The bear market is really powerful and steep. It appears that with this speed we will definitely hit 13k next month, or the price may print a triangle before another leg down! The dollar is extremely strong and everyone is escaping to cash because cash is king? I don't know, you tell me. Bonds are rising and so are interest rates. I am pretty confident we...
The bubble has popped, but now for real! We can reach 3000 USD next year without any problem because this exponential growth in bitcoin is over. As you can see on the chart, we had a very nice parabolic uptrend, but nothing lasts forever, and it's not sustainable to hold this curve. We need to cool down for a few years so we can start a new uptrend (wave 3) in...
On the weekly chart, gold is very close to a massive crash. I think the bulls have no power here and I don't even want to see a huge red candle. As you can see on the chart, there is a rectangle consolidation pattern with multiple touchpoints and also an ascending parallel channel that is currently breaking down! Next target is 1370 USD, and I think we will...
GOOG is in a textbook bear flag and appears to be on the brink of breaking down. There's potential for a big move down to around $80.
Hmm, the situation is grave indeed. Maybe a change of plan is needed! On the daily chart we can clearly see an ascending channel or maybe a bear flag , but I prefer the channel. Ascending channels are bearish patterns, and this channel is very close to a breakout. This is a bullish Elliott Wave count, and we need to complete an ABC correction to start a third...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Posted a BTC update a few days back when BTC is trading around $22k and told you that this whole bullish move might be a retest (Link given below). When everyone is extremely bullish and telling $30k by the end of this month. I told you that this whole move might be a retest....
The bears are in full control of this downtrend. We are still below the 20 weekly moving average and the bear flag is definitely broken and retested. This is not looking good for the SOL coin at all. This structure looks incomplete and we need another leg downward to complete a beautiful impulsive wave. Solana started with a strong impulse wave in 2020, which...
You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year! Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party. The market structure is insanely bearish and we have a descending triangle on the daily chart that will break...
Another bear flag - BTCUSD - Possible move down between18,000 and 17,500k
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this Total M.cap update. Personally, I'm not a bear. I enjoyed more in the green market. I'm happy if this chart will invalidate but we have to be cautious until things look better. Now let's get to the chart. Total M.cap is currently trading above the $1T level....
We are in the middle of the crypto bear market. Altcoins like SHIB, ADA, XRP, SOL, DOT, and LINK are going to crash hard. You really don't want to buy these coins at this moment. I think Shiba doesn't deserve to be ranked at #13 on Coinmarketcap with this terrible price action. Yes, we had a massive pump that lasted only 30 days in 2021, but now we've been...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is continuously pumping from the $18.5k level and currently trading above the $21.6k level. After posting this chart many of you guys don't like this but as a trader, we have to be aware of every possible scenario and I'm just sharing my idea...
#BTC/USDT $BTC broke down from 4h and daily ascending channels. and drop almost as high as the bearish flag pattern. 🐻 as the broke of daily channel has confirmed so daily channel as a bearish flag can drop price toward $10k and $8k. but maybe till the end of this week there will be another sideways move between lower lines of daily and weekly channels. 🐻🐻...
Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards. As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap. Keep in mind that...
With a bearish flag forming on the 1D timeframe and RSI at ~95, it is looking likely that ETH may drop back towards $1420 and $1275 levels should price drop out of the bearish flag formation. Not financial advice
Following a retracement inside a long-term downtrend, the GBP/USD daily chart has formed a bearish flag pattern. It offers a bearish trading opportunity on a definite breakout. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1.14737). My potential stop-loss level is marked with the red line...
Entry parameter ; 1. Supply zone 2. Break support trendline of bearish flag pattern 3. Fibo 61.8 4. OB H4 Entry Sell = 1790 SL = 1810 TP1 = 1757 TP2 = 1715 RR1 = 1 : 3.42 RR2 = 1 : 6.92
#XRP/USDT $XRP is trading inside ascending channel and price is above lower zone of this channel. 🐮 breaking out from resistance zone of $0.34 will increase price to upper resistance zone which is the same with middle zone of the channel. 🐻 break down from lower zone of channel will active bearish flag pattern and possible to drop price to support zone around...