We stated that since the price broke below the 200MA, that we entered and have remained in a bear market. And during bear trends, the market tends to zig zag along the way with strong downside pushes... Right now, the price is heading up to retest the most recent resistance. This is normally, where traders and retail traders will buy in and believe the market...
The market peaked in a rising wedge pattern completing leg V of a major contracting triangle. Price action ahead is about to drop in a bearish impulse wave.
Hypothetical scenario for the price action based on a possible wave count aiming demand zones and important levels to watch during the expected price decrease.
Impulse downward scenario up-to-date. As expected by the last bearish analysis, CZ coin is heading down to fall @ demand zones after a Head and Shoulders breakdown. Pullback to neckline accomplished.
BNBUSDT up-to-date. 222 USDT is on the table for this asset. CZ coin is about to drop to fil the most profitable leg downward to draw this beautiful pattern on an increase of confidence by the bear side, aiming the great demand for the bottom zone.
BNBUSDT is heading a potential downward leg to complete iv-wave of this channel. On the 4H chart we can see a strong bearish correlation between the price action and Chaikin Money Flow bearish divergence, in which we have a c-wave failure case. The next demand zone is confluent with the Fibonacci retracement projection.
BTCUSDT just made a peak accomplishing the wave B, likely starting a impulse wave inner the next wave C downward. On Chaikin Money Flow we can see a hidden bearish divergence on this daily chart. Overbought condition on ESCGO_LB suggesting that a bearish leg is coming to close the week. I'm expecting a drop to the 20k demand zone region to finish this minor A-B-C...
BTCUSDT is trading in a ZIG-ZAG channeling formation, in which the actual price action is about to reverse from a micro A-B-C-D-E triangle to fill this parallel channel with the final bearish impulse wave.
Inversed Cup and Handle is a very strong bearish reversal pattern. I should have noticed earlier, but I do my own analysis and was looking for something else while this cup was being spilled in my lap. Why am I posting this late, then? Well, there is one crucial thing left on this chart. And that is that this pattern has a target price target of 27600, which is...
• SPX is in a bearish trend as it has triggered a bearish pivot point at 4,060, making a lower high/low, and is below the 21 ema; • Now, the 21 ema and 4,060 are resistance levels. However, talking short term, the 4,015 (red line) is doing a competent job holding the price; • Therefore, there are many resistance levels on the SPX, and it will not be easy for it to...
BTCUSDT monthly w/ Ehlers Even Better Sinewave oscillator. BTCUSDT is in a massive selling pressure, big SOW in dump with my intraday 14.6% Fibonacci retracement target in play. My speculated target for a bearmarket 2-month swing is on chart.
The trend is showing a rapid decline in capital store in BTC, and if nothing changes is very likely that BTC will finish this trend back to the all time trend line. The area of interest is around 10k for a 'possible' floor where prices could stabilize, however, bottoms and tops prediction is illusive as the end of a rainbow. After watching the latest devastating...
The bear trend is clear, and is here to stay IMO for couple years. Nothing to indicate otherwise specially with all the negative data coming from the economy and geo-political landscape lately.
For those that still don't understand what is going on, we are in a Bear market for a while, and it seems that this trend will continue for sometime, perhaps years.
• META is still in a very strong bear trend, doing lower highs/lows in the short and mid-term; • So far, there’s not a single bullish sign of structure that could help META. Although there’s no perspective of a reversal, we must keep some key points in mind; • First, is the $96.37, the black seen in the 1H and D charts above. If, by any means, META reacts and...
• AMD is clearly bearish, doing lower highs/lows, and there’s no technical evidence it’ll recover or reverse; • Since it lost the support at $73 (black line), it is heading to the $59 (red line), which is the next support level/target; • If AMD reacts and performs a positive candlestick in the weekly chart, it might bounce back up to the $73 area, or even to the...
The total current evaluation for Ethereum is a massive bear. Yes, you are reading that right, it is a complete breakdown of a confirmed rising wedge on the daily and you know what that means? This means that the price will now go back to where it originally started. Please be mindful of longing anything right now as we do not have any confirmations on any...
🔸️Ticker Symbol: BAC 🔸️Timeframe: 4 Hour 🔸️Bear Pattern 🔸️Investment Strategy: Short TECHNICAL ANALYSIS: $BAC on the 4H timeframe is trading in a neutral regression trend. When we are trading sideways, I like to look at the bottom dashboard to get a better feel for potential market direction. The white line which represents "money momentum" we can tell is in the...