BNBUSDT found its capitulation line which is marked as resistance. And the line where it is going to take support is the greenline. But line history price action is pretty visible on the chart itself. Whenever it hit the red line go short. Whenever it hit the green line go long
Extreme risk for any position now. Should this rally fail and reject from upper TL the fall will be steep and swift- capitulation, a fifth wave down. Capitulation is the intense fear and dismay of investors who realize too late that their stonks ain't gonna hunt. Just when you think, "Finally! It's going back up!" Suddenly it isn't. Then the hammer drops... the...
BTC new trading range before capitulation. I'm expecting a dump with the new moon around May the 30th. Fake rally with a top at 40k or slightly below. Then downtrend continuation way below the weekly MA 200
BTC has been trading in an extremely tight range for the past week. Currently the bulls and bears and battling it out but to be honest, it looks like the bears are running out of steam. The new week has started and if you look at my previous post, you'll notice that BTC has closed above support and the new weekly candle has started. I can see a push down to around...
Closing the week red again. Bears seem to be in total control, charts breaking down across the board (less VIX/ Bear Funds of course) SPX less than 3850 (-20%) funds go officially "Bear Market" 3700 Capitulation levels Less than 3500 massive de leverage , margin-calls , and breakdown We need one of those "bear market rallies" I keep hearing about ... 7 red...
We have this scary bear flag on the 4 hourly that nobady is looking at. Bear flag break-outs are usually the most accurate break-outs from all patterns.Thats why i entered short position at 29.9k but we have so much support under my entery price so i am going to take my profits at 27.3k,25.5k, 24k and possibly at 20k. Be smart, trade safe and i wish you good...
In a previous idea i've compared eth price with what btc did in may- aug 2017. TOTAL3 (crypto m. cap excluding btc and eth) looks even more similar than eth does. We see clear initial fall in the summer, then barely setting new highs, before turning down, heading into the lows, maybe go even lower a bit. We should expect HUGE reversal to the upside. This is...
With the recent capitulation eth has not set a new major local low like BTC did. Chart is behaving oddly similar to what btc correction looked like in July 2017. Back then we made a new ATH, then had an initial 50% correction (like we did in May - July 2021) then going back up, barely setting a new highs (green marks) before going into a second capitulation, that...
If we don't get back to 30k and stabilize things, we'll go to 23k or something Not a financial advice, don't rely on my professional-made deep analysis
Im here to say this is the Third Capitulation event in roughly 4 years. Trying to catch the falling knife is very dangerous unless you are absolutely ready to lose it. LUNA and their Stable Coin was the final nail in the coffin to send the market over the edge. Just remember, although fear has taken over and doom has arrived, this too shall pass. This...
Bitcoin / Weekly / Log Chart Bitcoin is supported by the 50,200,300 EMA Lines for the past many years. Whenever BTC Bottoms, We see a huge capitulation candle with high sell volume. This means many bulls gave up and they sold all their Bitcoins at the bottom. Later, We saw recovery and saw new ATHs From there. Currently, We last saw a Capitulation at 29k Last...
A couple of days ago I made an analysis about my expectation on Bitcoin's reaction to the most recent FOMC interest rates decision. See my elaborate post below. Whilst the initial reaction was bullish, we sold off very hard the day after (yesterday) the FOMC meeting. Whilst a lot of technical and fundamental indicators pointed bullish, we did not get what a lot...
104.55 presents some issues for the perennial DX Bears. Will it arrive, we've been suggesting as much for months on end. It is quite often Gold Bugs who cheer the Dollars demise, without realizing Gold has moved up with the Dollar. Why? Curious is it not, but the answer is simply Fear. Projecting what should never be... is not a winning trade in Fear. We...
Hello Birdies, As we are saying this from december we are in bear market. Now the point has come from where we are going all in for short. The points of shorting are on chart and also you can see there is a huge volume on 42 ,000 point . I can say We are officially in CAPITULATION
Note the big red candles in prior selloffs of this trend each followed by a deep flush with reversal leaving a long wick. Crashing. Big ERs Weds FB and Thurs AMZN, AAPL all EOD after the close. Extreme risk in any position now, highly unstable, unpredictable. Catch this knife at your own risk. Indicators become worthless in a panic. Oversold >> More Oversold....
FB hit a low of 169.589 on 27 Apr on high volume and then gapped up strongly the next day on even higher volume (due to positive earnings). There is a chance that it could have capitulated after having dropped about 56% from it's peak in Sept 2021. It could stall around near term resistence (239 to 248) on the way up and I will not be too surprised if it starts...
Nice and simple view of BTC rn. a nice pennant forming, and range remains unbroken. lose this area though and 30k gulag time. Markets all round are a bit all over the place, so very interested to see direction of market.