Kadena short term oversold before bull take off 2022Kadena along with many other cryptos could see oversold positions until mid-March (Fed policy and Crypto regulations etc...) and then we could see a turnaround with Bitcoin leading the pack. As you can see Kadena has broken through this descending triangle which is a bearish pattern. If we respect this pattern we could see Kadena hitting a beautiful low of $2.50 which is an amazing entry point for anyone doing some DCA (dollar-cost averaging). If you use a Beam Band KDA could hit bottom and this is where the turnaround can come. We either break through this miserable sell-off or we go a little lower before we move higher.
2022
ETH-USD PERFORMANCESame idea as the Btc, a rise before retesting supports, there is a lot of good news coming out now, from Russia, the approved ETF or Belarus.
The FOMO will act by driving the price of Btc up to the touch of resistance, if they are broken, it is already very likely around 85% that Btc will retest higher values or levels between 52k and 56k
Be careful with leverage and always use stops
🎯 HISTORICAL EDGE - 🟢 RESULT FOR 15FEB💁♂️ TRADER: Did you take the signal, Newbie?
👶 NEWBIE: No, what happened?
💁♂️ TRADER: We anticipated a move to the upside ⬆️ on the 15FEB since we had a rare historical setup on the 14FEB.
👶 NEWBIE: And...?
💁♂️ TRADER: SPX posted a move to the upside with 1.5%🟢 AND given this an estimate for the general market, the move to the upside dragged many names up (NEW+5.5%, OXY+5.6%, CTRA+4.87%, PSX+4.18% etc etc.). These setups move the whole market - pay attention next time, Newbie.
BTC current bull run fib target.Based on historial values, based on previous bull runs, given by using the Fib. Retracement extension we can see that the current support and resistance area, apparently being breaking out right now, shows us that Bitcoin will probably target what not many people it's expecting.
Full current cycle:
- Crash
- Retrace
- Re-accumulation
- Breakout
We aiming a target of $184.000 for current cycle.
Btcoin Zigzag V5Not financial advice. Do your own research. This is important. That shows how Bitcoin might dump and pump for the future and possible upcoming accumulation zone. Alternatively, if Bitcoin makes break out to around 56K suddenly, it might be close to complete the bull season that it started previously.
Bitcoin 2022 CAPITULATION SCENARIO | Complete analysisSo there is actually also a third scenarion going on - In case we would get this ranging scenario towards 2022, we must take in account that we had a deviation above range extreme during end of 2021. That means we could see a deviation below the range extreme on a downside, too.
This is nothing confirmed and very far from likeliest outcome to see, but it is a possibility and it is actually the most bearish possibility I could figure out for a following year.
It would consist of visiting the area of the biggest pain in markets - that is liquidity below 28k. Afterwars ,the sentiment would be so negative (And even structure would say down), but as we know ranges - only a trap to get too many shorters on board and up afterwards.
Stay safe
Bitcoin 2022 "BEARISH" SCENARIO | Complete analysisMy previous analysis was bullish update, where I posted my view that is most likely about to play out. BUT there is one CRUCIAL part and that is January close. If we cant make january close above 43,8k, 2022 will be mostly very boring year - that could be quite good for swing traders, but not so much for hodlers and moonboys, cos we will be ranging between 35k (max 32k) to 60k USD. The mid of this range is about 46k - open price of this year and PoC of previous move. In ranging context, this will continue to be the important level for HTF bounces.
I think the chart is pretty self-explanatory:
1. Slow accumulation around 35k (must-long area)
2. Then rise towards 46k and later 60k (again - must short area)
3. Slow decline towards 46k a nd maybe lower (probably 2023)
As I described, this would be VERY BORING year if january closed below 43,8k. Anyways, the main thing is to have a plan in place and follow it. I have a bullish and bearsih based only on Jan. close.
Hope this helps
Stay safe
Andy
STOCK MARKET CRASH MARCH 2022 (LOG4J)This is the key chart to understand the market. Let's break it all down and what is likely to happen in Q1 2022.
First things first, it was not BTC which broke down first today, it was the stock market. The Dow ranged sideways for 9 months, not being able to break the high established in May. This has been highly reflected in the price action of Bitcoin, which was not able to maintain the bullish uptrend for more than one month at a time.
Despite all the injection of monetary supply since March 2020, the health and uptrend of the stock market has not been healthy. The economy has not worked at full capacity, and a smoke screen of monetary policies cannot hide the state of the economy and of assets prices.
Governments in Europe have just in the last four months increased the cost of energy by 800% in some countries, having a negative effect far and wide, not only to people and industries, but also for BTC, considering the cost of energy for mining. This also involved Kazakstan. The consequences of crypto downturn involve geopolitical events, that are now just starting to add up together and which might further affect the market in 2022.
If you look closely at the slope (angle) of the 200 MA on the Dow Chart, you can see that it's flat. What is happening is that it signals indecision, and it does not happen very often in stocks. Just in the last month we had three tests of support, indicating that the Dow will probably break down in the near future.
The compression of prices create large movements, this is an observed phenomenon in the market and also in physics. Stored energy will at some point be released, if a threshold is reached. That's what is now happening with stocks, and the difficulty to break the key resistance is indicating that the large movement will be down.
The large portion of the correction will, according to my estimates happen in March. This coincides with numerous economic and cybernetic events such as the FED largest taper of bond buying or the LOG4J problem, which will further put pressure on stocks.
The correction can range from the 0.618 FIB ($25,000 ) down to the 0 FIB ( $14,131 , down -63% from the TOP), which can take BTC all the way back down below 25k. If it happens, it will be similar to the dot.com crash with the internet companies, only this time it will happen with crypto.