Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my...
Earlier this week I already posted on the S&P 500 - “A word of warning”. Today is no different. Although, the DAX shows a maybe even worse picture. And I am actually absolute not a "perma-bear"...
1) If you look at the red resistance line, drawn from the 2003 top through the 2007 market top & from there on you see that the 2015 top could have been called at the...
I hope we all had set ourselves enough of a stop or you just got liquidated. BTC just dumped like a crazy poopcannon ;).
Hold on, don't panic sell, this is just a shake out. RSI and Stoch are pointing to a reversal but we may have another leg down yet before we head back up.
IF you are not in, might be worth waiting and if you were me , I ladder in some more...
Mates,
The bear main argument towards a long term bear market is "It kinda looks similar".
As you can see on this chart "It kinda doesn't".
Nothing more to add about that, it's crystal clear that argument is BAD.
The only good arguments for bears I can find is that we are still in the downtrend channel, and we might have no seen a capitulation selling...
Looks to me xrp is trending downwards, we had a similar situation when 2 weeks ago xrp was trending at an average of 1.07 +- with not much upper or lower movement, this looks like the same case, not much strength to push up above the new upper support line, once it breaks on the new lower support line i can see it heading south, might it $0.50 very quickly this...
Is a market crash coming ? Rarely, in the last 30 years, have we had a US market price action (SP500) that similar to the days preceding the 1987 crash.
There is no certainty that history will repeat but it might useful to consider that it is at least a similar technical setup.
Time to be cautious on the long side, as long we don't make new highs.
We went up - very much. This provided big or small (if you're bad like me) profits.
Now we touched the upper trendline from the falling wedge and rejected it. We might go test it again later, but right now we got a reversal candle on the daily, and are dropping very fast from that resistance.
I opened a margin short on ETH 1 hour ago on my secondary account on...
BTC has hit its peak, and is now heading down. I expect it'll get to about 5k before it finds bottom again. I don't see any reason it would make any sort of significant rebound, as there's not a whole lot that gives it value, as I have said in previous posts.
Comment below if you agree/disagree.
Another 2000 more point drop will confirm a strong bear. Within a short span of time it is called a crash.Within a longer span of time, it is called a bear.
There is an opportunity to buy all cryptos for a lower price then the last weeks, maybe not ETC but all other.
In the BTC Coinbase 45 min view is a Shoulder Head Shoulder Pattern , yesterday evening i saw this SHS at the purple resistance line, but wasn´t sure if there is maybe a higher high, but wasnt.
Let us see what happening.
Now, I am no pro in any mean. Although I've been into crypto for nearly 3 years now, I only got into trading a couple of months ago before the run for 19k. I feel I learnt a lot from this crash, correction or whatever you wanna call it. This is what I'm feeling. The over confidence, the positive ideas and charts and the "UP UP UP" makes me think we're going down...
So far, the resemblances between the NASDAQ crash and the current Bitcoin crash are numerous:
- Disruptive technology in a speculative bubble.
- Typical bubble burst double top crash (other charts very similar are the Dow Jones crash of 1929, or the uranium chart more recently)
- Ocean of worthless copycats coins based on blockchain technology, surfing on the...
First off, I'll say what I did during this huge correction from the Dow Jones. After it started to falter after breaking 26,000, I started to get nervous, and was ready to pull out. I just had one holding at the time, AIEQ. If I hadn't had so much faith in Watson, I would've got out earlier than I did (Friday morning), but I soon realized my faith was misplaced...
