BITCOIN/USDT Potential test of the 86k LevelsThe distribution of Bitcoin still in power, building top structure can potentially gets us to 86k Levels.
Bearmarket
BTC.D - Doomsday or Expected?Evening fellas,
Remember back then when we would say "only the top 1% will actually make it"
Yeah, what about that? People seem to forget this market is extremely fake, full of shitcoins that will not go anywhere.
Trust me, the bottom for alts is not in. Minimum we go here is 75%.
Once the bitcoin maximalists have acquired enough btc by trading alt/btc pair they will dump everything they got back into only BTC.
Gonna leave this here.
Trade thirsty, my friends.
VIRTUAL - A Long Opportunity or More Pain Ahead?VIRTUAL has dropped over 50% from its all-time high of $5.14, now trading around $2.50. A head and shoulders pattern has formed, with price currently testing the neckline, a bearish sign that could signal further downside. Let’s break down potential targets and trade setups.
Key Levels and Support Zone:
1.) POC from December 2024 Range:
Located at $1.67, a significant level from previous trading activity
2.) Anchored VWAP:
Taken from the lows, currently around $1.62, reinforcing the $1.66 zone as strong support
3.) Fibonacci Retracement (Log Scale):
The 0.382 Fib from the recent wave sits at $1.77, providing additional confluence for the support area
4.) Trend-Based Fibonacci Extension:
The 0.786 Fib aligns at $1.71, further strengthening the $1.70–$1.80 range as a reliable support zone
Trade Setups:
Short Setup:
Entry: $2.836 (Fib retracement 0.618 from the current downtrend)
Target: around $1.80
Stop Loss: Above $3
Risk-to-Reward: 5:1
Potential Drop: 30–40% from the entry level
Long Setup:
Entry: $1.70–$1.80 range
Target: Depends on confirmation and take profit areas. A realistic initial target could be around $2-$2.30
Stop Loss: Below $1.52
Risk-to-Reward: 2:1 or better depending on take profit strategy
Once in 3 year signal gives you the big pictureI've analyzed the putcall ratio in this video to show how valuable the sentiment is in determining the direction of the market.
Nifty Weekend Update...alert!!!!Hey guys, currently nifty this week fall more then 4%, due to holidays FII are selling highly.
If you see the chart you can see nifty currently just above of 50WMA after huge selling pressure it still above the 50WMA, if this will break next week onwards we will enter a bear market for short term period, so in my opinion this is now a crucial moment so keep cash in hand for buying in the dip.
Another scenario if nifty will bounce break from this level or first breaking 50wma then trap all bears and then bounce back above 50WMA that will also good for nifty to continue its trend to 30K.
ETH Ethereum Bear Market If you haven`t bought the recent Double Bottom on Ethereum:
Now you need to know that historically, Ethereum has shown a tendency to retrace in December before starting a recovery around March. This pattern could repeat this season, with ETH facing selling pressure as year-end portfolio rebalancing and macro uncertainties weigh on the market.
While a brief Santa Claus rally might provide temporary relief, the bearish trend is expected to dominate until March. By then, ETH could trade below $3,000 before regaining momentum, aligning with its historical recovery trend as market conditions stabilize in spring.
Dent Projection for the next 18 monthsNo one gives this info for free, Enjoy it and get rich ,even if u have 10 cents to invest make it happen.
46x on the cards boy, shall this happen we get rich as duck.
A push down in to that zone 0.000650 to 0.000370 is likely to occur.
Then we drop the guns and wait ..... like a ticking time bomb.
Microsoft - Short Term Top Formation!Microsoft ( NASDAQ:MSFT ) could create a short term correction:
Click chart above to see the detailed analysis👆🏻
Almost for the entire year of 2024, Microsoft has been moving sideways and respecting the upper channel resistance trendline. It is quite likely that we will see a correction, considering that buyers are still weak, before we then see the overall trend continuation.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
Believe it or not, Bear Market is almost finishedhello traders
Bitcoin is outside its price range and approached a strong retracement area that is difficult to pass (MONTHLY IMBALANCE _ RESISTANCE BECOMES SUPPORT _ NOT FRESH DEMAND)
At least for the next period, Bitcoin will return to its price range, and there are other TARGETS that it can reach
Macys an american institution is in a fight for it's life....if it takes out that neckline.
"Macy's founded in 1858.
It is the largest department store company by retail sales in the United States as of 2015.
Macy's operates with over 700 stores in the United States. Its flagship store is located at Herald Square in the New York City borough of Manhattan.
The company had 130,000 employees and earned annual revenue of $24.8 billion as of 2017. ". - wikpedia
#M
#BITCOIN WEEKLY CANDLESTICK's ... LOOK PROMISINGAt least for a relief bounce to horizontal resistance
Taking things step by step
Level by level
Before we can call a reversal of course.
Bullish Divergence on the momentum structure as well
Nvidia - Consolidation Before -50% Drop!Nvidia ( NASDAQ:NVDA ) is preparing for the correction:
Click chart above to see the detailed analysis👆🏻
Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness.
Levels to watch: $120. $60
Keep your long term vision,
Philip (BasicTrading)
Bitcoin Market State - September 2024Everything has been moving pretty much as described in my last update half a year ago, however the projection for the top has changed.
It appears as though Bitcoin shall not break through 100k, but will instead front-run it at the 80k region. This is a deviation from my previous estimate, and is due to new data in the last 6 months.
Looking at the economic situation, we have finally started getting rate-cuts. This was one of the criteria for confirming that we are about to enter a recession-induced bear market in the near future.
High point rate-cuts by the Fed are a sign of policy panic, and reaction to a failing economy. The effects of these policy changes take many months to trickle down, therefore 2025 is looking like a losing position with reinforcement far away.
Only when the rates finally get below 1%, do I expect to see liquidity injections into the market.
Be aware, that this would be Bitcoin's first recession, hence the extended downtrend in both price and time.
The timeline remains the same for the top projection (November 2024 - March 2025), and the bear market target remains the same too (Sub 10k prices in 2026).
This is not financial advice, and is against popular opinion.
-Hawk
$SPX & $NQ Recession AlertBased 100% on the charts I believe we have begun a bear market. I provide several charts supporting my claim and time will tell if I am right or wrong. I provide a clear target and invalidation point.
Nothing I am saying is financial advice and this is all my opinion. You will lose your money following others opinions.
I have opened $2500 worth of calls on NASDAQ:SQQQ & AMEX:SPXU
Nasdaq - Here we finally go!TVC:NDQ is finally rejecting the resistance and creating the anticipated bearish correction.
Let me just put it that way: The correction was 100% anticipated and you can definitely then trade accordingly. Just a couple of weeks ago the Nasdaq retested a resistance which has been pushing price lower for 14 years - a correction was very likely. So far the Nasdaq is dropping significantly but I don't think that the current correction will actually be over soon...
Levels to watch: $16.000
Keep your long term vision,
Philip - BasicTrading
Russell 2000 fractal points to 40-60% dropRussell 2000 currently creating fractal.
Points to possible 40-60% downside.
This fractal creates:
- A top
- A bear flag
- A failed break to the upside
- A large break down after the failed break up
This fractal occurred in 2008 and 2020.
Both instances of recessionary bear markets.
This could play out similarly if we get a recession.
Price target is around 95 -100.
Trend is your Friend. #NKE is a prime example...fade the bullish moves
look for continuation down
that is going to be the money maker
shorting into resistance
not longing on reversals
Nikkei Hits Bear Market after BoJ HikeAfter a cautious approach away from its ultra-easy monetary setting, the Bank of Japan bolstered its normalization efforts last week. Policymakers raised rates to around 0.25% after the March watershed exit from sub-zero levels, pointed to more moves ahead and also announced sizable reduction in bond purchases.
This action signaled tightening resolve and also accelerated the Yen rebound, threatening to unravel the two key pillars of the stock markets’ rally to record highs. Along with broader recession fears after the US jobs report, JPN225 slumps into a bear market as it loses more than 20% for July’s all-time high and could be in for further losses.
On the other hand, the BoJ is still in accommodative territory and warned that could increase its bond buying if needed, while the broader market rout could push it back into a more conservative approach. Furthermore the rate differential is still huge and the carry trade may persist. From a technical standpoint the RSI points to the most oversold conditions in years and that could help JPN225 rebound out of bear territory and towards a cluster of hurdles that starts with the 200Days EMA, but significant sentiment improvement needed.
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Past Performance is not an indicator of future results.
SPY - AI ViewThis auto view shows a significant drop to SPY 2250 levels. Good idea to raise cash and sit back waiting for the dust to settle. But have been building a short position at the 5500 level.
S&P500 - The beginning of the bear market?SP:SPX potentially created a top and is starting to head lower for the next months.
We have patterns, cycles and market structure and if everything is lining up nicely, there is a high chance you will be right. The S&P500 is currently retesting a major multi-year resistance trendling, is starting to shift bearish on the smaller timeframes and just rallied +50% without any noticeable correction. In a couple of months, we will trade at lower levels!
Levels to watch: $5.500, $4.500
Keep your long term vision,
Philip - BasicTrading
Officially still in the bearmarketIt nuked down to 53K range but feeling its not over it ; it will still go below 57K.
This is pretty mid-short sell.
Do have a 50K feeling will hit even dip below 50K can happen
Im keeping it short as possible cuz i don't see any sign of buyers and bullish quite yet until the correction is finish.
Ill say the prediction won't be finish until we hit 50K even or somewhere around 40K area and i heard rumors that the bulls will get back until reach about 30k-35k
Im not a financial advisor so please don't ask if we hit a good trade; if its a stay away then don't trade and use your own analysis instead. Safe trading yall
Bitcoin - Your Ultimate Guide to Mastering the MarketOverview:
The Bitcoin market is on the brink of another explosive surge. Understanding the technical patterns and market movements is crucial to positioning yourself for incredible gains. Let’s delve into a comprehensive analysis based on historical data and predictive patterns to map out the future of Bitcoin.
Historical Context:
The previous Bitcoin bull market, spanning 1060 days, saw an astounding 2000% surge, from a low of $3,156 to an all-time high of $69,137. This cycle completed a textbook 5-wave Elliott Wave structure, giving us invaluable insights into the current market dynamics.
Current Bull Market Insights:
The current bull market commenced on November 21, 2022, at $15,476. We’ve completed wave 3 as of March 14, 2024, with a new all-time high of $73,777. Now, we find ourselves in wave 4, a critical phase that demands our attention.
Wave 4 Analysis:
Wave 2 correction lasted 150 days, a duration that sets a precedent for wave 4. Assuming similar symmetry, wave 4 is expected to bottom out on August 11, 2024. This wave is unfolding as an ABC corrective pattern, a common and predictable formation in Elliott Wave Theory.
While it's possible that the ABC correction could be complete, if another drop arises to the $50K region, it will present an incredible opportunity for a long position.
Key Levels and Fibonacci Retracements:
Fibonacci Levels: Wave 4 typically retraces to Fibonacci levels of 0.382, 0.5, or 0.618. For wave 3, a 0.5 retracement aligns at the $50,000 level, a psychological and technical support.
Anchored VWAP: Drawing from the start of wave 2, the VWAP aligns perfectly at around $50.7K, reinforcing this level as a robust support.
Previous Bear Market Fibonacci: The 0.618 retracement of the previous bear market further consolidates the importance of the $50K support level.
Pitchfork Analysis:
Utilizing the pitchfork tool from the last bull market, we identify the golden pocket support at the $50K level. This tool has proven effective for long-term price monitoring and shows the potential for Bitcoin to reach $100K by September/October 2025, where the golden pocket resistance area lies.
Strategic Plan:
Monitor the $50K Level: Anticipate a significant demand at this crucial support level.
Wave 5 Target: A Fibonacci extension of 1.618 projects wave 5 to peak around $100K, possibly by next year’s September/October.
Altcoin Opportunities: With altcoins experiencing drops of 70-90%, they are at a substantial discount, presenting lucrative investment opportunities.
Action Plan:
Dollar-Cost Averaging (DCA): Begin accumulating Bitcoin and select altcoins. The $GETTEX:52K-$50K range is an ideal buying zone.
Stay Vigilant: The next few months are pivotal. Monitor price actions and market sentiment closely.
Position Yourself for Success: Great things are coming. Believe in the plan and prepare for the next wave of the bull market.
Conclusion:
The current bearish trend is merely a precursor to an impending bull run. Now is the time to pay attention, make informed decisions and position yourself strategically in the market. With the right approach, the rewards can be extraordinary. Let this technical analysis be your guide to navigating and mastering the Bitcoin market. Stay focused, stay prepared and get ready for the ride of a lifetime.
Happy trading folks! =)
