economic outlook and the Fed planning on continuing to raise rates, possible recession, and other global issues, I see continued price action in the buy zone to the end of year with a possible visit to lower dotted support. Watching out for price to break past down sloping trend line then followed by the EMA 9 to cross back above EMA 100 for the potential start to the next Bull Run. Also, confluence with Stoch RSI has been a good trend reversal signal when bottomed/near bottomed out. Time to build!
INDEX:BTCUSD
by MDT3
Luna to ZEROTechnical indicators are not as important in this case, but Luna broke through the green cloud on the weekly and on the daily is this represented as a red cloud. From a fundamental point of view is the price of Luna going to reach zero, but this destabilization period on Luna is high dependent on the case of UST gaining or losing its dollar peg. The UST peg is the root cause of Luna crashing as initial investors saw Luna´s stablecoin UST being pegged to USD as the main stabilizing factor to Luna´s success. Now when the UST peg has been lost do investor see Luna as a sinking ship, and further would the price of Luna continue to fall. Here do investors rather sell at 30 USDT than 0 USDT. Before the crash of Luna would the price stabilize itself as investors are not able to trade Luna on Binance do the price stabilize itself until Binance make it possible for investors sell of their recourses in Luna. When Binance opens Luna to be able to be traded does investors massively sell off and the price keeps getting pushed down. This second sell off is caused by investors disbelief in the product. The product in itself is the algorithmic stablecoins which keeps its value by burning Luna for UST to keep its peg to USD. Therefore do they need to burn Bitcoin reserves to gain USD to UST which was not possible in the first crash. This analysis has not taking into account for following: NASDAQ crash, BTC crash, Supply Chain issues and the war in Ukraine.
Short
by vf_investment
1