Bitcoin Imminent 2D Death Cross🔴The Bitcoin 2-day chart is approaching a death cross in the coming days.
While volatility has remained relatively stagnant since price retested the Weekly 100 EMA (around 85k🎯) in late November, it may spike as the death cross forms. The key support level to watch is a break below that W100 EMA, which would likely target the April lows of 77k-74k🎯.
🔵The next major resistance upon finding support is the Weekly 21 EMA, currently in the 100k-103k🎯 zone (In confluence with the 2D death cross zone
Bearmarketrally
Bitcoin's Resilience Amidst Bear Market: A Technical Outlook 📊"DISCLAIMER!! This is a 'worst-case' scenario/theory which is still bullish. Bitcoin also has a "monthly bearish-divergence on monthly, which would be the first time this has printed on the Bitcoin: INDEX chart. Also there are other variables such as black-swans/wars, CME-GAP, Declining volume on this whole 'rally' up. Also the first time Bitcoin has made a new all-time-high before a halving.(Blackrock-manipulation(prolonging bear-market-rally) ""
"My current theoretical analysis suggests Bitco
Many ominous signs are showing up on Bitcoin’s chartIn the previous article about Bitcoin, we discussed how there was no significant uptick in the number of Bitcoin addresses with large balances (particularly among wallets exceeding 100 BTC and 1,000 BTC), suggesting big speculators might not be interested in buying the dip this time. Nevertheless, despite a further drop in the price (since the last article), the number of Bitcoin addresses with balances exceeding 100 BTC fell almost to the level that preceded the rally’s start in mid-October 202
JSE Bear Market Rally before the fall to 61,403It's clear that we've had the 1 year anticipated breakout.
And it's down.
Right now, we are having a slight rally which is known as a Bear Market Rally or a Dead Cat Bounce.
The price can go up a day or two but the resistance level will most likely hold. And this will cause the next down leg with the ALSI...
First target will be around 61,403
$ES_F Long, possible dead cat bounce?The market has transitioned back into a more mean-rev phase so I dont expect bull rallies to survive for long. Also shorts are likely to be more profitable since trend following indi's have printed bearish. But use this long to capitalize on a dead cat bounce that could happen. Im not sure that it'll go up to close the gap at 4590.
Trades:
Trade 1
Long 4400, sl 4370, tp 4460, 4470 (close).
moderate conviction. im more confident of getting initial negative returns upon entry given the lack of b
QQQ Approaching 0.382 retrace, likely topTechnicals: Each of the previous bear-market-rallies ended near the 0.382 retrace from previous peak. This is the biggest one yet and it is approaching the 0.382 retrace of the All-Time-High. I suspect we'll hit or slightly surpass 349.71 and then the next downtrend will begin.
Fundamentals: PCE came in higher than the previous reading. The FED is not done tightening.
BTC volume profile orderblocks On the left side of the chart we have areas of significant volume that pose as problems or areas of potential congestion for BTC as it climbs back up towards new highs. These areas are bearish orderblocks and we can generally expect price to react in a bearish manner off them. Once price gets above and consolidates it becomes new support. As shown by the green areas that we have reclaimed during this rally that started at the beginning of 2023.
The POC (point of control) for both the bearish d
$BTC and its bear market rally.It's a bear market rally.
But first, where are we in CRYPTOCAP:BTC 's wave cycles?
Cycle wave V underway, cycle wave IV completed.
With these wave counts, we can validate that we have already seen the bottom.
Rejoice!
Looking deeper into its primary wave counts and its fractals..
Ongoing: Primary wave ① > Intermediate wave (4) > Minor wave ⓑ
I slant towards these wave counts as I see strong and clear counter-trending wave movements.
Counter-trending waves tend to fluctuate (violent mo
BTC - Head & Shoulders pattern forming! Upon observation of the price chart, it appears that a head and shoulders formation has materialized, indicating the potential for a downward move if the neckline is breached. The neckline is currently positioned at 29.8k, and it is prudent to monitor this level closely in the event of a break below it, which could trigger a move down to the support zone.
(Update from the previous post!)
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Recent Altcoin trades:
ARB / USDT: 5% profit
APE / USDT: 7
BTC - A very hard market to predict!Here's a quick look at the 8 hr BTC chart. As we can see, the price has been oscillating within the bigger broadening wedge. This kind of price action is tough to predict. The CPI data came in low at 6.0%, which pumped the whole market.
With a series of lower lows and higher highs, the bulls and bears are getting rekt simultaneously!
If the price stays within the broadening wedge, the next logical move would be to the downside! But you never know!
Also, the fair value gaps will get filled at so
$SPY Similar action to September 2022 rally pausing at 30 day MA$SPY Similar action to September 2022 rally pausing at 30 day MA
With volatility crushed today and CPI / FOMC around the corner, I like to start building back short positions here. Bullish case for a SPY gap fill in the 420's but hard to see in current macro, technicals are strong however
EURUSD bagged and taggedAs mentioned before, so long as DXY has not reach the finishing line, which is the higher time frame upside objective,
Risk Off will still be in play.
Same narrative, different pair.
What happens when DXY finally gets to the upside objective? We sit sideline and study what it wants to do next.
There are only 3 possible direction of the market, Bullish / Bearish / Consolidation.
Usually, in my opinion, after a prolonged rally / decline, price will tend to consolidate for a bit.
After consolidat
$SPY: Bear market rally toppedIt sure seems like this is about to drop, intraday data is very bearish here, daily can confirm a reversal tomorrow, and we had the classic moving average crossover normies look at to determine the trend, at the highest close! (50 period moving average crossed over the 200 period moving average).
I suspect the brief period of upside swings in various names is coming to an end and cash will be King again. Optimism from advances in AI chatbots and China reopening its economy have caused a surge in
If BTC really goes to 12k, we are F****DThis looks really bad now. I thought that we would enter a Wyckoff Accumulation pattern, but Bitcoin's continued weakness let's me fear for a worst-case scenario.
There is still time and we could get lucky for a Wyckoff pattern, but should BTC really go lower, it is likely that we would visit the 12k area.
Many people would then think: Awesome, cheap coins ! This is excellent ! I will buy cheap coins and then Bitcoin will make new All-time highs after the next halving.
But wait !
From a tec
November Midterms + Bear Market Rally I believe we'll see a ferocious rally that will shock everyone and make everyone bullish again - but this will just be a bear market rally (this is my thinking unless we break below 800B)
There is still a very good chance we continue down towards 500B MC and sit there for the next 12-18 months but I am not leaning too heavily on the short side at the moment.
The democrats need something on their side, they don't have the market - everything comes down to whether they raise rates at the next
MA: End of bearmarket rally?!Mastercard
Intraday - We look to Sell a break of 338.10 (stop at 362.71)
The primary trend remains bearish. Trading within the Wedge formation. A move higher faces tough resistance and we remain cautious on upside potential. Further downside is expected. A clear break of 338.10 and we would look for further gains to 276.50.
Our profit targets will be 276.50 and 260.00
Resistance: 343.00 / 380.00 / 420.00
Support: 280.00 / 230.00 / 160.00
Please be advised that the information present
BRK.B: Resistance cluster ahead!Berkshire Hathaway B
Intraday - We look to Sell at 311.03 (stop at 321.83)
Sentiment remains negative despite the pull-back higher in prices. Resistance is located at 311.00 and should cap gains to this area. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies.
Our profit targets will be 283.95 and 270.00
Resistance: 311.00 / 340.00 / 360.00
Support: 280.00 / 260.00 / 240.00
Please be advised that the information presented on TradingView is provid
SP500 CASH - Another Bear market Rally??SP:SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time.
But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December.
If we get there earlier and go through 4200 then a major low could be in and we head to new ATHs again.
The FED is in there again giving us the higher interest rate story but helping the market at the same time.
This i
RCUS:Bullish continuation!Arcus Biosciences
Short Term - We look to Buy at 27.75 (stop at 25.94)
Daily signals are bullish. A weaker opening is expected to challenge bullish resolve. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Further upside is expected although we prefer to buy into dips close to the 27.00 level.
Our profit targets will be 32.77 and 34.00
Resistance: 32.80 / 40.00 / 47.00
Support: 27.00 / 17.50
Please be advised that the information presented on Tra
Bitcoin Bullish or BearishMany people want to trade BTC, claiming that it's headed to 10k or that a relief rally to 30k will come. There is no edge, no implied strength, and even not that much weakness, a trade in either direction with a stop loss will probably get wiped out.
However, if one was to look at the chart there are a few things that are evident:
- Bullish divergence developing after a failed breakdown and bearish divergence that played out in a very weak manner.
- Three consecutive marginal lower lows hold























