With the capitulation in may still lingering in the minds of retail and institutional traders alike, we get exposure to market events that speak to the uncertainty that lies in even the most advanced TA. With capitulation, a record number of liquidations roll through the equity value of BTC along with most ALTs. This part of the market cycle is not a hit and...
With so many calling market bottoms already, I want to show you how we are not there yet, with this simple 3 Month (1 Quarter) chart. We can see, via SPX & VIX, for the bottom in last 2 recessions (2020 & 2008), that quarter had: VIX over 40 (not equal to, since Oct 08 quarter was exactly 40 & not yet bottom) capitulation from significant SPX selling Volume (2020...
Hello. Bitcoin is in perfect position to dump 40-50% more. There is no any reasons the price to go up, and to not continue down. No optimistic charts. Scenario 2 is bull run to start now and to confirm 17 500 as a bottom. But i don`t actually trust to this scenario 2.
19.2k-17.5k for max pain capitulation on this downtrend. good buy zone for spot long-term portfolio ~16k-23.5k taking into account feasible scenarios of could go. Though,16k-17k will put BTC literally down to the wire of max pain, and maybe create a generational bottom. w/ institutions being more public in their interest w/ BTC I suspect more ranging for a long...
Worst looks to be over for BABA after hitting a low on 15 March and then went on to form an Adam and Eve (A&E) reversal pattern. It broke above the A&E neckline 2 days ago. While the breakup volume wasn't impressive, it is however now above the 200 day moving average, which gave it credibility to likely continue in a slow path to recovery. (could chop sideways...
We are a few dollars away from seeing a new buy signal from the Pi cycle bottom indicator. Nothing is guaranteed in trading but if you zoom out the chart you will notice that Pi Cycle has not failed yet EVER.
Oversold it is, higher it must climb, until lower it gets again. Bounce coming- likely. Bull run again- unlikely imo. Every bottom lifts VIX to >40 and true capitulation usually triggers trading halts. Didn't see these yet; not done. Bear markets are not quickie corrections that serve as dips to buy. They grind on for months or years, median 17 months. Don't...
As I’ve warning several times that the worst is not yet over despite many bear-market rallies, SPX was rejected by the blue dotted midline of the upchannel from 2009 & was unable to fill the downgap near 4k which instantly became a resistance now. BEWARE: lower lows are coming with SPX barely holding a previous low @3820, a FIB 0.382 retracement from pandemic low....
We are waiting strongly to the suitable red area and activate our long order. The tp is also mentioned. *This is very low-risk position, but you have to open at your own decision.capitulation point is so close
Looking back at the most recent, major decline in the market and it's bottom, we can see that there are a couple of major indicators that may give us a clue as to when a bottom may be near. Without complicating things, i submit to you two things that must happen: 1. the VIX must get near or above ~50 2. there must be a bottoming out and a rise in the RSI That's it :)
Bitcoin Price and Hash Rate Relationship: The Bitcoin hash ribbons indicator’s core concept is that there is a direct relationship between the hash rate and price. The thought is that the miners will reduce their bitcoin mining efforts when an opportunity to get better results elsewhere occurs, this can happen for two reasons: (1) Bitcoin price has...
I really don't think 14k to 12k is out of the question. Looking at horizontal support, silver cross to the down side golden pocket and fixed range from previous macro low and high, you have to at least entertain the idea we could head into these price levels. Hash ribbons giving a capitulation signal. Also happens to be around an 80% retracement, which is...
If we lose 19k daily or dont recover 30k , invalidated
Increased BTC dominance by 8% in two days shows me "stable-coins" are on fire. Infact Luna takes the cake. We've been bearish for over three months and have now (as of 11/05/2022 AEST) entered capitulation. The first two capitulations I've lived through ended up making the mistake of selling positions. This time I am not so should you. Is it really true...
In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart, as well i am looking at inflation rate chart and DXY. This is my second video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english. And also i forgot to mention that i am...
Resistance from 48k is now blocking the price from moving up! together with bear flag now being resistance, the dead cat bounce game is over?
Something I'm wary of are geopolitical events under the hood. Past capitulations of $btc required that $usoil AND traditional markets to decline. So far, USOIL has not seen a capitulation, and a BTC bottom might not be confirmed until USOIL reverses and finds its bottom. Macro indicator & misc. targets update: 6/03/22 Current Price: $29,700 RSI 3W: 2.7 points...
Overall sell volumes have already exceeded prior bear-market sell volumes. This may be a good sign that the all-important mass capitulation has already occurred now and we are simply still within a long, extended bounce that is exaggerated by the FED pivot. **This is my opinion based on chat data. Not financial advice.**