The cryptocurrency market has experienced significant volatility, and Ethereum (ETH) is no exception. Following a complex correction, Ethereum's current price movement suggests that the bottom may not yet be in sight. In this update, I will dig into the ongoing correction, explore Ethereum's short-term outlook, discuss the potential for a rally, and consider its...
Twin peaks... double top... engulfing bear candle... rejecting midway between the fibos... it's a 2/3 retracement. Cries of 'new bull market!' are delusions... divergence is not bullish. Look at RUT. Rally was 1/3. Not even close to NAZ. NAZ rallied 100%, some issues ATH. Re-inflated bubble. Re-burst incoming... soon.
This will be the biggest bull trap since the last bullrun back in 2017. Right now met the strongest important Resistance into 0.50- Mid 0.54 area, should expect the big drop to happen to meet back towards down 0.45-0.30 area for a short retrace, and drop more continuously. XRP bullrun won’t begin 2 months before the bitcoin halving of april 2024 which bitcoin...
Chart has it all. Notice every prior local top is a point, no plateaus, after squeezing the upper Bolly band, they rollover. August gap is a magnet. Once filled, much higher seems improbable. Fewer issues advance the price, moves up on lower volume, weaker RSI. Lot of participants been waiting to sell at this price. The dump after this rally dies could be...
Simple idea. Price has drifted closer to S/R line, seems likely to test it soon. Buy that dip, but Bear is not over! Indicators approaching oversold; FOMC FOMO likely start a weaker rally to a right shoulder; then June Swoon.
BEAR RALLY SET UP I've had MKC on my watchlist for about a week now. ON January 18th, the 20 day crossed the 50 day and made a new swing low on January 20th. Since then, it had a small bear rally back to prior support resistance of 79.09ish which it hit on the 24th. On the 25th, it traded below the previous day's low, however I waited one more day because I...
Primary Chart: Daily Time Frame, 8-D and 21-D EMAs, Long-Term Fibonacci Levels (Retracements of META's Entire Range), Uptrend from Nov. 4, 2022 Low SUMMARY: META remains in a severe downtrend since its all-time high in September 2021. The primary-degree trendline remains unbroken and in effect. A shorter down trendline for most of 2022 has been broken...
BTCUSD BITSTAMP:BTCUSD has traded in a choppy fashion for some time. Since mid-June 2022, it has traded modestly downward (downward and sideways) relative to the steep downtrend it experienced from the November 2021 all-time high to the June 2022 lows. This author has refrained from posting on crypto for a while given the choppy and uncertain nature of the space....
I kept seeing everyone thinks bitcoin just bottomed.. ( no not quite yet) this what happens people get too greedy. As bear market still going and still on the move, Feds are still increasing terminal rates and interest rates because the inflation still remained high and not cooling down enough; big happens the Feds will get aggressive and too aggressive until...
i am seeing big bear rally in bitcoin from 17300 to 17500. all time in history volitility break the btc retest and then slowly boom.
A fierce face-ripping rally characteristic of bear markets caught shorts out on Winter Solstice, but should not be mistaken for anything than another bear rally. We have had a number of these all year long. This is no different. The .382 fibo aligns with 50 MA at the higher structure neckline, an ominous triple coincidence. IMO this move is consistent with an...
BEAR RALLY SET UP: DIS made a new swing low 11/09 and since then it has made its way back to the 50day with lower or equal volume making this a potential bear rally. The entire market has been in a bear rally, so based on the patterns forming, this should make it's way lower to fill the gaps below. I used the doji candle on the 28th as my reversal candle at the...
Primary Chart: Down Trendline and Anchored VWAP from All-Time Highs, Fibonacci Retracements and Extensions Summary of Key Points: 1. SPX remains in a countertrend rally (an uptrend on shorter time frames) from the October 13, 2022 lows. See the parallel channel on the Primary Chart. The post-FOMC selloff found support right at the base of this channel. 2. A...
Primary Chart: Bollinger Bands (Yellow Shaded Volatility Channel) with Fibonacci Levels, Downward TL and VWAPs 1. As discussed earlier this month, AMD remains in a severe downtrend at the primary degree of trend. This means that the path of least resistance on higher time frames remains lower unless and until AMD can do a substantial amount of price work and...
Primary Chart: Daily Chart on Log Scale with Down Trendlines, VWAPs, and Key Price and Fibonacci Levels Some may be feeling a bit giddy over the fact that NVDA has rallied 28% off the lows. But look at those other bear rallies since the all-time highs shown on the Primary Chart. How do we know this time will be different? Expecting it to be different before a...
Primary Chart: NVDA's Primary Trend Since Its All-Time High November 22, 2021, with Anchored VWAPs SUMMARY: NVDA appears to have begun a countertrend rally within the context of a sharp downtrend. Other countertrend rallies have ranged from 28.9% to 40.17%. Don't be fooled by a show of strength that does not change the overall structure. Countertrend trading...
Could it be that markets have been impatient? I think so. After watching yesterday's price action, I think the market gets the message now. Or do they? I need to see capitulation before I see a rally. But we're getting close. I've been thinking that the VIX needs to get to 40 or 50, and THAT would be my capitulation. So if that happened...what...we would get to...
Primary Chart: AMD's YTD Parallel Channel and Short-Term 2.5 Month Parallel Channel This post will provide only a brief update to the more detailed technical discussions of AMD from last week. The more detailed technical analysis is contained in a pair of AMD posts linked on the Primary Chart above. 1. Nothing has changed with regard to AMD's larger downtrend...