TradingJoker_

TradingJoker_

Looking on the weekly chart of the Total Crypto Market Cap, I expect crypto to fall further. I suspect that bitcoin will reach its bottom before many alts as it happened in 2018. Once the total Market cap reaches 300-400B a bottom is likely in for the crypto space.

TradingJoker_ Updated 

$NQ Wyckoff Redistribution Schematic on the daily chart!💥📉 Pattern Confirmation: price breaks and holds below 11650 $nasdaq has also rejected off the 20w SMA, 21w EMA ⚠️ Looks like a potential start of the next leg down.

TradingJoker_ Updated 

If XRP repeats the price action from the last bear market then we could see retesting 2020 lows and maybe even sweeping the low. Applied the fractal to the chart. We are here at the highs seeing similarities in (cyclic) RSI and supertrend retest.

TradingJoker_

MicroStrategy is under immense stress with declining Bitcoin price. At BTC $13,961, MSTR firm equity is zero!

TradingJoker_

If ETH gets back into the long range we had for the last weeks, then this confirms the push being deviated back below and structurally a Wyckoff Redistribution Schematic. I would look for a short like entry ~ $1445 and SL last high currently ~ $1555 and Target around ~ $1000 level

TradingJoker_

We are currently seeing a pattern which happened in the 1929 and 1987 crashes. The idea is based on the correlation between stock patterns with Jewish holidays. Both times in 1929 and 1987 we saw a local bottom at the Rosh Hashanah holiday. The local bottom caused a bounce towards the Yom Kippur holiday, forming a local top. Following Yom Kippur the stock...

TradingJoker_

Last 2 major bearmarket had found their lows below the previous major lows. If we repeat this pattern, that we could get the stockmarket to go below Covid Crash lows!