Bull-market pricing in a bear market The S&P 500 is currently priced like we're still in the 10-year bear market. We're well above the 10-year upward-sloping trend line, and we also ended today right on top of the 50-month moving average. We're also well above the 2019 lows. This probably isn't sustainable, however, because just about all the analysts agree that...
What most people are overlooking is the 2011 market decline. I think we're going to see a sequential bottom with an undercut of the prior low. It happened in 1974 in which there was an Oct. low with a subsequent Dec. low. It happened in 1980 with the bunker hunt decline, in 2001, in 2008-9. Point is we historically have had secondary tests. This death cross of...
Gents this is mi idea for Bitcoin... We still Don't have volume and I Don't see any reason to see the price higher. If you see my previous post, It was obvious. Regards
Beware of traps. For me the market reset levels are around 3.8-4k USD. I don't think that in so few days bitcoin could have recapitalized in such a way as to start a bull run. Although excellent for daily trading, they do not seem to me the most suitable opportunity to enter long-term.
Closed below the downtrend. Several weekly and monthly levels have been already tested before. If we close above the downtrend in the coming week, expect the price to reach the untested weekly levels. Massive fiscal stimulus over the weekend and the Dow closing on the green on Friday might keep the Bears down earlier in the week, but the bad news and the panic...
Hey Altsignals Members, as update for the last swing trade in our BitMex channel and public one, we need to make some quick and small updates. 1/ Price perfectly bounce around our entry zone and 0.5 fibonacci level. 2/ We're above 400% profits if u take an entry below the 8600 level (Signal was sent at 8540) 3/ On the hourly chart we're trying to break a...
RVN HAS BULLISH HARMONIC CRAB PATTERN . LET'S SEE WILL WE CATCH THE TARGET PRICES?
Hey there, so this is a pretty important post right here. Leave a like, commend and share this post! Also follow me, if you don't want to miss out! As many of you migh already know, we had the cross (golden cross) of the 200 and 50 MA on the daily chart coming and it happened today. More or less surprisingly, we saw the price ralley strongly to the upside. We...
To me 3 things are obvious: 1. The latest BTC spike is abnormal. It occurred for no apparent reason and coincided with bitfinex maintenance. 2. The spike came at a time when bulls are losing steam and someone could argue that it looks like a BIG FLASHING NEON SIGN urging them to re-enter the race. 3. Nothing defies nature's laws, and what goes up will come...
After a parabolic bull run, major corrections always begin with failure to meet all time highs after a dip. Not going to establish bear targets until I get more confirmation that this now a bear market. Lots of potential fear and uncertainty coming from the FTC and China would could trigger a sell off to lock in profits from investors.
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I see this going to the 9.5k-12k range with SHORT entry around 11050 - 11500. Then dumping to 5.8k - 3.5k range with LONG entry around 4700 - 4250 before the halving. Then on to break the ATH by end of the year.
This is the superbowl for bitcoin. Will it close in the Weekly cloud @ ~8500? Will the TD Sequential close with a green 2 well above a green 1? Will the price find support on the .5 Fib line also right at ~8500? Will the price close above the downtrend line created by the wicks from 13.8k and 10.5k? In my opinion, the Bulls executed this move too early -- they...
Most of you who've been following my market weekly analysis (Also my fav' TF since it ignores all the news in the background) for the past few months know how I like chaotic messy rainbow colored charts ^_^ but also that I been super bearish since top to bottom =D I love to see many basic but important TA/PA elements on my charts and thus I have to break it into...
Bias: Bullish. After a strong breakout on the 13th Dec 2019, the next 3 trading days saw the price experiencing retracement with 3 black crow candles formation. #bulltrap Stop-loss: 0.830 // This stop-loss point is really tight; please manage your risk expectations. Previous swing high and 50% price retracement zone. 1st target: 0.950 // Previous high as...
The chart is showing up 200EMA indicator . This idea displays an unavoidable scenario which bulls are doing their best to stop it. BTC will drop to $5000 in the following weeks (2). On the other hand the volume is decreasing, which supports the idea about sideway trading = further price crash . Open shorts whenever you got a profit (even if that's less...