Make it or break it moment is right here. 40k+ breaks channel or 9k if failure here. Just like the old-school game of pong, once that ball bounces at the top and doesn't break whatever it touched, it goes in the other direction. Bitcoin doesn't break up here, it breaks down to Goblin-town aka bottom of channel in blue.
😱OVER $1B REKT! Turbulence engulfs the market today as Bitcoin shatters critical support thresholds, unleashing reverberations that resonate throughout the entire financial landscape. This precipitous decline coincides with the revelation of Chinese real estate giant Evergrande's Chapter 15 Bankruptcy filing in a U.S. court—a development that has sent shockwaves...
Once upon a twisted time, amidst the treacherous slopes of Mount Everest, a sinister dance unfolded. Bulls, mighty and majestic, grazed unaware, their strength luring the attention of greedy bears. With cunning precision, the bears ambushed their prey, leaving behind a trail of shattered dreams and broken horns. As the chaos ensued, moonboys in wheelchairs...
Pretty simple graph. I have been looking through my crypto hodlings trying to see which ones may survive the upcoming bear winter. It basically comes down to who is holding up against BTC since everything usd related is getting smoked. Nexo has a nice graph with a bounce of the 100 week. My only real fear is Nexo adjusting its APY rates in the light of the bear...
The technicals are practically writing the news themselves . . ChatGPT in the HOUSE!?!? . . maybe ; I'm not gonna get into a lot of detail but Bitty CME has a sick bottom gap that HAS to fill, eventually and as Bitty goes so goes the rest of 'em. I plotted a possible entry / firesale level buy op about two weeks before this ridonculus pomp and then watched the...
Another big disappointment for the JUNO community today. The latest in a string of major failures for the chain stemming back to early 2022. A single poorly coded app was able to affect the entire ecosystem and almost knocked it off line. I think JUNO will make new lows even while BTC, ATOM, and the rest of the crypto market do not.
Becare Bulls, could be a reversal pattern on the daily here.
Principles of Rektology by (Dr. Dumpeet Harder, 2021) suggests an 80% pullback for any given crypto pump cycle.
who said market was a fair game? rip to the moon boys...
FTX going bankrupt is good for bitcoin bro. My counterparty was involved with FTX too. Bullish! WAGMI.
Every recession has resulted in liquidity issues. The prior two resulted in treasury market illiquidity through bank runs. The treasury market is the largest and most liquid market in the world. I'm sure Tether will be fine though...
all indicators are very bad, since the ATH dump is huge -40% per phase, we will see BTC $13k
The return of risk-off.. Biden and Xi will be desperate to drag the dollar back down. Equities will follow. When currency interventions aren't enough, they bring in the big guns.
If the dow jones rips through this support grab your balls tight
The most likely scenario is that we will se a gap towards the resistance and with it BTC will fall. Eventually, if we hold the blue line we can continue the trend to the upside. If we break through then we might see a very bearish market. Do you think recession is in?
INVERESE adam&eve bearish pattern spoted on ETH chart . This is on weekly time frame ,which could send ETH easily into a bear market. Target1 : 1600-1700ish usd/eth Target2: 1300ish Target3: 700ish Bear market bottom : anywhere between 240-400usd/ one eth Invalidation: at this point every bounce under ATH is just a dead cat bounce , I think target1 is a given...
Hi Traders and HODLers.... If you ask yourself how low could BTC Fall during this correction ? Well .. it all depends if you believe to EW counts and Fibonacci extensions. This EW Count shows my expectation of FreeFall back down to 11K zone in case of A:C 1:1 Extension. Right now Bitcoin is fighting for most iportant levels. If he fails. We could finish in...