Swing shorting this FOMO right here... Carl Ichan is about to get royally fucked!
Another warning sign in crypto markets is $btc doing corrections within corrections during "price-discovery" bull runs, while previously it only did so while consolidating below previous ath's... this suggests the "discovery" is likely done for the time being! correction within correction circled pink, below previous ath's in the 1200's
We have a nice confluence of the very long term rising channel, the previous medium term falling channel and the 144 weekly Ma. Since this is crypto never discard such moves, though one might want to start looking for scaling into longs before such low prices, given certain conditions...
bitcoin doing what it does best: tricking bull and bear alike!
title says it all... 1. this is a time to sell, not to buy... there's no offer here... sell all spot and, if willing to short, use cme or cfd contract, or some crypto broker that allow you to use stable coin (bewary of some "stable" coins)... 2 accumulate in 900-450 range. 3 forget about it for a few years.
wait for tag of trendline or scale in short below... stops above 1st high... Price is above 200 day ma, this is a counter trend trade, so better to start small and add along if it works. targets shown below... beware of 200d ma , and how it behaves 'round there to access the trade's probabilities.
Just a crab... not a blind short call, still been wary of a correction to come soon, as long as these recent highs not taken meaningfully the potential for a dive (and likely a fast one is here).
came back up to the .886 where it got rejected... expect some chop around the trendline (white) before breaking next fib and heading to the .618 eventually.
If this was a parabolic trend it needs to build a "base 4", ideally in the mid zone towards the next level (c.a 5k) before a blow off top above the channel to complete the parabola. NOTE: it may well NOT BE a parabolic trend and just a compounding market staying in channel for much longer. This is not a "long here right now"... but a long term bullish context...
This is a scenario I don't put too much faith in right now, as the bullish momentum seems completely unabated... but as we all know, markets can be tricky and fast in the face of complacence and leverage... so, in case an "event" (like ark blowing up or something of the likes) could bring spy to retest the early fall breakout 358/353ish making it the BTD...
expecting a local top next week around 4255/85 , then one more leg up, probably one last pullback and then the first vertical move which should allow for some kind of "crash" and retrace 115/135% of the whole move! do not take this price prediction, rather as pace of movements!
closing 4h above 3430 likely invalidates the patern... otherwise look for this H&S to complete soon! daily money flow seems to have topped as well (not seen in this houlry chart)
$eth spike and channel targeting about 980 or previous "bullish breakout" retest.
eth should stall just above 3000, for a while at least
We are nearing a third red month on Ndx... is it ready for another march 2020 like crash? This is not a call! Just never say never! :D
Price to Book ratio Cup & Handle formation might be telling just that...