ETH USDT hello guys this is my idea about ETH /USDT
I thing that sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + previous support become resistance + Strong volume area is my mainly reason for this short trade....
THANKS
REBENGA
LUNA
+70% move for LUNA! LUNAUSDTHey guys thanks for all the support! I appreciate you all greatly!
Make sure to LIKE and FOLLOW! Thanks
Here is a simple chart i wanted to share with everyone
I have placed a LONG position on 20x leverage for LUNA under $2 as i see LUNA at a minimum testing $2.63 and may very well go to its previous resistance at the $3.50 level. I may be looking to short the $3.50 level i will keep you guys updated! I am expecting the entire Crypto market to have somewhat of a "Relief Rally"
Thanks guys, LiquidMEX
Hot Air - Patience and RationalityIn 2018 I was pretty sure 6k was our bottom, then the bottom fell out to 3k. A gentlemen here on Tradingview had posted a chart prior to the drop to 3k that said HOT AIR in the space between 3-6k.
I commented on his post, something like, yeah right buddy, It ain’t gonna happen, look at how stable BTC has been at 6k. When it dropped to 3k I got a response from him of something like, Your an idiot, what do you have to say now? Cash me outside, how bout dat.
I’ll never forget this guy, I don’t remember his name, but I was humbled. This guy knew something I didn’t and put it in my face that I was still a baby trader. This post is in honor of him and if he see’s this, I wouldn’t mind another rationality check, should you feel the need.
I have watched the BTC/USD charts every day for over 5 years now, along with any significantly related charts like BTC.D, FEDFUNDS, ETH/BTC and so on. I am an extinct GPU miner, I understand computers and operating systems, proof of work, and the tech behind bitcoin better than anyone around me in real life. I was mining with 80 GTX1060s and 48 GTX1070s at my peak in 2017. The 24/7 13 amp load from each rig caused a few fires on commercial 20 amp circuits, the resistance would slowly back the neutral screw out over a period of like 3 months, then arching would start unbeknown to me.
I was always a computer tech, I was never a trader, I hodl bitcoin irrationally, always afraid to sell, no price is ever good enough for me, 20k eh, I’m waiting on 100k. 100k eh, Im waiting on 200k, oh it hit 200k, Im waiting for 500k. I never cared about the time line but I did secretly want it to happen fast, like 2017 fast and most of my charts have reflected that.
Its like every time bitcoin reaches a new all time high It’s a signal that it is indeed capable of going even higher later on, and I just can’t stomach selling into that logarithmic trend that bitcoin has established, so afraid that as soon as I sell anything, its going to blast off and never come back.
Most people commend me for my insane long starting in 2016 but I started thinking this hodl mentality may be working against me in the long run. I would watch highs and lows go by over and over, bear flag, bull flag! BART! Bull ru…. Its over, bear claw.
I started noticing patterns in alt coins which I later identified as Wyckoff, oh wow, someone else noticed them before me. I saw how much I could have flipped my bitcoin stack into and was rather down about not having the knowledge or balls to do it, so I continued to hodl every Satoshi.
I would see fractals over and over, I started seeing these patterns on all charts, and exploring their meanings all the while, still not trading, just watching. I would post charts here of my mostly irrational ideas, just so I could go back and see how right or wrong I was. I tested myself against the markets without putting my beloved bitcoin in, proving to myself I shouldn’t be trading as I got the calls wrong. It took me years and years to trust my own calls or give advice to close friends.
These days are different, I am trading but not often I don’t make a lot of charts, I pay attention to other analysts and put all the their information together to form a general direction of where I think the market is heading. I use moving averages as a general reference of trading range, I use volume profiles, and I mostly stay on the logarithmic chart, playing the long game.
I held 80 LUNA a few weeks ago, I sold them into BUSD at $89, this was based on the market structure, LUNAs double top and downtrend that formed immediately after. I had no clue that LUNA was about to dump harder than bitconnect yesterday and when it did, I just laughed like wow, Im finally making calls Im proud of. It was a small miracle I even had that much in LUNA in the first place, as I’m not big on alts but noticed it moving against BTC earlier in the year and capitalized on that.
I have tried to use all the knowledge here given to me by guys like @goldbug1 @filbfilb @The_black_swan @TradingShot @BTCINVESTING @MartyBoots and so many more I’m forgetting, and apply that knowledge to making good decisions in my trading, which has been really hard for me honestly, even with all the amazing knowledge shared by these guys, you still have to trust yourself to do this.
Youtube has been a great tool for gathering knowledge and perspective as well from guys like, Ben Cowen, Altcoin Daily, Andreas Antonopoulos, Barely Sociable, George, Alex Becker, Lex Fridman, Mike Saylor and so on, all of their opinions and perspectives have been of great value to me while trying to navigate these markets in the past few years.
I would like to close this post out by saying this is how I am moving forward, Im still to scared to sell my bitcoin, but I am a trader now, I have skin in the game and Im going to continue to try and become a better trader through patience not by trying to time the markets. I wait for the markets to present the opportunity and then have the confidence in myself to act on it.
This entire post was really to honor the people who have schooled me in this, It took me 4 years of watching to come into the markets with confidence and even now, I consider myself just graduated from baby trader, to toddler. This chart is not to be followed, its an idea and likely one of my bad ones, but I thought it interesting to compare the 2019 - 2020 downtrend and covid capitulation with our current situation. i expect bitcoin will bring maximum pain as it always does before moving up again.
LUNALUNA/USDT in this coin im waiting for pullback on my sell zone to take SHORT Position after breakout
Bitcoin Going to 3k While The World Plunges Into Recession?Crypto is likely going to see a massive liquidation event occurring very soon. Margin calls start to cascade below 20k. Right now we know that Celcius, 3AC, MicroStrategy , and many miners that operate on thin margins are all at risk of major liquidations or margin calls. There's likely many others at risk and who will collapse due to contagion from these and other major players collapsing. This totals over 200k BTC at risk of liquidation, as well as many other cryptos.
There could also be contagion from global markets collapsing and falling into recession or even depression over the next year. The FED aggressively hiking rates while the stock market is in free fall is going to end badly as all the liquidity dries up and the theoretical rug is pulled out from under the entire world. The US could see deflation next year as supply chains recover and monetary conditions tighten aggressively.
The fallout from LUNA/UST collapsing is still spreading through the crypto market and we will likely see many other cryptocurrencies collapsing to virtually nothing over the next year. Celsius and 3AC collapsing due to LUNA will just be the beginning, This will keep spreading to more and more major market players. Only the strong will survive.
Shorting will likely be the modus operandi for an extended period of time for nearly all risk assets. Massive long-term bearish divergences will likely take several months if not over a year to fully play out.
It is likely that we see a move downward that is larger and faster than the largest down move BTC has ever experienced, which was in 2011 before even my time. This was a 93% drop and happened while the market was still recovering from one of the worst economic periods of recent history. I suspect this will happen again and using the April 2022 high as the end of wave-G would put our minimum target at 3000 USD per BTC before September. It's quite possible it goes even lower than that to the 2013 high of 1300.
LUNCBUSD- NEW CYCLE UNDERWAY!Markets achieve significant lows (or troughs) at the beginning (or end) of a cycle and i would be using significant highs and low pre and post luna crash to make my case
All time High- $119.55 on April 4th 2022
All time low - $0.00000010 on May 13th 2022
Pre Crash- LUNA
The Whole movement from august 19 2020 to 'Friday 13th 2022 can be interpreted as a downward A-B-C correction.
inception price at 0.60000002 on August 19 2020 to 0.27520001 on November 3rd 2020 is Wave A down
from 0.27520001 on November 2 2020 to 119.55 on April 4th 2022 is Wave B up
from 119.55 to 0.00000010 on May 13th 2022 is five wave down for wave c
Post Genesis- LUNC
0.00000010 low on May 13th to post genesis of LUNC high of 0.0002900 on May 30 2022 is wave 1- see graph
LUNC high of 0.0002900 on May 30 2022 to 0.00009150 on June 1 2022 is five wave down of Wave (a) of 2 - see graph
0.00009150 on May 30th 2022 to 0.00010540 on June 2nd 2022 is wave (b) of 2- see graph
from 0.00010540 on June 2nd 2022 to 0.00004930 on June 8th 2022 is Wave (c) of 2- see graph
June 8 low of 0.00004123 is the start of wave 1 of 3
Wave 3 is never the shortest wave - we may be in for a significant upside potentials for LUNC
Disclaimer: We accepts no liability whatsoever for any loss or damage that may result, directly or indirectly, from any forecast or opinion, information or omission, whether negligent or otherwise, within this report
EGLD / USDT hello guys this is my idea about EGLD /USDT
I thing that sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + previous support become resistance + Strong volume area is my mainly reason for this short trade....
Thanks
Rebeng
Waves - Another stablecoin disaster ✈️Since downfall of luna Waves stable coin USDN had been suffering a lot.
As project tries to keep it up, looks like they can't stabilize it anymore.
If bitcoin falls lower, WAVES holders may capitulate which will lead to the end of whole ecosystem.
You can try to short on support breakdown with closest target at at least 2$
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
ATA - BREAKOUT SCAN - We are now into a point where the most lose their belief in crypto markets, a time of panic, but it's not the first time we have seen this. also before years the same story. on this manage always your risk.
ATA has lost much of its worth since a time ago and it's on the breakdown, also with this new bear market it did more.
It depends also on BTC - but this point could be an important return depending on technical analysis if BTC stays stable or increase - for ATA could this be the reason to have an On the breakout scan depending on the technical analysis we could see coming time a breakout on this coin
This channel is made to make also scan updates for breakouts - and this is one. with time we could see whether this will be done or not - at last, it will stay the market going in the way it goes.
This is not investment advice, know that entering any crypto market is riskier in times of huge volume change.
LUNCBUSD1-2 formation from low at 0.00005 which is holding up nicely
Ideal entry would be price above wave B with stops below wave c
Trend confirmation for wave 3 would be price moving pass high of wave 1 and a break above the declining channel line about 0.00008.
Disclaimer: We accepts no liability whatsoever for any loss or damage that may result, directly or indirectly, from any forecast or opinion, information or omission, whether negligent or otherwise, within this report
LUNA2.0 trade will be boost up for short term LUNA2.0 trade will be boost up for short term from blue range area as we predicted before. There is one leg up before head down to zero. Trade scenario will completely change as it crosses 50% Fib level which is around $25. We are expecting two mega negative candles then up after long accumulation period.
LUNCBUSDWave 3 takes time to evolve & it’s never the shortest wave
Post crash of LUNA (now classic) and Pre LUNA-genesis correction of LUNABUSD (now LUNCBUSD) has been “complex”
Channel line draw here is based on the fact that labelled wave 2 is “already in place”
Ideal entry would be price above wave B with stops below wave c
Trend confirmation for wave 3 would be price moving pass high of wave 1 and a break above the declining channel line about 0.00008.
Disclaimer: We accepts no liability whatsoever for any loss or damage that may result, directly or indirectly, from any forecast or opinion, information or omission, whether negligent or otherwise, within this report
LUNA is going to drop a lot, where to find a bottom?LUNA is going to drop a lot, where to find a bottom?
Tron is dying? New Luna?😱😱😱Tron dropped 18% and looks like it only accelerates.
It may be connected to problems with it's stablecoin - USDD. At the picture you can see that reserves cover only 90% of supply.
How death spiral may look like?
As people start to sell USDD, USDD will have to sell TRX to keep itself stable, TRX drops in price, reserves become even smaller and so on.
I advise you to be careful with TRX for now and keep your savings in other stablecoins if possible. A lot of people believed LUNA wouldn't fail because it's such a big project but it still happened.
LUNA technical Or Market sentiment #LUNA Technical Analysis:-
#LUNA 1.0 = 100% Dumped from ATH
#LUNA 2.0 = -90% Down From ATH within 13 Days.
What's TA..?
If hold $2 support then we can see $7 in Coming Days otherwise Ready for #LUNA 3.0
A lot of buyers have come to the party (Exhaustion gap + 600%)Hi everyone.
As shown in the chart, a very sizeable gap in prices is created. what might this be?
Breakaway gap: Breakaway gaps often occur early in a trend (show conviction in the new trend direction).
Runaway gap : A runaway gap is when the price opens significantly higher than the prior close in an established uptrend (S&P500).
Exhaustion gap: exhaustion gap occurs near the end of a trend (An exhaustion gap signals a reversal in trend direction).
A bullish exhaustion gap occurs near the end of a downtrend and is caused by a final group of sellers, who regret not having sold prior*
Tatget= a move equal to the size of the gap (+ 600%)
*A bearish exhaustion gap works exactly the same way but in reverse.