Bitcoin - Drop to 13 000 USDT! But first a relief uptrend!🟡
The situation for Bitcoin is terrible. There is nothing bullish at this moment. We are below the 200 weekly moving average and the main trendline from 2013 has been destroyed by the bears recently.
The bulls are weak, and the only trump that they have is the 200 weekly moving average on the TOTAL crypto market cap chart, because the price is above this level.
On the 4h chart we have a descending parallel channel that is well respected, so there is a possibility for another drop down in the immediate short term.
As per my Elliott Wave analysis, an impulse wave has been printed on the chart, and this is absolutely devastating for the bulls. That's not what you want to see.
Anyways, I think this impulse wave is done or almost done and we should go up for an ABC correction above the previous triangle to wipe out late shorts on the futures.
Then it looks like we will continue lower to 13 000 USDT, which would be a great zone for a long position back above 25 000 USDT. However, I don't think we will hit the all-time high in the next few years.
It looks like the bubble has popped and we are in the first real bear market in the history of Bitcoin. The first bull cycle from 2009 - 2021 has ended and we are in the first bear cycle. We don't know how long this bear cycle is going to last.
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Bearish Flag
Short ETH
ETH has fallen after the Merge. We can see that the bearish flag was broken down, in 1D TF.
RSI's trendline was also broken which increases the probability that prices will continue the down direction.
In 1W TF, the previous support (now becoming the new resistance) was lost. Logicaly, ETH would revisit the currect support where I put the final target for this trade.
Here below is the view in 1W TF:
Joe Gun2Head Trade - Bearish Flag on LitecoinTrade Idea: Selling Litecoin
Reasoning: Bearish Flag on the 60min chart.
Entry Level: 52.52
Take Profit Level: 50.52
Stop Loss: 53.13
Risk/Reward: 3.35:1
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USDJPY Bearish Flag Breakout SHORT!Welcome back! Let me know your thoughts in the comments!
**USDJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUD-CHF Bearish Bias! Sell!
Hello,Traders!
AUD-CHF is trading in a downtrend
Below the falling resistance line
And the pair has formed
A bearish flag pattern so I think
That IF we see a bearish breakout
From the flag then the pair
Will fall even further down
Towards the target below
Sell!
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See other ideas below too!
BTC POSSIBLE DIRECTIONS CLEAR PICTURE Hy my name is rukhshan warraich .
Lets take a top-down (htf-ltf ) approach to analyze bitcoin next movement .
1w-1d-4h
a) Technicals
lets first consider 1w data :
btc currently ended the h&s pattern but the price target area has not been touched yet that is a bearish movement (which is around 11000 per bitcoin )
left shoulder of the h&s pattern is higher than the right shoulder which makes it more accurate and valid to have a bearish movement .
curently btc is in consolidation phase where bulls and bears have no proper control over the price .
the next major technical support is at 11800 (very bearish move ).
1d data:
btc formed bearish flag (18june - 15 august ) and then showed a bearish move (almost -5800 usd down )
curently forming a descending triangle is till now playing good .(bearish pattern )
support is well kept but the price at support is fluctuating (17700, 17400 , 18200)
big picture shows btc is making a double bottom pattern with a price target of
(24500 , 28000) which looks not posible considering the economical conditions .
so the last hope is that it holds the support or loose it to confirm the very bottom .
halving is in 2023-2024 and considering economical conditions and inflation bull run is not possible.
4h data :
symmetrical triangle which can break from top or bottom (not confirm yet but most likely to the bottom )
b) fundamental analysis :
elsalvador is thinking of not buying more bitcoins as 70% of the population voted against buying more bitcoin.
maybe elsalvador will sell causing more panic .
market has not much reacted to good news so far .
sentimental :
people needs to withdraw money because of inflation and economical crisis .
conclusion :
considering all these points , btc can still take a relief rally till (19700-21000)
but the overall market is still bearish .
like , share & comment .
Bitcoin - 180% PROFIT on this trade! | Elliott Wave
In this analysis, you will discover a strategy or a plan for 180% profit on Bitcoin. Please, read!
The stock market and cryptocurrencies are in a bear market, but that does not mean that there are no opportunities. The fundamentals have never been worse for bitcoin since its existence.
On the chart you can see a great potential setup that you can take for a massive profit, up to 186%! 12500 USDT is a very strong level and there is a confluence to buy exactly at this point.
Confluence: start of the gap from 2020 + previous swing high from 2019 + impulse Elliott Wave completed + Wave A + previous Wave (1) support + previous breakout level of the Head and Shoulders pattern.
If you don't want to wait for this profit target, you can sell Bitcoin at 17600 USDT or 24000 USDT, which are strong resistance on the way up. But I think 24 000 USDT is definitely doable!
The price is below the 200 weekly moving average, which is really bad. This particular MA is considered a strong support/resistance by huge institutions and hedge funds.
According to my Elliott Wave analysis, there is a high probability that we are going to finish this incomplete impulse wave, so more downside is possible!
Buy bitcoin at 12500 USDT and sell it at 35900 USDT. It sounds like a great plan, doesn't it?
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Bitcoin BTC, Secret trendline from 2013! No one is talking about
This is the monthly historical chart for Bitcoin , and as you can see, we are currently at major and very important support!
We have a long-term trendline that is printed only on the LOG scale, and the majority of retail traders never use the LOG scale, so that's why it's invisible to them.
The trendline was established in 2013, and this is the one and only one trendline you can draw at this moment.
So what happens if we break this trendline and previous all-time high from 2017 in conluence? Well, it will be extremely nasty, and this bear market is probably going to be the longest in the history of Bitcoin . We can basically have a 10-year sideways/corrective structure. There is also a possibility of a drop to 3000 USD (not now, but later in 2024) to the previous swing low from 2020. This is a true bubble that will pop, not the previous 2014 or 2017.
Also, if we break this trendline, then I can make a complete lifetime impulse wave from 2009 to 2021, and we are prepared for a multi-year massive ABC correction.
But I have faith in this support because, why not? Any speculation on a breakdown is, in my opinion, very risky at this point. You don't want to short the support and long the resistance, you want to do exactly the opposite. But the majority of breakout traders make this mistake. First, they should wait for confirmation before entering a short position here.
Do you think the trendline will hold or not? Let me know in the comment section!
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MATIC bearish flag forming MATIC forming a bearish flag in the 1D timeframe, RSI in the overbought zone looking to pull back.
MATIC has been printing higher lows and higher highs, once price falls out the bottom of the flag this could trigger a significant retracement.
Not financial advice
Do your own research
NZDJPY - Bearish Bat RetestLast week's video analysis I did talk about this Bearish Bat Pattern. If you have engage this trade, congratulation, you have gain close to 100pips of profits.
Don't worry if you have not engage on this Bat Pattern, you can wait for a retest at 83.50. A retest Bat Pattern is also known as Type2 Pattern. Usually, the movement of such setup is more gentle than the type1 setup. Patience is required.
What I like about this setup, it gives me an opportunity to hop on the Daily Chart's potential bearish flag pattern.
ETH bearish flag #ETH/USDT
$ETH is inside ascending parallel channels.
🐻 price is near the lower line of the short-term channel, so if it breaks down from this channel, the bearish flag pattern will drop price to the lower line of long-term channel around $1k.
#women_life_freedom
TOTAL2 UPDATE! ALTCOINS IS IN DANGER!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka Altcoin market cap update.
Total2 is not looking good here. It breaks down from the bear flag-like structure and the recent pump in Altcoins was just a retest. After this retest, we might see more drop in Alts.
If you are holding any Alts then keep your stop loss tight.
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Also, share your views in the comment section.
Thank You!
WATCH $DOWBearish
- Double tops
- Broke neckline
- Bear flag
"Slowly is the fastest way to get to where you want to be"
Rising Wedge patternNice Rising Wedge pattern. Price broke bellow the borders of the Wedge. on the 4H chart Price breaks another Bearish Flag pattern giving more comfirmations for my short trade.
Rich Spirit
NZD-USD Will Keep Falling! Sell!
Hello,Traders!
NZD-USD is trading in a downtrend
And the pair has formed a bearish flag pattern
So we are bearish biased on the pair
And after the breakout
A further move down
Is to be expected
Sell!
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See other ideas below too!
Bitcoin - No one is talking about this!
There are currently 3 options with a high probability of happening:
1) Bitcoin will crash very soon, so after that we can start an alt-season on altcoins after the crash to 13k (best option).
2) Bitcoin will go sideways for another 3 months and create a descending triangle, which will be the most boring time (you don't want it).
3) Bitcoin will go slightly up to the yellow trendline to catch all traders in a trap and then it will crash (disgusting scenario).
4) The bottom is in and Bitcoin will reach 200 000 USDT next year (no chance).
Bitcoin is below all possible trendlines on the macro scale, so the bearish pressure is extremely high at this moment!
Pretty much no one is talking about this parallel channel on the LOG scale. Also, no one is talking about the yellow trendline.
But I would not be surprised at all if we break this parallel channel, because at this point, everyone will turn super bullish and after that, Bitcoin will drop like a rock.
To complete an impulse structure from an Elliott Wave perspective, the price needs to print another impulse sub-wave to the downside.
At this point, if we break 32 000 USDT, I can say that the bottom is in, which I would love to absolutely!
If you haven't heard about the QNT (quant) altcoin, it's time to buy!
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SHIB bearish flag #SHIB/USDT
#update
$SHIB shaped an ascending channel, and price is struggling to break down from the lower line.
🐻 breaking down from lower line of channel can shape a bearish flag and drop price to support zone around 0.786 fib level once again.
🐮 holding the lower line as support will increase price to middle line of channel.
The big short - S&P 500!
The situation for the stock market is really terrible. The fundamentals have never been worse in the last decade and it looks like we are going to drop even lower.
We have probably started a brand new major uptrend in interest rates that can reach 15% - 20% in the near future. Also, government bonds are rising, which is deadly for the stock market.
Let's be honest, it's not the best time to be in the markets if you are an investor. I believe there is an opportunity for swing traders and also day traders.
There is a possibility of a 10-year sideways bear market for the whole stock market, as happened in 2000 - 2009 or 1968 - 1980.
The price is moving in a descending broadening wedge pattern and there is more than enough space to go lower from the current price.
Regarding my Elliott Wave analysis, we have completed 2 first waves (A, B) and we are currently in a C wave if we want to stay bullish. It can also be a third wave of the impulse (1, 2, 3, 4, 5) as a bearish scenario.
I expect the 2700 level to be a strong support, which is also the FIB 1.618 extension from wave A -> B. There is also a confluence with the POC level of an expanding triangle from 2018 - 2020.
Look at my ideas about GOLD and Bitcoin in the related section down below.
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NZDUSD - Bullish SharkProbably "the most important" Bullish Shark Pattern of the week. I'm waiting for the market to fulfil the Shark Pattern at 0.5583; for that to happen, a 3-bar reversal has to be seen.
What is more important than the Shark Pattern is the fulfilment of the 5-0 Pattern. The market shouldn't break and close beyond the red box that marks 5-0 Pattern, and when that happens, I'm going to head in for a shorting opportunity and might just ride the wave down on a Bearish Flag Pattern that could form on the 4-hourly chart.
You can check the related ideas at the bottom of the tradingview post on the potential bearish flag pattern.
NZDUSD - Bearish FlagCounter-trend traders do take note, if you are looking for a trend-reversal trade, it might not be the time yet.
What I've spotted is a potential Bearish Flag Pattern, the Flag Pattern confirmation will happen when the candlestick break and close below 0.5560, so I say, "Hold your horses!" Let's see what pans out.
Check out the related ideas at the bottom to access the lower timeframe analysis.
DOT inside ascending channel#DOT/USDT
$DOT is trading inside ascending channel, and now price is near and above lower line of this zone.
🐻 holding the descending resistance and break down from lower line of channel will shape a bearish flag pattern that will drop price to somewhere around $0.57
🐮 but holding the lower line and break out from descending resistance can increase price toward upper line of ascending channel.
How to tell if a chart formation is the real deal or not $BTCI meant to say I would rather make a video than right multiple paragraphs trying to explain something that requires some visuals.
Anyways, the video says it all, there's always got to be more than just the chart formation that you look at when deciding on how to play a trend or potential breakout/breakdown and how to tell when it's just a fakeout.
As you can see, the bear flag also got denied at the 100-day MA for BTCUSD
My long-term view is bullish for Bitcoin
