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Bearmarket

Double Top Pattern on Golden Pocket I would like to draw your attention to an intriguing technical pattern that has formed on the charts: the Double Top Pattern on the Golden Pocket. This pattern combines the classic Double Top formation with Fibonacci retracement levels of 0.618 and 0.65, creating a potentially significant trading opportunity. A double top pattern is a bearish reversal pattern that occurs after an uptrend. It consists of two price peaks that reach a similar level, separated by a valley known as the neckline. The double top pattern suggests a weakening of the bullish momentum, indicating a potential trend reversal to the downside. Now, let's incorporate the Golden Pocket concept into this pattern. The Golden Pocket refers to Fibonacci retracement levels of 0.618 and 0.65, which are significant areas where price retracements often find support or resistance. When a double top pattern coincides with these Fibonacci levels, it adds an extra layer of confluence and increases the pattern's potential significance. The combination of the double top formation and the Golden Pocket suggests that the market may experience increased selling pressure around these levels. Traders could consider this as a potential opportunity to enter short positions, anticipating a downward move in price. To take advantage of this setup, here's a suggested trading plan: 1. Identify the double top formation with clear swing highs and the neckline. 2. Confirm the presence of the Fibonacci retracement levels of 0.618 and 0.65 coinciding with the double top. 3. Wait for a bearish confirmation signal, such as a close below the neckline or a breakdown of a significant support level. 4. Place a stop loss above the second peak of the double top to manage risk. 5. Set a profit target based on your risk-reward ratio or previous support levels. Remember, as with any trading strategy, it is essential to conduct proper risk management, use appropriate position sizing, and consider other technical and fundamental factors that may affect the market. Keep a close eye on price action and be ready to adapt your strategy based on market developments. Trading involves risk, and it's crucial to stay disciplined and adhere to your trading plan. Wishing you successful trading, Sailortrades
INDEX:BTCUSDShort
by sailortrades
BTCUSDT - has bull market really been started? Hello, dear friends! Bitcoin has approached to the critical price level where most of traders are struggling to define if now still the bear market or the bull market has been already strated. In today's article we will try to bring together many facts and make the conclusion about what is coming next. Let's go! BEAR MARKET STRUCTURE I have see many opinions that bear market has been started on November 2021, but I suppose it has started much earlier - in April 2021. My first evidence of this assumption is that maximum euphoria was in April, where we saw the largest altseason ever. Remember, many altcoins made 10-100x in those period. After OKX:BTCUSDT faced with the corrective move in wave A. The wave B was very tricky, it broke through the previous ATH which made a lot of traders confused. But in November 2021 only BTC and fundamental altcoins set the new ATH, like ETH, ATOM and DOT. So-called "shitcoins" demonstrated very weak pump and retraced only to 0.61 Fibonacci. To sum up this part of analysis, I consider now Bitcoin is finishing the wave C before the new bull market. WAVE C STRUCTURE Our main purpose now is to anticipate where the wave C could be ended to invest in crypto. Wave C should consists of 5 waves. Awesome oscillator is our best tool to identify the waves. The minimum AO value corresponds to the wave 3 bottom. Yes, It was at $17500, not at $15500. In my opinion, wave 4 has the shape of complex correction - very tricky one for all traders. I suppose that wave 4 has been finished in two reasons: BTC reached the 0.38-0.5 Fibonacci area and AO crossed the zero line. WHAT IS THE BEAR MARKET TARGET PRICE? I consider the wave 5 ahead. It's to fearfull that the potential target for this wave is located between $9k and $10k. There I plan to invest in Bitcoin and some fundamental altcoins. I suppose most of altcoins will disappear at such low price levels. Anyway we have the clear scenario invalidation level. If Bitcoin will break through the $32800 - wave 1 bottom level, my Elliott wave formation is gonna be failed. In updates I am going to add this idea with local scenarios which supports this scenario.
Short
by Skyrexio
45
BTC: 2021 on repeat! 13.5k can happen!Here's a quick comparison of two periods in bitcoins history The current market period appears to unfold similarly to the one observed in 2021. If this trend continues, the market will likely experience a downward movement, potentially leading to a decline in value to 13.5k. While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present. Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement. The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case. The US interest rate has reached the same level as it was during the onset of the 2008 Financial Crisis market decline. This should be taken into consideration. Despite this, on Twitter, someone claims almost every other day that BTC will reach 100k soon. However, in my opinion, this is complete nonsense. Given the current state of the financial market, it's not ready for a sustained uptrend. Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves. With regards to Altcoins t appears that the overall market is experiencing a weakening trend. Suppose BTC continues to decline from its current position; the Altcoin market cap is expected to break below its recent uptrend. This could potentially lead to a significant drop in the altcoin market cap, down to around 300B. Given these circumstances, it may be wise for individuals to avoid investing in ALTCOINS for now and instead wait for more favorable market conditions to emerge. Also, Current market conditions suggest that many altcoins are exhibiting a bearish outlook, with many having breached their BTC-pair support levels. This indicates that in the event of another drop in BTC prices, altcoins will likely suffer significant losses. I project that a 50-70% decline in altcoins may occur before August. I maintain a highly bearish stance regarding the upcoming summer period, which seems to resemble the summer period of 2021. I expect the bottom to be between 8k and 12k!
Short
by MBM_Crypto
30
BTC: 2021 on repeat! 13.5k can happen!Here's a quick comparison of two periods in bitcoins history It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k. While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present. Trade safe!! ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- Recent Altcoin trades: ARB / USDT: 30% profit! ROSE / USDT: 5% profit! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Short
by MBM_Crypto
61
BTC: Forming a bearish patern!Upon examination, it is evident that the price has been forming a bear flag which Is a bearish pattern. If the support zone breaks, a move down to 27.5k will likely happen! If we zoom out to the 8 hr. chart, we observe that the price has been forming a bigger head and shoulders pattern, which also is a bearish pattern! If the price breaks below the neckline, it will most likely fill the fair value- and CME gap. Or one would say that the price is forming a bigger triangle formation: Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present. Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement. The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case. Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves. In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level in the future.
Short
by MBM_Crypto
10
BTC: Dont forget these gaps- They will get filled soon! After examining the chart, it appears that the price of BTC is forming a head-and-shoulders pattern, which is typically indicative of a weakening trend. If the price breaks below the neckline, it will most likely fill the fair value- and CME gap. Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present. Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement. The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case. Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Short
by MBM_Crypto
24
BTC: A bigger move will happen soon!After examining the chart, it appears that the price of BTC is forming a triangle pattern. If the price breaks below the triangle, it will most likely fill the fair value- and CME gap! Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present. Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement. The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case. Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Short
by MBM_Crypto
8
BTC: Possible triangle formation! After examining the chart, it appears that the price of BTC is forming a triangle pattern. If the price breaks below the triangle, it will most likely fill the fair value- and CME gap! Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present. Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement. The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case. Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Short
by MBM_Crypto
18
GBPJPY Short / SellMany pairs have already moved like the CURRENCYCOM:US500 CURRENCYCOM:US500 and FX:USDJPY #USDJPY I'm going off yesterday's bearish momentum and even the bear momentum for the entire week. #bear #trend is still holding strong. I feel uncomfortable placing this trade as all other pairs I've been looking at as already moved and I did not get the SL that I wanted on this entry (fat fingered and placed it on dotted line. However, the things I am seeing here: Pros: - Broken of EMAs - Broken of ARL (Asia Range Low) - Bear momentum/trend still holdig. - 3 A2 setups have reached TP levels. - Good SL placement and room above ARL, ARH (Asia Range High), and above 8,21,50emas. Cons: - entry candle for A1 is overextended
Short
by Reid_Hicks
USDJPY, Short, 4hr UJ hit the daily high level of 137.777 early this morning before taking a big leap down to 135.400 area. Currently looking for price to touch and resist the next supply located in the 137.000 area. Once price rises and rejects this area of 137/000, it will be in your best interest to take a sell if you have a similar set up. Will this be a short term bear cycle or are the bears in control of the market this week? If there are any questions, comments, or concerns please don't hesitate to leave a comment. If this set up is similar to yours or you believe this is a great setup please share, like, and leave a comment
Short
by NoPumpFakesFx
Spy500: Elliot wave. Zoom out. Bigger correction incoming Studied Elliot wave theory only for about 2 years. Any input appreciated. Is anyone seeing this? IMO, I believe we could hit wave 5 of 3 hit the 4.236 fib and then big correction incoming. If fed continues to raise hike, war escalates, hyperinflation, etc - I believe we may have already complete this wave and we could be just on the BRINK of a much bigger bear market. In which case, further pain must happen and spy could go as low as 215.
AMEX:SPY
by knee000
#Bitcoin bear market Bottom 2022if we go back by time between bottoms and top and halving this is what we got if you know what i mean!! µ we are already in the final first half of the bear market, and i think now we are in the seconde (last half) the same time of the last bear mrket the bitcoin Dominance was at the same levels i expect big pumpto 60/70% on the dominance and big dump on the Bitcoin price ... im already in accumulation phase right now already invest 10% of my wallet, lets get the party start.
INDEX:BTCUSDLong
by Yassine_Houd
GBPUSD Bearish Outlook?Last week, the GBPUSD pair consolidated, ranging between 1.23757 and 1.23532, with no significant changes to shift our bias. Technical analysis indicates a bearish outlook for the upcoming week, as the cable struggles to maintain its bullish momentum. The 20-day EMA acts as support for now, but its strength remains questionable. On the 4-hour and 1-hour timeframes, the GBPUSD shows potential bearish signs. The MACD is below the zero line, and divergence from last week's analysis is still valid. The pair may break support and trade bearish unless critical resistance levels on the daily and 1-hour timeframes hold. Fundamental factors also play a role in the GBPUSD forecast. While there is no significant GBP news, several high-impact USD events may cause volatility. Key events include CB Consumer Confidence, New Home Sales, Core Durable Goods Orders, Advance GDP, Unemployment Claims, and Core PCE Price Index. In conclusion, the GBPUSD forecast for the coming week is bearish, with technical and fundamental factors contributing to potential downward movement. Traders should monitor key events and employ proper risk management while navigating the forex market. Please hit the boost and follow for updates in the coming week. Thanks for doing just that!
by ClintOnos