Bearishmovement
Beware: Cardano have all chances to go down to $0.94 cents!!! In this analysis, I will going to talk about the technical analsyis of this cryptocurrency. We see that in 3 Daily timeframe. Cardano it's not showing us good signal and there's a lot indecision in the market and doubts that there's a lot chances that Cardano make a bearsih movement to $0.94 cents, and included $0.64 cents.
Today, I decide to sell my Cardano coins and get a profit of $16,000 USD approximately in this cryptocurrency becuase the crypto-market could to crash again and there's a lot chances that we begin a new bear market possible.
For that, I take this decision to sell my Cardano coins and hope this key level to buy more cheap. I hope to buy like 20,000 Cardano coins and hold!!!
s3.tradingview.com
And look the monthly timeframe, Cardano have all chances to make an accumulation zone in this zone as we could to experiment a crash in the short term. Now, I'm in short in Cardano, but I didn't an technical analysis, in some minutes, I will goign to post here.
Correction, Dip, or Bearish Market is coming?ATR volatility is increasing, last candle show bearish engulfing, picturing from yesterday "so-called-dip" is showing bearish movement, and I think that last pattern looks like bear flag.
Also, as some of us know crypto market are kinda tidally-locked with BTC market movement, we should take a close look at what BTC market is doing.
So, are we really still on a bullish market? Let me know.
Anyway, just be careful.
Notes:
- All indicator uses 24 length period to measure 24 hours statistics
- ATR is modified to use EMA instead of RMA
- ATR is modified to use HMA as a predicting oscillator
- I modify the DMI to look like MACD (don't know why, I just like it that way) and added RSI on top of it (not sure why)
Ethereum is bearish!!! We're in profit!!!Ethereum is go down and the price is around of $398 USD, I entry in the market at $410 USD, we're in profit. First, I reccomend to put your break even to protect your earns right now.
So, we see that Ethereum is continue down and Ether was formed this descendent triangle, becuase remember that in Daily we see the same situation on Bitcoin that Ether need to make a correction before to continue up!!!
Look this chart in H4 timeframe.
Guys, if you following my trade and you put your short in Ethereum, you're ok and you can to put your break even at $409 USD, that is my reccomendation to put your break even in this price to protect your entry price without any losses.
So, the only updated is that I proyect that Ethereum is into this bullish channel and we found down sell, so my forecast it's around of $380 USD, that is my target profit on Ether and I large my Target a little more, beuase my previously target it's was $394 USD, but we can see a possible next movement so volatile for the crytpocurrency!!!
Bitcoin is in Sell off: Bearish Rising WedgeIn this analysis in H1 timeframe we could see a possible drop of more 10%. that mean that Bitcoin it's appears need to make a correction before o c to continue up the trend, that is a possible drop seriously that bears is right now take control of this momentum.
Now compared their movement, the rising wedge say us a possible continuation until the $9,100 USD go back of this level.
So, It's a good opportunity to make money of Bitcoin.
Well, the price entry is in the market price, with a SL at $10,900 USD and the take profit of $9,100 USD.
i say you that because in 3 day candlestick or this timeframe we see that Bitcoin has the possibility to break down this support line and Bitcoin is not secure to continue up!!!
Other possibility target it's could be the $8,883 USD to confirm that
That could be the movement of what Bitcoin can do.
What Bitcoin do if could be a sell off in the macrotrend???In this overview, I will focus more in Bitcoin, because we could see for the next days a possible sell of Bitcoin price, so guys, in this timeframe in Daily we found out a shoulder head shoulder, that is a signal of change of trend and maybe we could be to prove lowe levels soon!!!
So, I will focus in mid-term with possible medium term of what Bitcoin could be to make.
I mark this key support line, because is more important and Daily see that we could not to break down, in case that Bitcoin is break down the trend line + Daily support at $10,400 USD, we could see a possible movement at the $9,000 USD. to retest that I see, the part up of the line simetric triangle, that could be the unique and latest confirmation of the starting the bull run.
Now, in weekly remember that we could see a possible accumulation on this zone that I mark, also in the latest 2 weeks ago, I mentioned a possible accumulation that today we could see it.
Stay alert because in minutes I will going to open up a position on Bitcoin because I see a interesting movement!!!
GBPY SHORT
Price has slowed down and is now looking to make a reversal or a retracement.
If you look to the left at previous price history you will see that price has met resistance at an area that previously acted as support.
In the bigger scheme of things price has been in a downtrend and i think i see price making a new Lower high on the bigger time frame.
I see price retracting to test the previous high. Then shooting back up to test the trendline (the red line), ultimately making a double top before falling yet again.....
Please Like, Follow or Comment. What do you think???????
AUDUSD H1 POSSIBLE BEARISH GARTLEY PATTERN SETUPHI there!
Here we might see a nice Possible bearish Gartley pattern Setup.
The pattern is also part of a nice BIGGER bearish movement.
AB=CD pattern also involved with the Gartley.
NICE pullback into Previous structure supp and resistance
Good Trading!