Basic Chart Details:
- Use the 50 MA
- Use the 200 MA
- Use 3 Day Chart BTC
- Fibs are confirmation of bearish trend hitting targets.
Theory
- This is a bold call. I predict the collapse of the market coming once the 3 day MA's get closer.
- Exact same scenrio happend in 2018. I hope to wrong.
- Counter arguement would be that we go on rally from this point and...
Comparing our current bear market with our previous bear market I think we may crash lower than most people are expecting. If you draw a fib circle and a trend line from the peak down to where we started to push up before our parabolic run up. You will notice in both 2014 and our current bear market the similarities are uncanny! If this plays out the same we are...
This is a zoomed in version of another chart.. We are only hours away from making contact with this blue ring which I think will cause a huge move for bitcoin. Please keep in mind this is a pretty large fib circle so there could be a delay, but i do think this blue ring is the start of some major moves.. I think with Bitfinex longs stacked the move will more than...
hello guys!
us30 there is in a long term ascending channel for sure...
but let look last recession closer:
what was conditions of last recession :
1- break down last lower low
2- fake out last lower low
3- before starting a downward movement break ma(200)
4- last lower low break ma(200) too
5- after break down drop until %45
On the other hand, what are the...
Strong Rejection from the Upper Resistance trendline Reconfirms DEscending Downtrend of Bitcoi/usdt.
Projected Support Intersection at 7,500.
Fundamental conditions are the root causes of the continuing bitcoin plunge
1 FED Rate Hikes cause strong Risk aversion of Institutionals and Investors, and rotation into Dollar Cash.
2 Continuing wave of BAnkrupcies of...
If bitcoin price continues to follow down the thick yellow rings and we drop below red ring with red arrow pointing to it then expect a big drop. Two rings back we had a drop when we crossed white ring from the same fib circle and broke support of red ring. Same thing could play out again if drop below last red ring. Longs are stacked while shorts have dropped...
Eth is really weak now and we can see we got rejected by resis and moved to the support in few seconds... We could see bearish reversal and drop to 1500 really soon be ready and open short around 1616-1630
Since last year I haven't seen the $META chart, a few minutes ago I saw the earnings report and I was interested to see how the stock was doing.
Surprise! Since last year I knew the stock was going to drop, just having seen the MA21 was something more than obvious
Sometimes the Fateful Watershed-Momenet IS CLEARLY VISIBLE.
Well, such moment is Now - the RATE OF Price FAll of Bitcoin becomes Faster.
The DEcline of the Trendline Visibly STEEPER
Gold Futures is looking bearish for the rest of today and tomorrow. It is possible we see a bounce up at 1682 but it is unlikely.
This is not financial advice.
Remember to DYOR!
this is wyckoff accumulation pattern on bitcoin chart. and in my plan the price gonna drop to 15350 on phemex chart. on binance perp chart its 15298. and then we'll have a great bull season... but we'll see.
BTC is showing a pattern which is similar to May June increase before significant drop. 10k$ is still possible for BTC. If BTC can break the diagonal resistance we have a bullish momentum.
The Bitcoin Price Action is confirming UNRELENTING DROPPING TREND.
Even the a ARTIFICIAL Pumping up on Saturday cannot change the DELEVERAGING PROCESS.
The Institutionals are DELEVERAGING in RAPID sequence of LARGE SELLOFFS.
All the rest are FORCED TO SELL by these Institutional sellofs - in particular, THE MINERS are DUMPING their product, before it...
This formula simply states what it states.
You get 4 consecutive wicks: look for a drop after the 4th one.
As Snipers we build every strategy upon prior price action, structure, and how that particular pair moves.
This set up presents itself daily.
Let's see how this DROP pans out.
As always never over leverage.
Trust your trade set up.
Have FUN!!!!
I AM...
Bitcoin price analysis is bearish today as we have seen a failure to continue higher after a short push above the $21,500 previous major resistance. Since BTC/USD has already moved lower and set a lower local high, we expect another drop to follow. The next target should be the $20,000 previous support.
The market has traded in the red over the last 24 hours....
According to market signs, buyers are still reluctant to buy at this price, and today could be an opportunity for the bulls to try to push the price above $23,000, but I do not think sellers will allow this price to pass.
Start buying from below $16,000 to $9,000, increase the purchase amount at each stage of the fall.
