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Bearish Trend Line

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. For more analysis, hit "Like" and "Follow"!
SP:SPXShort
by UnknownUnicorn2537518
53
📉✌ETH 1H Short Position : Risky✌📈BINANCE:ETHUSDT COINBASE:ETHUSD Hi traders, first take a look at my previous analysis and positions. From now on by the time the price reaches the yellow lines, you can open a short position in two or three steps. If the price falls and reaches the risk-free level, you can risk-free your position. TP1-2-3-4 are on the chart. The optimum stop-loss is above the determined lines. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
2
📉✌BTC 1H Short Position : Risky✌📈BINANCE:BTCUSDT COINBASE:BTCUSD Hi traders, first take a look at my previous analysis and positions. by the time the price is in the middle of the yellow lines, you can open a short position in two or three steps. If the price falls and reaches the risk-free level, you can risk-free your position. TP1-2-3-4 are on the chart. The optimum stop-loss is above the determined lines. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
6
Terra LUNC | Last chance to sell before it crashes again! LUNC now offers an amazing opportunity to sell your coins before it crashes again, which is really great! Also, you can enter a short position on the futures market to profit from this upcoming move to the downside. This chart is definitely not bullish. I see a big bearish downtrend that is in progress. The price is clearly moving in the parallel descending channel on the 4h chart, so theoretically we can still go up a little bit. According to my Elliott Wave analysis, the first impulse wave has finished and we are in an ABC correction followed by another impulse to the downside. My target is 0.00012000 USDT, then maybe we can start a brand new uptrend to new all-time highs. It's possible, but I am not buying anything named LUNA, LUNA2 or LUNC. In my opinion, the volatility will go down and the price will go down slowly. Forget about LUNC, you are too late for the bull party. If you are a lover, buy it lower. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
65
Bitcoin - Uptrend before a massive crash! The trend is clearly descending and there is absolutely no sign of a trend reversal at this moment. The bears are extremely strong and I don't see any hope for a greater bullish price action. However, we can definitely experience a relief rally back to 21300 USDT and even break the trendline temporarily, where everyone can get caught like a deer in the headlight? On this daily chart, we can spot a descending triangle, and we can go sideways for another month and consolidate in this descending triangle. I would not be surprised at all if this happens. After the price breaks the triangle, I expect 12500 USDT as a potential reversal point. I think this crash will be very fast and will be followed by a huge bullish candle, so you want to set your limit orders to catch this upcoming flash crash. November and December can be very bullish months for Bitcoin, so you don't want to miss it at all cost. The good news is that the stock market and gold are already crashing while Bitcoin is relatively strong, to my surprise. On the 4h chart, Ethereum also shows a sign of a temporary relief uptrend, as does XRP and other altcoins. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
58
Ripple XRP - Bull trap! Don't fall for this pump, important! This pump on XRP is a bull trap to wipe out short traders before we continue lower to 0.1-0.2 USDT. Of course, you can trade XRP on the 1h chart and profit from this pump, but this analysis is on the 3D chart. There is still room to go to the upside, so for short-term traders it's definitely an opportunity, but it's very dangerous in my opinion because this correction might already be complete. The Bears have a fantastic opportunity to enter a short position at the top of the parallel channel + the POC of the previous symmetrical triangle. It is a common thing to re-test the symmetrical triangle at the apex point. The trend is still very bearish on the higher timeframes, so this is just a temporary uptrend, which I would never long, because the trend is your friend. I don't know, maybe it is. XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market. We have strong support at 0.1 USDT, where we can also take stop losses below this swing low before continuing higher. As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward. But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
45
DOGE - Brutal sleeping giant! Huge falling wedge The doges are still sleeping and we need more time to start a new uptrend, much more time than I expected previously due to fundamental changes in global economy. I belieave we will have a very nice rally after we finish this falling wedge on the daily / weekly timeframe! But for now, the bears are still powerful. The falling wedge is really beautiful, I like it! Unfortunately we have only 2 touches on the downward trendline and that's not enough in my opinion. According to my Elliott Wave analysis, we need to complete this impulse wave with another impulse to the downside because this structure is incomplete and I don't really see it as an ABC correction. We don't know where the fifth wave is going to end, I think we can touch the downward trendline 2x more times with a divergence on the daily chart. I think DOGE is a great altcoin and definitely will have a place on the ladder of coinmarketcap, because it's a very popular coin and people like it. Elon Musk is also a fan.  For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
26
UniSwap - Bulls are trapped in the channel! What next? The bulls are still trapped in this descending parallel channel, so the bears are in full control and the bearish trend is intact!  There is a strong possibility of another 67% drop in this particular downtrend before we see a stronger uptrend.  According to my Elliott Wave analysis, an impulse wave is still not finished and we are looking for another leg downward.  Buy UNISWAP at the bottom of the channel, or 1.8, where I expect a massive bounce! I don't know if we will reach this level, but if yes, then this is a great buying opportunity!  The fundamentals are absolutely terrible right now for the stock market and crypto, and this trend may continue for another years. UniSwap is the most popular decentralized trading protocol, but it looks like the whales want to buy it cheaper. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
48
STEPN GMT - 77% crash is imminent! | Bearish channel The price action on the GMT token is terrible. Since the peak in April 2022, the bulls have disappeared and the price is going down pretty quickly! I expect a 77% crash in the immediate short term. If you like this coin, you can definitely buy it for a cheaper price in the future, but for now, I would stay away. As you can clearly see, we are trending in this massive descending parallel channel on the daily timeframe , and it's really possible that we are going to touch the channel at the downward trendline. According to my Elliott Wave analysis, we need to complete an ABC correction before the start of a new bull market. We started with a strong impulse wave in 2022, which gives us hope for much higher prices in the future. I think STEPN is a great brand, but as I said, we need more time to shake out hodlers first, so whales can buy it cheaper. This altcoin is very popular with retail investors and traders, which is a great sign for the future. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
43
Bitcoin to 13k next month! Bear flag is breaking down! The bear market is really powerful and steep. It appears that with this speed we will definitely hit 13k next month, or the price may print a triangle before another leg down!  The dollar is extremely strong and everyone is escaping to cash because cash is king? I don't know, you tell me. Bonds are rising and so are interest rates. I am pretty confident we have a massive support at 13k, which is a great buying opportunity for a mid-term bounce!  On the chart you see the potential for a textbook impulse Elliott Wave, which is a sign of the start of a huge bear market, not the end.  After we hit 13k, I expect an ABC retracement back to 25k as a wave B and then another impulse wave downward to 3k-6k. I know it seems crazy, but it can happen as per Elliott Wave rules. This bear market can last kindly 4-7 years, and after 10 years we can reach new all-time highs, which will be the longest bear market in history. The bull cycle 2009–2021 is over. The bear cycle 2021-2026 begins? This analysis is just a scenario, and I would love to be wrong. I really don't want bear markets. This is really the last thing I want. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
134
Cardano ADA - The worst altcoin! When next crash? You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year!  Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party.  The market structure is insanely bearish and we have a descending triangle on the daily chart that will break down with a high probability. ADA is going sideways from May 2022, and the buyers are simply not here at this moment. The price is making lower highs and now the price is being compressed in this triangle formation.  Also, we have a massive broadening wedge, so you might want to wait for a breakout before enetering a long position, or you can catch the falling knife exactly at my support level, as you can see on the chart. My Elliott Wave analysis suggests we have an incomplete ABC structure and we should expect 2 more impulsive waves downward, so another 63% crash is definitely possible!  The bears are in power and I would not play with them at all cost. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
65
Stellar XLM - Huge dump is incoming! Falling wedge + triangle On the daily/3D chart, we have a pretty strong bearish downtrend. We just hit a brand new low a few days ago, so it's really not looking good at all. We can spot a triple bottom, which is usually a sign of a descending triangle pattern or a rectangle continuation pattern. There is a lot of liquidity below this level and the market usually comes for the stop losses. The chart is printing a falling wedge and a local descending triangle. Both of them have a bearish bias until we break these patterns. We deeply need to go down for the final fifth impulse wave to complete this ABC correction. Because otherwise, if we pump now, then this structure was an impulse and it's going to be a dead cat bounce rally, followed by another bear market below 0.026 USDT. XLM is a great coin and I believe we will have a massive pump in 2023-2024, but for now it's still bearish and we need more confirmation to buy this altcoin. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
45
✅Bitcoin - You haven't seen this before! New triangle + wedge Everyone is extremely bullish right now and is saying the bottom is in. But I am still very sceptical. We are having a relief uptrend as predicted in my last analysis. The downtrend is really strong and there is absolutely no sign of a trend reversal at this moment! As you can see on the weekly chart, we have an incomplete falling wedge pattern and clearly there is still a lot of price action missing. It looks like we are creating a trading range on the daily chart. Something like a symmetrical or descending triangle. Regarding my Elliott Wave analysis, I think we can create some kind of triangular formation before continuing lower. The question is, how much lower can we go? We have a gap at 12 500 USDT, which is a reasonable target and the one and only one support on this particular chart. We can use a fibonacci extension from wave 3 to wave 4, but it's still too early because we don't know if wave 4 was completed or not. If the trading range is confirmed, then altcoins can moon during this phase and Bitcoin's dominance should continue in the downtrend. For more analysis, hit "Like" and "Follow"!
by UnknownUnicorn2537518
66
ETH Quietly Breaks above Down Trendline ahead of the MergePrimary Chart: ETH Quietly Breaks above Downward Trendline ahead of the Merge Could ETH be strengthening in the short-term ahead of its long-awaited merge event? After crypto market's devastating bear market this year, including the bankruptcies of some crypto firms, an upgrade to ETH's network is set to occur mid-September 2022. This so-called merge event provides a technical upgrade that enthusiasts claim will make ETH's network more energy efficient and may lay the foundation for reducing the cost of ETH transactions—both of which make it more efficient compared to other networks like BTC. One analyst at Citibank says that the merge may make the network more likely to be adopted by the average person. With the merge date approaching within two weeks, ETH is showing strength, especially when compared to BTC. Consider the following comparison between MATIC, ETH and BTC, posted a couple days ago, where BTC has shown significance weakness relative to both ETH and MATIC. Both ETH and MATIC have held above key Fibonacci support levels whereas BTC has held below the same Fibonacci levels. ETH Breaks above One Key Level, but More Resistance Lies Above Ahead of ETH's merge on September 15, 2022, ETH has quietly broken above a downward trendline. This may have some significance, and supports the idea that the case for the next few weeks is not necessarily as bearish as everyone may expect. Note that this is a short-term view only. The longer-term downtrend and bear market in crypto is very much intact and will take far more than two to three weeks of bullish price action. The Primary Chart above shows the key resistance levels along with the trendline that was recently broken. These levels are labeled on the chart as $1654.31, $1726.04, and $1797.77. Note that $1654.31 as a Fibonacci retracement level also coincides with highs and lows in late August 2022 and early September 2022. This level must be recaptured before any further short-term rally can occur. The next major resistance at $1726.04 is a Fibonacci .50 retracement of the recent decline from the high on August 14. This level aligns with the highs on August 25 as well. The final resistance level is at $1797.77 and is the more important .618 retracement of the recent 2-3 week decline. Supporting the idea that prices may move higher the next couple weeks is the fact that ETH has held support at the .50 retracement of its 3-month summer rally this year. This retracement level equals $1455.78. Supplementary Chart A: ETH's Fibonacci Retracements for the June-August 2022 Rally Comparison to BTC's Recent Price Action BTC has arguably risen above its downward trendline from mid-August 2022 highs. But BTCUSD's breakout looks a lot weaker overall. In general, it is less decisive than ETH's break, probably due to the fact of the upcoming merge for ETH improving its technology. Depending on slight adjustments to BTC's trendline that are within the range of reasonableness, price may still be deemed to be struggling below the trendline or may be barely holding above it. See Supplementary Chart B below. Supplementary Chart B: BTC's Weaker Action at Downward Trendline Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. BITSTAMP:BTCUSD COINBASE:BTCUSD KRAKEN:BTCUSD BINANCE:BTCUSDT FTX:BITOUSD CME:BTC1! CME:ETH1! BINANCE:ETHUSDT BITSTAMP:ETHUSD COINBASE:ETHUSD
Long
by SquishTrade
4
EURUSD - The downtrend is at the end! Elliott Wave + Channel The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level.  On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like divergences, this is definitely your cup of tea.  As per my Elliott Wave analysis, this huge downtrend should be over (or 1 last wave to the downside), and that's why I expect a corrective move to the upside (ABC correction). Let's see how big this upcoming retracement is going to be.  On the daily chart, we can spot a beautiful descending parallel channel, and if you prefer to wait for confirmation of my bias, then you can wait for the channel to breakout.  As you can see on the chart, we had 2 fakeouts during this downtrend, which indicated a corrective move. Usually, the third breakout is real!  The profit target is at 0.618 FIB + the start of wave 4. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
38
Ripple XRP - Market overview + Elliott Wave analysis XRP is a very weak coin this year, and this trend will probably continue for another year. I'll tell you why.  During the bull market in 2020–2021, XRP failed to print an impulsive wave and also failed to make a new all-time high. Instead of an impulsive structure, we have an ABC correction. This tells us that the bulls are not strong enough yet to push the price higher and that the bears remain in full control. I think XRP will experience a massive uptrend on the weekly chart, but we still need to be patient and wait for the opportunity that should come later in 2023–2024.  As per my Elliott Wave analysis, this bearish structure is absolutely incomplete, and that's why I expect another down-trend. The chart printed a symmetrical triangle on the weekly chart that broke down. Symmetrical triangles on weekly timeframes are especially powerful, and it usually requires more time for the bulls to regain strength again. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
29
Structural Progress Remains Elusive for BTCUSDPrimary Chart: Showing Major Retracement Levels for BTCUSD's Entire Bear-Market Decline with Accompanying Down Trendline Since November 2021 to early January 2022, equities and cryptocurrencies have experienced a bear market. The selloff has been more pronounced in crypto assets than in equities generally, although certain segments of equity markets have paralleled (in percentage terms) the massive declines seen in crypto. BTCUSD Has Not Reached Key Fibonacci Retracements Like Equity Indices Have The Primary Chart at the top of this article shows the major retracement levels for BTC's entire bear-market decline. Note how BTC's 43% rally from June 2022 lows has still not meaningfully approached its .382 retracement level of its entire bear-market decline. By inference, if BTC hasn't been able to approach its lowest .382 retracement level, it has come nowhere near its .50 or .618 retracement levels, labeled on the Primary Chart above. Supplementary Chart A below shows an example of one of the world's leading equity indices, the US S&P 500, having reached and even surpassed critical retracement levels in the powerful rally off June 2022 lows. Whether this rally is a bear rally or an actual trend reversal is hotly debated in the financial media, but the outcome remains uncertain despite confident forecasts in both directions. More importantly, note how the S&P 500 ( SP:SPX ) has exceeded both its .382 retracement and its .50 retracement of its bear-market decline. In fact, it is approaching its .618 retracement of its YTD decline. When price closes in on a key level of multi-month importance, it often will find a way to touch that level given the magnetic effect it has. Supplementary Chart A: Two Key Fibonacci Retracement Levels for the YTD Decline in S&P 500 ( OANDA:SPX500USD ) Key Levels in Proximity to BTCUSD's Current Price As shown in Supplementary Chart B, BTC has remained in a parallel channel off the June 17, 2022 lows. Some might argue this technically works as a bear flag pattern—confirmation would be a downward breakout that holds below the upward trendline forming the base of the channel. In any event, this channel has contained price since mid-June 2022 lows. The return line (top line of the channel) lies near $25,700 to $26,282. This should prove to be strong resistance in the coming week. The lower line ranges from about $22,200 to $23,100, which should prove to be support—and given that the downtrend line remains intact, this should also be watched for a break. The .382 retracement of the second leg of this bear market lies at $29,297. If BTC can break above its downward trendline —indeed, this would be a feat should it occur—the .382 should then also be watched to determine how price responds. This should serve as decent resistance at least on any initial attempt to push above it. but traders and market watchers should remain open-minded and flexible to see whether BTC could break above this level as equity indices have done. With FOMC minutes being published Wednesday Supplementary Chart B: BTCUSD's Down Trendline and Fibonacci Retracements for the Second Leg of This Bear-Market Decline Starting at March 28, 2022, Swing Highs Ichimoku Cloud Remains Bearish with a Hint of a Change The Ichimoku Cloud can sometimes offer an additional perspective. The cloud remains bearish—red and downward sloping. (The mechanics of the cloud's color changes are beyond the scope of this article.) The could twists and turns green, however, in late August 2022 / early September 2022. Such cloud formations can suggest the potential for a shift in trend—but no guarantee. Currently, price is meeting powerful resistance along the upper edge of the cloud's SSB (Senkou Span B) line. See Supplementary Chart C (below). This line works as resistance from about $24,700 to $25,000. This SSB line represents the mid-point of a 52-day period on the daily chart. Several candles have touched, briefly pierced, and then failed back below this key level. This shows that the level is holding a strong resistance for now. Supplementary Chart C: BTCUSD's Ichimoku Cloud Chart on the Daily Time Frame The weekly Ichimoku Chart remains more bearish in appearance. The cloud remains thick and red with no trace of a bullish twist in the future that could imply a possibility for clear skies ahead for BTC. The weekly chart also shows price significantly below the cloud, and even well below the Kijun line (blue), while having risen above the Tenkan line (gold). See Supplementary Chart D (below). Supplementary Chart D: BTCUSD's Ichimoku Cloud Chart on the Weekly Time Frame The author has no open position at the time of publication (August 17, 2022) on BTCUSD or BTC-related investment products such as BTC futures, BTC ETFs (BITO) or BTC derivatives. This article is intended to present a relatively unbiased technical analysis of BTC's DISCLAIMER: This post is published solely for educational / entertainment purposes and does not constitute financial advice or an investment recommendation and cannot account for any person's particular financial circumstances. The author would not want other investors / traders to lose money by relying *solely* on this idea rather than doing their own due diligence. Before entering any trade, please evaluate the risks of (i) the instrument / security being traded, (ii) the type of trade and its timeframe, (iii) risks inherent in that type of trade and its time frame, (iv) the inherent risks of shorting securities (presenting unlimited risk without hard stops in place), (v) the inherent risks of trading options, leveraged ETFs, and cryptocurrencies, and (vi) all financial risks arising each person's personal financial circumstances. CME:BTC1! BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT FTX:BITOUSD SP:SPX OANDA:SPX500USD VANTAGE:SP500
BITSTAMP:BTCUSD
by SquishTrade
4
Bitcoin - Last valid bullish EW count was invalidated, what now? I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem?  From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes be a diagonal, not only an impulse. which I think could be true.  2) This was a huge WXYXZ corrective structure and we must go below 17622 USDT to confirm this count, make a new low, kindly by a wick, and then we can start a brand new uptrend or continue lower to 13-15k.  Which one of these options do you see? Let me know in the comment section what you think about it!  This technical analysis shows an impulsive wave with a non-standard diagonal third wave. We still have a total of 9 waves, which indicates a bullish movement as per the simple rule that 5, 9, 13, 17,... waves are generally impulsive structures.  Market structures are not perfect. Sometimes you can see a weird triangle or a weird wedge, as well as a weird impulsive wave. I don't trade Bitcoin, because my strategy and system is a strict pattern that occurs only sometimes in the market. That's why I watch 1000+ altcoins and pick only the most promising ones as per my strategy. But I do have Bitcoin for the longterm hodl.  For more ideas, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
75
MDX - Prepare for a massive breakout! + Huge parallel channel MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout! Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside. Also we have a local rectangle consolidation, which is always very good to see at the end of the downtrend for a potential breakout trade. The first profit target is at the strong resistance - wave (4) + double TOP, but i think we can go even higher later. I think MDX is a great choice together with KP3R! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
MLong
by UnknownUnicorn2537518
47