Based on the double-top formation, it seems apparent that the price may decrease. If the price falls below the critical support zone, there could be a potential downward move to 18k. Additionally, due to the DXY's strengthening, it is expected that the price of btc will decrease shortly. Furthermore, Keeping an eye on the fair value gap and CME gap below current...
Hello, I am just posting my trade idea. I was waiting for this one this morning. We retested the previous high of 15480 and then strong rejection to the downside breaking the up channel which is the handle. Thus triggering a short position. My current target is the 15150 area.
Besides the obvious head & shoulders, as you increase the timeline from 1M to 2, 3 or 6M the more horrendous it gets. Massive bearish divergence in RSI. Price being rejected at the 25 MA, that will most likely lead to a death cross MACD being rejected at the signal line after the inflated march 2020 pump (looking even more rubbish at higher timeframes) ...
Kaspa currently finds itself at the bottom of the ascending channel, which has been a consistent support level. Also near the bull market support band (20/21 week sma/ema), which has also been a support level. Holding until the top end of the channel would provide nice ROI from an entry from this level if it holds again. We also have a cup and handle (with a...
You can see here that the ascending channel that $KAS finds itself in is very similar to the early channel that BTC traded in before breaking out to $30. If Kaspa repeats something similar, as it already is doing, it could lead to an epic move north of $1.00 USD. KAS also consistently bounces off the 20/21 week SMA/EMA as has always done during a bull rally...
--First of all, I want to state that I am not a financial advisor. My thoughts do not constitute investment advice.-- So I believe that the Russel 2000 and bitcoin mostly move together. We can agree on that. It is very rare when the two exchange rates show divergence. But in the vast majority of cases, when the Russel 2000 price falls, the bitcoin price tends to...
The market is showing signs of weakening. After the previous high didn't take out the highest high it made on January 22, the momentum started to weaken. The volume is going through a bearish cycle and the VIX is starting to show signs of waking up. The interest rates haven't receded and there are signs of an economy slowdown with upticks in the unemployment and...
🐻 Bear Market Recap: A bear market is marked by a prolonged period of declining prices and pessimistic sentiment. It can be challenging for investors, but it also sets the stage for a potential turnaround. 📉 Structural Breaks: One of the key signs that a bear market might be ending is the emergence of structural breaks on the price chart. These breaks could...
Almost surprised that the VIX is only at 14 with the Chinese and European PMIs + the surge in oil (which causes a new recovery in rates...) ^^
Fundamental: No high impact news release coming out in the next 20hrs for The Euro And The USD. Investors staying hopeful on the United States Dollar after Jerome Powell's speech last week at the Jackson Hole Symposium. Further, increases interest rate for the euro might be bad for businesses at the moment due to inflation.... maybe Technical: Mild resistance...
I'm going to relate this post to my previous one. This idea gives actual technical price levels to watch out for. To sum up , the blue channel's current breakout implies a slow retest. It aligns with the inflation rate reading announcement on the 13th of September. Therefore: I'm bullish until the date of the reading I expect high altcoin volatility...
The market has transitioned back into a more mean-rev phase so I dont expect bull rallies to survive for long. Also shorts are likely to be more profitable since trend following indi's have printed bearish. But use this long to capitalize on a dead cat bounce that could happen. Im not sure that it'll go up to close the gap at 4590. Trades: Trade 1 Long 4400, sl...
This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month. Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend. We have four...
WE SHOULD HAVE BROKEN above this 3 year average by now and been using it as support to provide a launchpad into next year's having. INSTEAD it has firmly been capping prices during these last few months when historicallym it would have been penetrated by now. Quite concerning for those who are still heavily in #Altcoins
www.tradingview.com 1. Daily Below 200 EMA Strong Bearish Signal 2. Below 211.36 Red Daily Close Confirmation Levels 1. 200.55-191.88 2. 177.25 3. 148.42 4. 101.81 - 98.89
If Bitcoin loses FWB:25K , the bear market will be renewed for another 430 days. The last time bitcoin lost critical FWB:25K support, it took 270 days to get back above it. The last time bitcoin lost FWB:25K support was 430 days ago. If FWB:25K does not hold, sub $15k is extremely likely and we may not get back above FWB:25K until November 2024.
After hitting all of our take profits we are looking for the next trade set up. We broke the daily support that dates back to March and there isn't any current major support that we are close to. This along with the bearish divergence and rejection around the .886 retracement inclines me to think that we have now began a major leg down that could bring us back to...
Perhaps one of the most underrated market indicators, USDT.D is showing classic signs of accumulation and remains in a well established uptrend dating back to 2018. The ascending triangle pattern suggests another market move is on the horizon. If this plays out to the upside for USDT.D then crypto market participants can expect volatility in the markets favoring...