Nothing significant from the Bulls to indicate a continuation to the upside, I am following price so for now we are in Bear swings, looking to ride price to the next significant low of .80cents.
The type of dip (descending arch) we are seeing on the hourly often has a sharp fall to follow. If we look at the last descending arch it was the last time there was a major dip. Following that we can estimate where it might fall to and take out a long position. For now it's a short.
The first drop might bounce from the bottom of the golden pocket, which is also...
Some will learn, some won't learn and some need to feel the pain but still won't learn.
Few may recall that recently (linked post below), I said that the sharp switch on the Daily ATR was indicative (not predictive) of a trend switch for the south.
That was transformed into a other lower time frame trend switches. On this chart you see a flattening of the 4H...
Sp500 is starting to crash. You can check my previous content as to why but a quick breakdown is as follows;
News catalyst (colonial pipeline)
big tech/sp500 divergence
If you short the bounces this week with this week and next week expiration down to the 3880 level then the returns are in the 1000's%.
I've been calling the top the past 2 weeks, I was a little early but I was waiting for price to turn and start bouncing. That appears to be happening right now which also seems to coincide with the bitcoin crash I am predicting....
We just saw a massive dip in bitcoin but could this be the end of the bull run? This is where price action is important. See chart below for the 2 scenarios.
Scenario 1 - We see a bearish correction now which will lead us down to atleast 40k.
Scenario 2 - We see a bull flag which means this was a momentary dip!
Like this idea for more updates.
As I have been saying for the past 2 months, bitcoin is predicted to create a fake out double top on the weekly timeframe and crash to 15-20k.
For the past 2 months we have barely moved from the highs and now we just triggered a second major bear signal.
We will most likely get bounces off the horizontal lines I have drawn so when price looks to be rallying that...
I didn't say that this post is 'red hot'. And I don't know if or when the housing market is going to crash. The captioned question in a popular search engine rose 2,450% in the past month! That must be super red hot! What's the RSI on that? 😄😂 Expand the chart by pressing the + icon, for a clearer view.
There is extreme chatter in the blogosphere about housing...
So we shot straight into the 4080 area and over shot the area.
Price is incredibly over-extended right now. (Bearish)
Decreasing volume as price rallies(bearish)
Void to fill below (Bearish)
Historical Analogue points to bear move.
I will again short the bounce with expiration next friday.
So we hit the 4080 level which is the most extreme point the reversal can happen. I predict we will start to drop this coming week.
What I will be waiting for is a STRONG impulse to the downside on the 5 minute and then WAIT for price to bounce, that is where I will look to enter.
Reasons for Bias:
Volume and price divergence
Parabolic moves dont last,...
Price action suggests that this currency is heading for a BIG move to the down side.
S/L 130.000 T/P 126.000 Area.
Utilising multiple positions and/or trailing the stop loss from here could see huge profits.
As previously predicted I said there would be a drop on oil and it accelerated today.
Now is a good time to take some profit off the table as larger retracements can happen from here.
The yellow circle is my previous post BEFORE the major move occured.
Stay tuned Ninja's!
Looks like we could start to turn around here or a little higher. Most likely thursday and friday will be storng drops in price.
I will be looking for bearish signals and looking to enter once the market opens today (thurs).
The position shown is a potential crash zone. I'm well aware that 'everybody' thinks BTCUSD is going to $100,000 soon. There are problems ahead that 'everybody' is not factoring in.
Firstly the technical set up is showing something important in this analysis. Bitcoin has had a major long run up to approx $58,200.
Next - there is an important trend switch....