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Bearish-market

Continue of bear market 2021As we topped out at 65k, followed by blow off top to 30k, now we experience classical relief rally which is going to form a lower high. 50k is logical target with heavy resistence to get rejected , weekly volume is fading. Expecting reversal to 30k and as you can see in the chart we will continue with megapattern of descending triangle. Sooner or later we will breach it and reach our second target of 24k (first target after blow off top was 30k). from 24k area we will rise to 30k area to confirm it as new heavy resistence and continue downside to reach our ultimate bottom of 15k area. In case of stock market collapse which is also possible (s&p 500 is totaly overshooted and Dow transport is diverging with industrial average and s&p and nasdaq which are big warning signs ) the crypto market will plunge more down, with bitcoin breaching also 15k and continue lower.
INDEX:BTCUSDShort
by Dunkelwerk
7
It's Easy To See with BTC as easy as 123 all the data points are so easy to read. It looks like we should be recovering at least in the short term. As long as we continue to bounce back off of 28000 I believe even if we ride the bottom for a again just the short term. We should correct and hopefully return the bull market with new highs in august. worst case we break that 28 bounce back or not an re-enter a brand new uncharted Bear Market. Yeah ugly chart but shes oldschool and she works
BINANCE:BTCUSD
by derksonmichael
1
ADA Price Prediction $9.50 TOPSimple technique that I have been using whilst following ADA journey and using the FIB extension I think ADA has the potential to sky this cycle. Furthermore, if history is any indicator then we can expect a market top in October. Although, i do strongly feel that bear market this cycle will not be as harsh as previous. I except a retracement back to 4-6 $. There will be an accumulating period throughout most of 2022 before the rockets are fueled for lift off again. Whether you decide to Hold or sell your ADA, this project has one of the most promising future in the crypto space. We will begin to see mass adoption towards and in the next market cycle which will sky rocket ADA further more into the trillion market cap.
KRAKEN:ADAUSDLong
by m44kka
5
Bitcoin short correction or bear ?Bitcoin was hovering just above the 100-day EMA, where it was last in September 2020. In addition, Elon Musk's tweet appeared that tesla did not support cryptocurrency and thus canceled the adoption of bitcoin payments for tesla. When we look at the graph, we notice a declining 100-day EMA, that has not happened since April 2020. We see a gradual decline in the peaks and bottoms. The price is between two strong levels, support at 40k and resistance at 51-52k. In addition, the price also ranges between a 100-day EMA and a 200-day EMA. If we look at how usual the volume reacted to sharp decreases in bitcoin, where it reached high values on the export, then we can say that the current value is not the local bottom of the current correction. In the near future we can expect the price to move to the level of EMA200 The question is how the price will behave when it bounces from +- 40k. Is it a bigger correction or the beginning of a bear market?
Short
by michalbeca1
NVTA - Key SupportHello everyone, I hope you are all doing well! In this analysis, we have broken through the bigger channel and the fall is moving in a smaller channel. We are sitting on a truly KEY SUPPORT that I beleive we are going to hold and go to the $43 mark. There is possibility of more bad news and break lower. The lowest point would be $19 and from then on, we would rise back up to break the channel. Currently, only 2.79% of the shares are in profit. Think about how the BIG hedgies would react to being at a Loss, would they Sell or Doubble Down and Average Down their position? These prices are a steal to have for Long-Term investing and 97.21% are bought higher than you would buy now ;) Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has not been any funadmental changes in the price to bring it down as much with the company, the investment funds are currently in Crypto, so that is why we have fallen so much. As soon as Crypto dies, the funds will flow back. Thank you for the attention, I wish you an amazing Friday!
NLong
by donaitelo
1
Cryptowinter is Coming?My mission for Simple Crypto is to give honest analysis to all my followers and patrons of the Simple Crypto network. As you already know, the crypto market is hurting bad and some are starting to question if the bear is now in power. Before we FUD or HODL, let us give BTC an honest look at and explore what the technical side says about this. Is it uncommon to drop such a percentage in such a short time... YES, look at February of this year. It is not uncommon for BTC to drop 10-30% of its value in the bull cycle. IT HAPPENS, this is the world of crypto folks. Now to say this is just a simple correction on bitcoin let's look at the facts. At best all I can see is consolidation for the time being. Here is what would indicate to me we are now in a bear market. Small Indication: A daily close below strong support levels (Red Dotted Line) STRONG Indication: A daily close below the support level back from earlier in the year (BLACK LINE) These support levels are key supports and our fib retracement tool also fits these levels as well. From fundamental analysis, I think we are very bearish. No major bullish news up ahead. A lot of FUD. Proposed Capital Gains Tax, Turkey ban on crypto as a currency and other things as well. Regardless of what you may think, the news is news and that kind of stuff reflects on the market. Here is what would change my mind and keep me bullish. A close above resistance and back into the Bollinger bands. Declining sell volume and pressure. (Which I am not seeing as much as like in 2017 cycle) Anyways I try to keep it simple. I would like to make my main point that if BTC does not do well, chances are ALT coins will not either. We must keep our eyes on BTC. Best of Luck! NOTE: This is not financial advice but a mere analysis on BTC.
COINBASE:BTCUSD
by Simple_Crypto
1
ADA - resumption off or a failed recoveryI’m watching closely here for Ada to keep this momentum on the 4 hour chart it just made a triple confirmation using market lib, potato, and wolfpack Now it’s coming back in to start this 4 hour candle, watching for Ada to play with the sell signal at 1.11-1.12 if it holds u can buy and cut losses after a completed sell signal on the four hour or start building a small short position until a triple confirmation tells us to go balls deep into a leverage short This weekend we either have a full recovery and start the next trip to new highs or we finally get down to the .70 level and test support off the 20 week MA I would love to see a clear signal but we are in No Mans Land so let’s wait for the triple confirmation to tell us what we do. Right now I’m leaning to the short side but I would love to see a rebound!
KRAKEN:ADAUSD
by WalrusFat
1
Banks Predicting a Crash!This is an updated version of the multi-year topping pattern of the S&P 500 I've posted a few times now. The previous post is linked below in Related Ideas. The situation today adds to the previous update... we've continued the massive rally, extending this historic bull market even farther and poking over the megaphone top. We've recently had some downside and fallen back into the pattern. The recent rally has extended the downside target of the megaphone pattern even lower. Interestingly the predicted downside target now points right to the lows of the 2000 tech crash and the 2008 financial crisis. Do I still think we're headed into a bear market and likely below the bottom of the Megaphone? YES! There is no rational argument for the market continuing higher. Bull markets eventually die and bear markets are born. This is true even if the Robinhood traders are too young to have ever seen a bear market. Despite a terrible economic environment due to covid, everyone is long and chasing momo-stocks like TSLA and AAPL expecting the Fed to prevent any downside. Everyone has so ignored the potential downside and are long on margin, that brokers have started forcing a bit of restraint recently by increasing margin maintenance requirements (which restricts lending to traders). A similar thing happened as the 2000 tech crash started. In addition to the brokers tightening lending, banks are also tightening lending and that's an even bigger indicator of an upcoming bear market. To see the clear pattern of bank tightening into bear markets, below is a chart of Federal Reserve data on bank tightening going back to 1995. Every time bank lending tightening goes above 40% or so, there has been a bear market and related crash. This year bank tightening for loans has shot up to over 70% and yet the equity market hasn't caught on yet. See an image of data at the below link (or go to fred.stlouisfed.org search on "tightening" and find it yourself). The blue and red lines are bank tightening standards for small and large firms. The green line is the Wilshire 5000 to show what the equity market was doing at the time. Look at what happens when we get bank tightening spikes--NOT GOOD: imgur.com (click on the image itself to make it bigger) So it's not just me who sees a bad economic environment, it's most of banking (including brokerages). And they are doing something about it--they are making it harder to borrow, reducing their own risk. These bank actions not only suggests a bear market is coming, it can cause a bear market. The reduction of bank lending takes money out of the economy (as banks are responsible for most of the credit creation into the economy) and that can CAUSE a deflationary contraction just by itself. This is long term data, so there's no specific timing on this. But the tightening has already happened and has not remotely started to decline. The economy is only continuing along due to government stimulus. Once a bear starts the market can decline for years. I'm surprised the market hasn't already crashed, but IMO a bear market can arrive at any time. Anyone chasing stocks higher at this point (especially on leverage) is nuts, again in my opinion. In addition all the indexes look like hell with obvious double tops formed or forming. But that's a shorter-term comment for another post...
SP:SPXShort
by MystryBox
17
NAS100 IS PREPARING TO BLEEDNas100 has on an uptrend for many days, years,It being an NFP week, market makers are trapping retail traders until endweek, however nas100 has a support trendline which has not been tested for the third time although it is strong and very effective.We are looking forward for a bearish momentum to the downside after the market reverses from the zones I have drawn keeping in mind the support trendline has broken now all we waiting for is simply a retest to the psychological supply zone
FX:NAS100Short
by fx_kieha