An 80% drop is not sci-fi. But at the end of the day, you can buy cheap XRP at 0.1 USDT and hold it to 589 USDT, as the Simpsons predicted. I am very bearish on XRP because the bears are in full control and I will tell you why in this analysis. The price is trending in a massive descending parallel channel (very bad) and the first thing we want to see is a...
I am not saying the bottom is in, but what if the bottom is in? In this analysis, I will tell you why it is possible! Everyone is extremely bearish on the stock market. There is a record of purchasing PUT options from retail investors and usually the majority is wrong. But in this case, the majority could be right. We don't know. As you can see, we have a huge...
The last analysis is still alive, and we have another confirmation of a bearish trend for gold. After the H&S pattern is completed, we could see an even bigger decline in the asset targeting the next Fibonacci level. Good luck!
The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen. The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins. It's really important to pick...
Today saw volatile, whipsawing price action in both cryptos and equity indices. BTC was no exception. As discussed in an article on September 19, 2022 at the start of this week (see link in the Primary Chart above), the US Federal Reserve Open Market Committee (FOMC) has held their September 2022 meeting on Tuesday and Wednesday this week. This meeting concluded...
Primary Chart: 11-Month Downtrend Lines, Support at June and September 2022 Lows Forming Right-Angled Triangle, Fibonacci Levels The Nasdaq 100 ( NASDAQ:NDX or NASDAQ:QQQ ) has been in a sharp downtrend nearly all year with intermittent bear rallies that have been sharp and powerful. A week ago, despite price having already fallen significantly from August 16,...
There are currently 3 options with a high probability of happening: 1) Bitcoin will crash very soon, so after that we can start an alt-season on altcoins after the crash to 13k (best option). 2) Bitcoin will go sideways for another 3 months and create a descending triangle, which will be the most boring time (you don't want it). 3) Bitcoin will go slightly...
As you know, the SPX tracks the 500 largest companies, and since it has been in a consistent downtrend since its peak, it is advisable not to open any long positions for the future until the bottom is reached. I have marked the important support and resistance being used to maintain this channel in order for you to use this chart as a bigger picture to correctly...
The situation for the stock market is really terrible. The fundamentals have never been worse in the last decade and it looks like we are going to drop even lower. We have probably started a brand new major uptrend in interest rates that can reach 15% - 20% in the near future. Also, government bonds are rising, which is deadly for the stock market. Let's be...
BINANCE:ETHUSDT COINBASE:ETHUSD Hi traders, first take a look at my previous analysis and positions. From now on by the time the price reaches the yellow lines, you can open a short position in two or three steps. If the price falls and reaches the risk-free level, you can risk-free your position. TP1-2-3-4 are on the chart. The optimum stop-loss is...
BINANCE:BTCUSDT COINBASE:BTCUSD Hi traders, first take a look at my previous analysis and positions. by the time the price is in the middle of the yellow lines, you can open a short position in two or three steps. If the price falls and reaches the risk-free level, you can risk-free your position. TP1-2-3-4 are on the chart. The optimum stop-loss is above...
LUNC now offers an amazing opportunity to sell your coins before it crashes again, which is really great! Also, you can enter a short position on the futures market to profit from this upcoming move to the downside. This chart is definitely not bullish. I see a big bearish downtrend that is in progress. The price is clearly moving in the parallel descending...
The trend is clearly descending and there is absolutely no sign of a trend reversal at this moment. The bears are extremely strong and I don't see any hope for a greater bullish price action. However, we can definitely experience a relief rally back to 21300 USDT and even break the trendline temporarily, where everyone can get caught like a deer in the...
This is the bounce off the first test of -20%ish decline. I expect a +5% move to happen fairly quickly, then a lower retest near Fed announcement, then a slow retrace to roughly -10% from ATH before the next leg down.
This pump on XRP is a bull trap to wipe out short traders before we continue lower to 0.1-0.2 USDT. Of course, you can trade XRP on the 1h chart and profit from this pump, but this analysis is on the 3D chart. There is still room to go to the upside, so for short-term traders it's definitely an opportunity, but it's very dangerous in my opinion because this...
The doges are still sleeping and we need more time to start a new uptrend, much more time than I expected previously due to fundamental changes in global economy. I belieave we will have a very nice rally after we finish this falling wedge on the daily / weekly timeframe! But for now, the bears are still powerful. The falling wedge is really beautiful, I like...
The bulls are still trapped in this descending parallel channel, so the bears are in full control and the bearish trend is intact! There is a strong possibility of another 67% drop in this particular downtrend before we see a stronger uptrend. According to my Elliott Wave analysis, an impulse wave is still not finished and we are looking for another leg...