Engulfing candle halts the bull run . The Bitcoin price is now locked into a short-term uptrend in a long-term downtrend. This is also known as a bull trap. Inexperienced traders will take the bait and start buying into the short-term trend expecting to see the price rocket... Expecting to see a heavy drop in 2-3 weeks 💪😍👍
Hello, everyone! Bitcoin is now in an established downtrend so as far as meaningful movements, we are only looking for shorts. $BTCUSD is testing a key S/R zone's lower resistance level for the second time, creating a Double Top formation. MACD Momentum somewhat supports large bear move in the hourly time frames. Expect to see price reach recent level of...
The value of the USD vs other currencies has a tendency to go fall when the crypto market goes up, and gain when the crypto market goes down. This is fairly basic knowledge, but this chart makes it easier to understand. Obviously, according to this, the DXY will continue to drop for the duration of the bull run - and as crypto grows in the future, we may never...
It took OCT 28 to DEC 22 for HAL to climb from 11 to 20+ Expect the reversal to happen even quicker, although there is no surety that $HAL retraces 11. This calls for a short, but just "HOW SHORT" is unclear. It could revisit the October lows, with COVID continually presenting new challenges to the global economy. The fact is, $USOIL had its bull run, but...
This is just a developing pre-market trend, and it thus could be aligned w/ the notion that it is reading too much into the harmonics (they lack), but if this is really the establishment of a downward channel it looks to be much sharper and nastier than ever thought previously. Again, this is a very tentative notion because we could see the market pump in 70...
$USOIL and $SPY have the same bearish looks with the notion that this top out cannot last. Oil has stagnated already (slightly upward tick but overall very "sideways"), while the S&P closed with a strong rally--and with what nearly looks like a GAP... The reversal may not happen Monday, but this trader projects it to happen by late next week or early in the...
Many traders are looking for a 30k as a price target on bitcoin, but I don't think so. Since the first bear market was very sharp and now the uptrend looks pretty much as a B Wave (too flat) I assume that there is a huge possibility for a new bear market coming (C wave). This C wave could be pretty sharp as well or just keep scrolling down very slow, so we need to...
Bearish Continuation after retest and close below previous zone for push to next zone!
BTCUSD: a) The Top in 2013 was Cycle Degree wave I at 1140. b) Few years of correction and then the cycle Degree wave III top came in Dec '17 at 19700 c) The drop from Dec'17 to Dec'18 was only wave A and the rise since then to now is wave B of the Cycle degree Wave IV. d) The cycle degree wave IV will complete with a sharp, fast and furious five legged...
BITFINEX:BTCUSD Is a 30-40% correction inevitable??? Only evident weekly support at 12-13k
So far the pair has been moving in a bearish channel. So far the market has bounced to the upside and looking to hit the upper resistance of the channel. A strong rejection will indicate a continuation of the bearish channel. A breakout will signify a reversal and the start of a new trend.
Be sure to be on the lookout this bearish movement formed in the channel and take opportunities in it. More setups will be uploaded.
This is an updated version of the multi-year topping pattern of the S&P 500 I've posted a few times now. The previous post is linked below in Related Ideas. The situation today adds to the previous update... we've continued the massive rally, extending this historic bull market even farther and poking over the megaphone top. We've recently had some downside...
After the recent bull run, many bitcoin analyst target the old time highs (20000 $). However based on my analysis, BTC is in a very important short manipulation zone. The first objective is in the 10832 $, the full potential that I give to this movement is up to the 9475 $, it could continue even lower. The risk/reward ratio's are extremely favourable.
Pretty hectic times we’re going through and in the US one of the most speculative elections in history is about to unfold and a Biden win could trigger another downfall of stocks for a little while. Using Elliot wave we know we’re in a B wave and we’re waiting for a catalyst (election or second round of corona) to cause the market to drop. Personally I believe...
CADJPY Trade Ideas ALOHA Traders! The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do. 1. CADJPY S (not in position) D - Waiting for further development before I place a live entry on this one, but it looks very rnearentry...
IHSG berpeluang melanjutkan Bear Market pasca gagal membentuk harga tertinggi baru (new high) dan melanjutkan downtrend yang dibentuknya. Sekilas, pergerakan IHSG sejauh ini mirip pergerakan diawal Market Crash 2008, hanya saja timeframe 2020 lebih panjang. Diawal kejatuhan pasar pada 2008, terlihat adanya Fake V Shape Recovery pada periode Januari - Maret 2008....
Made a quick update and not super technicaly . Didn't want to spend too much time on this. Hope you get something useful out of this. Take care