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Bearmarket

BTC - last push to 29k and then down! Here's a quick look at the 1 hr. BTC chart. As we can see, the price is currently forming a bear flag, a bearish pattern, and a decisive move could be around the corner! We may see a push to 29k to close the CME gap. Any decision by the Federal Reserve to increase interest rates by 50 basis points would likely result in a considerable market downturn. So, it would be advisable to closely monitor the outcome of the upcoming FOMC meeting tomorrow. The existence of CME- and Fair Value gaps below the current price implies an eventual downward correction. Moreover, the overall sentiment is not bullish, and the possibility of an unforeseeable black swan event remains! ------------------------------------------- Key Dates to Watch in March: 21/22 Mar: FOMC Meeting 30 Mar: GDP Report ------------------------------------------- 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
19
SHIB - Keep an eye on this level!Here's a quick look at the 8 hr . SHIB chart. As we can see, the price is getting closer to the trendline, and a break to the upside could be around the corner! BTC is close to a more significant resistance zone (29k zone), and one should be careful when trading! ------------------------------------------- The idea is: Buy when the price breaks above 0.0000112$ and take profits at the levels shown in the chart. Targets: 1. 0.0000115$ 2. 0.00001169$ 3. 0.0000122$ 4. 0.0000128$ ------------------------------------------- Key Dates to Watch in March: 22 Mar: FOMC Meeting 30 Mar: GDP Report ------------------------------------------- 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!
by MBM_Crypto
2
GBPJPY: BEARISH OUTLOOKThe GBPJPY trend for the month of March has been quite bearish, with the pair experiencing a significant decrease in value from 164.505 to 158.549, representing a decline of approximately 550 pips. This decline has been consistent across both daily and H4 time frames, indicating that the bearish order flow is quite strong and sustained. Despite this trend, there was a notable correction in the GBPJPY pair's trajectory, where the price experienced a deep correction to the 164.230 region, creating a double top pattern. This pattern drove the price further down to the 159.188 region, reinforcing the bearish structure. As the bearish structure is still intact, there is a high probability that the pair will continue on its downward trajectory. However, there may be a temporary push towards the 161.419 region before experiencing further downward pressure. It is important to note that any upward break of the 2nd layer trendline would signal the possibility of buyers gaining control, which might be an indication of a potential trend reversal. Based on this analysis, my short term target would be 159.750 value within the support zone while my medium term target is contingent upon the breaking of the support zone. If broken, I will be targeting the 158.362 liquidity zone.
Short
by Samuel124
BTC SHORT, BEAR'S LAST STANDA lot of resistance at ~24.5k, coming from a long-term channel since the ATH, and the local high of ~25k in mid-Aug. Shorting given a recent decline in volume and OI slightly declining at these prices. . However, upon doing so one must consider the bull/bear case that may play out. BULL : Nov. 15k was the bottom, and we may either be in a new bull market cycle or still within a bull market that started in 2018 on the way to 100k by EOY. For this to be the case, we must hold ~18.5k-19k, with no daily closes below it, and allow a re-entry, followed by a smash over 25k. Once done, bears have a final stand of ~27k which currently follows the 12-month MA on the BTC spot index chart. If we close above the 52-week MA, the bear market is over. VWAP lines represent areas of resistance if the bull case plays out. There is some evidence of a parabolic move possibly playing out thanks to TechDev_52's tweet of a correlation between BTC and Global Liquidity (CN10Y/DXY) where "Every ATH-setting move began after CN10Y/DXY closed above its 3W 20MA" with every "major impulse topped *at most* 12 months later". So, at worst a parabolic run could come by to stop by Nov. 2023 Failure with that brings the bear case... BEAR : Bottom not in given macro conditions and projections on SP500, which could be correlated with BTC. 24k strong resistance, we correct past the CME gap at 20k, play around with 19k followed by a sudden close under it, which can bring us to 14k, maybe even 12.5k. There is a minor "NEUTRAL" case where a double bottom could form ~14.5-15k, where we do get a bull re-entry as noted on the chart, break 25k, and then get slapped hard at 27k-34k, all the way back down to 24k followed by 14-16k, and then trigger another bull re-entry similar to how 2019-2020 played out or even back in 2015 that had a double bottom. I was wrong on the last BTC trade as the trend changed on Jan. 12th following a possible short-term regime change around EOY 2022, be it market participants entering back in after selling off in Q4 for tax reasons, macro liquidity flows, etc. Overall, I think we'll range for a while between 27k-14k, followed by another explosive move on the low end of that range toward 30k. I don't know how long, maybe months. Trades: Short E: 23.1k SL: 26k TP:20k, 18k, 15k (likely close), 12.5k Long E:20k SL:17.8k TP:25k, 27k, 32k SPY SPY short has not changed. I could see SPY targeting ~420 and then starting a new downtrend, SL adjusted a bit higher to 427. I will say at these prices, both BTC and SPY have growing voices of bears and bulls. A lot of long hedgers at $SPY since the Oct. and late Dec. bottom, and on late Dec. for BTC. Break those levels and we're in for extreme fear. Q1 2023 volatility could still spike if geopolitics play out concerning control over oil in the middle east/eastern Europe if EV infrastructure is proven incapable of sustaining itself at scale by 2030.
CME:BTC1!Short
by linebands
VIX: MICRO VOLATILITY CYCLES / POINTS OF CONTROL / MACD & RSI DESCRIPTION: In the chart above I have provided a MICRO ANALYSIS of the VIX INDEX which represents volatility in the overall US MARKET. This is a short term play for this week based on micro volatility cycles. POINTS: 1. Deviation in critical thresholds is 4 points a small adjustment from previous VIX charts published as volatility adheres to this more often. 2. 23 Point serves as critical support for VIX. 3. Current Trend = Symmetrical Triangle Formation 2nd Phase 4. Overlapping Green Dotted Lines = Market Open 5. Overlapping Red Dotted Lines = Market Close IMO: In my opinion whether or not current setup becomes invalidated I do not see current price action falling below 23 POINTS is the POINT OF CONTROL TO THE DOWNSIDE while 31 POINTS is the POINT OF CONTROL TO THE UPSIDE. MACD: Current MACD levels continue to fall and are bound to flip into negative territory further confirming current setup that needs some pullback for VIX. RSI: Current RSI levels are dropping and no current signs of DIVERGENCE that would indicate a sudden flip to positive territory. SCENARIO #1: VIX price action agrees with current setup & respects symmetrical triangle setup and bounces off 25 in coming session & precedes to the upside to break 29. SCENARIO #2: VIX price action disagrees with current symmetrical triangle setup and breaks below 25 & faces possible bounce at 23 instead. FULL CHART LINK:https://www.tradingview.com/chart/UUCv2fGk/ TVC:VIX AMEX:UVXY
TVC:VIXLong
by DGSTBROKERACC
Monthly 50MA pressure. For the first time in trading history, Bitcoin will close under 50MA on 1-month chart. This is besides death cross on the 1 week chart. Again and again, I urge those who are in love with 1-4 hour charts to watch the larger timeframes. Unique events are happening and we can see that they are having an impact. Who's to say how long the bear market will take now with an event like this? We can only hope that 2024 brings some improvement. And I really regret that Circle kept some of the currency collateral in that bank .
BITSTAMP:BTCUSD
by averkie_skila
2
ETH - Soon there will be a breakout!Here's a quick look at the 2-day ETH chart. As we can see, the price has been oscillating within the bigger symmetrical triangle, and a breakout would cause a big move either way, depending on the breakout direction! If the price doesn't hold the current purple support, a move to the bottom of the triangle will be next at around 1300$. If DXY rallies, then much lower prices are expected! Remember that ETH is a leading indicator for the overall Altcoin market. If ETH breaks the triangle to the downside, altcoins will get rekt! In my opinion, ETH is going much lower than its current levels. I see ETH at sub 800$ at some point before we see the actual bear market bottom. Trade safe! ------------------------------------------- Key Dates to Watch in March: 10 Mar: US Non-farm Payrolls 10 Mar: Mt. Gox Distribution 14 Mar: #CPI Data Release 15 Mar: #PPI Data Release 21/22 Mar: #FOMC Meeting 30 Mar: GDP Report ------------------------------------------- What's a Fair Value Gap?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders. ------------------------------------------- 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!
by MBM_Crypto
7
18.2k incoming! Here's a quick look at the 8 hr . BTC chart. As we can see, the price broke below the rising channel and is currently on a mission to close the fair value gap at 18.2k! It has already closed the gap at 20k. These gaps tend to get filled at some point! Also, the DXY is expected to rally from its current level - when the DXY goes up, the BTC price will go down! I firmly believe the bottom will be close to the 10-12k area. We have yet to see the last capitulation, IMO, yet! Trade Safe! ------------------------------------------- Key Dates to Watch in March: 10 Mar: US Non-farm Payrolls 10 Mar: Mt. Gox Distribution 14 Mar: CPI Data Release 15 Mar: PPI Data Release 21/22 Mar: FOMC Meeting 30 Mar: GDP Report ------------------------------------------- What's a Fair Value Gap?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders. ------------------------------------------- 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
14
BTC - Bearish trend continues!Here's a quick look at the 8 hr. BTC chart. As we can see, the price broke below the rising channel and is currently testing the bottom of the support zone! If DXY keeps rallying, the support is not going to hold! There are some unfilled Fair value gaps between 20k and 18k. These gaps tend to get filled at some point! Also, the DXY is expected to rally from its current level - when the DXY goes up, the BTC price will go down! I firmly believe the bottom will be close to the 10-12k area. We have yet to see the last capitulation, IMO, yet! Trade Safe! ------------------------------------------- Key Dates to Watch in March: 10 Mar: US Non-farm Payrolls 10 Mar: Mt. Gox Distribution 14 Mar: CPI Data Release 15 Mar: PPI Data Release 21/22 Mar: FOMC Meeting 30 Mar: GDP Report ------------------------------------------- What's a Fair Value Gap?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders. ------------------------------------------- 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
5
Bearish Breakdown of Bitcoin As discussed in my prior chart, Bitcoin was on a bearish breakdown. Prior support fell quickly and now looking towards is next support level of 18,600 - 19,600. Should that level fail look for it's next level support near 16k level. I closed my shorts for a profit but will plan to re-open should we get a retest of the recent s/r flip level. AS seen below, indicators are showing negative momentum on the daily chart. The Monthly chart is also pointing with negative momentum.
COINBASE:BTCUSDShort
by eman19