There are 3 charts of the BTC/USD Index where you can see 200 days EMA - blue line (moving average exponential) and 365 days EMA - black line. In all three scenarios, we can see the crossover of both EMAs which means to be a very strong bearish signal.
In 2015 after the beginning of the second BTC bear market in DEC 2013, we got an 85% drop-down in the price and...
Before I went to sleep I was thinking about this.. before this I was hoping for a pullback to 36k area (which is almost done even in this scenario) and then downtrend to 23k.. it is also on the golden zone fibo.
Let me know what you think.
Every investor should ask themselves, are we in store for the usually 20-30% correction?
Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009?
Or the Dot Com bubble during in 2001-2002?
I have the most recent corrections in history highlighted, their reasons listed.
> It is clear that the current situation...
This is just pure observation. Is it me or is BINANCE:LUNAUSDT following along with BINANCE:BTCUSDT ??
As im expecting BITCOIN to drop to the high 20ks are we likely to see LUNA more than halve in value or to possibly even get down to the 40s before we get the start of the next big run.
Just a thought. Let me know what you think..
I think people will shop btc at 60k .People will look for pullback and no pullback there for shopping of btc and alts.
For Pullback we can consider 45k level or worst case scenario 42k.If btc below than may be a big bear run ahead
The DJI has been reinflated from after the COVID crash, by 'cheap' money coming out of reckless monetary and fiscal policy.
The value of the market has been over-inflated by some 15 times its true value.
Fundamentals are almost never seen in charts like these - which only show 'price' (not value).
A man-made 'virus' called war, looms. Not to mention - which...
On weekly chart,
- Negative signal RSI, BTC need a positive divergence signal.
RSI < 50, BITSTAMP:BTCUSD down in range 70-80% from ATHs.
Right now, BTC just downed more 50%. So it's done? Maybe not yet.
But when zoom in
BTC has been downing more 35K equivalent to previous times. If the decreasing has done, BTC comes back to the race go up to...
Could we see SPY repeat itself in the coming months? Near identical daily gain/loss patterns between now and just before the financial crisis crash. This would set the scene almost perfectly for SPY's inevitable run to 500 before a complete potential collapse.
The past few Weeks were pretty hard and boring for Bitcoin. It's far from funny to watch the Charts at this current moment. I KNOW!
Still, I think there are some things to consider and look out for. Foremost, Bitcoin still is heavy correlated to the traditional Markets, like it was observable yesterday (DJI, SPX, NDX). The Markets are driven by Fear, you can't...
BINANCE:BNBPERP has knocked on this zone twice in recent history.
Using no indicators and just very rudimental historic data would suggest it to be rejected at least one time before coming in for the crucial test of resistance.
Up or down after that is a different matter, I'm just suggesting to keep an eye on this zone.
This super extended momentum from 2009 low has the potential to reach 5,000 levels.
From 1990 to 2009, there were two major corrections ranging from 50 to 60 percent from its high. And from 2009 to 2020 and up to the present, there have been about 10 to 35 percent correction to form this impulsive wave. Assuming the SPX500 will reach 5,000 levels or 650 percent...
I think this chart speaks for itself. Bitcoin has broken out of a descending channel, which not only is it textbook bullish; it looks to be repeating the last breakout move at the end of September. From the beginning of October to now, it had repeated the move from July to early September almost exactly. The Fear and Greed levels on the 12HR havent been this...
Hello world. I think BITCOIN can reach 120,000$ or 160,000$.
A repetitive behavior is seen in history. The head and shoulders are reversed and the neckline is broken and it is possible for it to move upwards again after retracement move! The lowest support area can be between 52,000$ and 53,000$.
This is a personal opinion. If that's happening, it's wonderful! Do...
Greetings,
In the chart you will see the slogan "history repeats itself" depicted on the price of BTC/USDT.
Bulls are taking profits since the second pump of the price of the mother of cryptocurrencies.
This is taking the price downwards but that doesn't need to scare us.
The second wave is incoming as the bulls are accumulating while the bears are selling.
This...
Almost exactly one year ago the 50 day crossed below the 200 day. Shortly after the price skyrocketed on earnings. Will history repeat itself or is it going to be a nursery rhyme that ends with our hero being devoured by a bear?
Those that don’t know teach, and those that don’t know technical analysis use the esoteric approach.
It's easy to get caught up in the daily/hourly movement and forget to zoom out. This fib channel lines up pretty nicely with resistance and supports. Lets see how it plays out.
