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BITCOIN MAY FALL TO 10K IN Q4 2022This is a follow up to my previous idea I posted an idea a few months ago about how BTC likely won't go any higher than 200 DMA, and so far it has been following my outlook very closely. Bitcoin bearish outlook using 2018 data. I have been closely observing 2018 bear crypto bear market and have been studying it since last year. There are quite a lot of similarities between 2022 bear market and the 2018 bear market. If you look at the charts, some of these are quite obvious such as - Blow off top in Q4 2017/2021 - A little rally in spring 2018/2022 - Couple red months in a row in Q2/Q3 2018/2022 - Dead cat bounce in summer, green monthly candle in 2018/2022 So now we will look at what the BTC price action may look like if it continues to follow 2018. - The next couple months, like Q4 2018, would see the bottom of this bear market and have prices get to levels that could take many people by surprise. - November/December 2018 saw the market bottom out and gave a great opportunity of a life time, this may be the case again. - Also there are more factors here than just following 2018, such as: - More interest rate hikes - Negative GDP - Quantitative tightening - Inflation continuing to get worse with soaring prices - Another possible covid variant - More countries have economic collapses - Gigantic stock market crash, perhaps as much as 50% as per Michael Burry's outlook - Traders and retail choosing to cash out to pay their loans to avoid higher interests, or to afford basic needs with higher prices - People losing their jobs and more getting laid, having to take out their investments to support their families I have only charted upto Jan 2024, simply because it may be a bit harder to predict what happens after. In 2020 we got the covid crash, odds of another unpredictable global pandemic in 2024 are very slim. Also, the fed has mentioned that they could possibly start printing again as early as 2024, which also happens to be very close to the Bitcoin halving. And since we are making this based on past BTC trends, the halving always happens to slowly kick off the next bull market. To sum up: A) Bitcoin may fall as low as sub $10,000 in Q4 B) Mini bull market in first half of 2023, similar to 2019 C) Resume bear market in second half of 2023, similar to 2019 D) Getting to end the bear market in early 2024 and starting the next big bull market, similar to 2020 BINANCE:BTCUSDT BITSTAMP:BTCUSD BINANCE:BTCUSDTPERP COINBASE:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD INDEX:BTCUSD BNC:BLX NASDAQ:BLX BITMEX:XBT FTX:BTCUSD FTX:BTCUSDT BYBIT:BTCUSDC BYBIT:BTCUSD KUCOIN:BTCUSDT BITFINEX:BTCUSD
INDEX:BTCUSD
by Coindatahouse
DO NOT BUY BITCOIN YET … The whole entire stock market and crypto are going to be crashing much worse. Why? - monkeypox/Orthopoxvirus 18,400 cases - monkeypox global cases 50,000 COVID-19 aka SARS-Cov-2 - Global: 602 million cases / Deaths: 6.50 million USA: 94.2 million cases/ deaths: 1.04 million The Epidemic Is NOT OVER. Now for the government On September 1st they going to take 90 billion off the market which will cause volatile insane of all the markets and cryptos. Last time in June the took 40 billion out which is why cause everything to crash. As for bitcoin we are still in a high sell Pressure we aren’t bottom yet. 12K along with a dip has stronger floors & 10K with a dip as well which will cause the bulls to take the full recovery.. if I were you please do not buy bitcoin yet it’s still too early and we aren’t bottom yet. Stay safe
BITSTAMP:BTCUSD
by JoyBoyVegae
3
Commence The PumpHello Friends Since August 14th Eth has been moving down slowly in what I believe is a beautiful flag (or corrective channel pattern as I like to call it). These corrective channels show up across every asset on Higher and lower time frames. In fact, almost every multi year bear market correction resembles these channel like structures. From Bitcoin during the 2017 Bear Market, to AMZN during the Dot com crash, this pattern has distinct characteristics such as: 1. A quick move down with no consolidation or definitive peak formed. (Notice how on August 14th Eth Dropped after only a day and a half of consolidation). This isnt always the case in every pattern. 2. Choppy behavior 3.Usually includes one or multiple rallies between moves down (People call these bear market Rallies) 4.Usually consists of 2-4 lows formed in the channel before reversing and breaking to the upside. Now back to this current Eth corrective channel on the lower time frames that we're looking at. I believe we're at the tail end of one of these corrections I described above and 1 of 2 things happen in the near future; 1.The 2 fresh lows the channel has put in are adequate, the pattern is complete, and Eth gets sent back above $2,000. 2.Eth decides "Hey lets give these mfers some more pain" and puts in a third low in the channel around $1200-$1300, before completing the pattern and sending us back above 2k. The only reason I have so much conviction in this outcome of $2000+ eth again soon, is because I've seen these corrective channel patterns play out hundreds of times in Crypto, stocks, forex, medals, and even NFT charts...Over several years. But What would invalidate this pattern you ask? A Straight spike down from here to around $1000 would destroy the channel and invalidate the trade for me. But I would be shocked if that happened. Cheers guys, Hope this helped.
KRAKEN:ETHUSDLong
by Brenvest
10
More red to come, slight reprieve next weekHere is the plan for the near term. Still looks like we are in the tail end of Intermediate wave 1 inside of Primary wave 5. Looks like we are in for big drops after the Fed meeting, but the inflation report may remain tame in the short-term. The estimated path for the rest of Primary wave 5 is here with the turnover occurring around US elections: Here is the estimated path for the rest of the correction/recession. Still hoping for the final bottom by March 2025, could be sooner or later of course.
SP:SPXShort
by StockSignaler
8
ETH/USDT (1D) Long term setup // Ideal Buy Zone ? Hello Traders, As you an see at this chart, I still think ETH is in Downtrend and need to finish this impulsive wave from the TOP. The QUestion is: "Is this the wave A or wave C of Correction ? In both cases we have to finish wave 5 of this corrective move. Also to form double bottom or Lower low with RSI and MACD Konvergence at 1D /1W Chart. This would be Strong enough signal for me to start DCAing into a position. So expected range is around 700-300 USD per ETH. Also notice there will be a transition of ETH into Proof of Stake. Many speculated aboutthis "event" and bought the last dip. So what could go wrong ? :D :D Lets see in 1-2 months if the entire market goes down including BTC/ETH. (They are highly correlated with Risk-ON assets, so DXY will most likely take them down.) If so, I will start to look for most promising projects and start accumulating despite current Mindset at Stock and Crypto markets. ;) Take care, trade safe and enjoy the ride,
Long
by Longevity_Contrarian
1
its pretty obvious the fed seems determined to tank this markettechnology is not playing the feds game, and they are rubbing elbows with china especially where semiconductors are concerned. the dollar is the worlds reserve currency, and big corporations dont like a populace with buying power. the job of the reserve banks is to assist borrowers while preserving the lenders capacity, and with this particular administration volatility seems to be the most profitable route. this means one thing. the bear market rally everyone feared is here. im predicting a dead cat bounce followed by continued downside.
NASDAQ:TQQQShort
by cerealpatterns
BTC Breaking to the downside - target is 11.5k!!Here's a quick look at the BTC daily chart. As we can see, the price is currently breaking below the bear flag (Rising channel) and if we get a daily candle close below it, the target is down at 11.5k! Not saying it will get to 11k for sure but that's the technical target. For now, I do expect us to revisit 18k at least, but let's wait and see what happens here. It should be mentioned that a lot of strong indicators are showing sell signals at current prices, and one should take note of that. Also, the S&P 500 is not showing much strength and is very likely to go down from its current price level. I expect BTC to end up at the 9-10k level in this bear market due to the CME gap at 9.7k, BUT I could be very wrong!! Trade safe! ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- 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 fall as well. Trade safe!
Short
by MBM_Crypto
6
SOLANA PERSONAL ANALYSIS IN THE LONG TERM (UPDATED) The total evaluation for the SOLANA coin asset is bearish. Please be cautious longing this and do risk management properly, below are the factors that contribute to how bearish this structure is: -------------------------------------- Factors for Bearishness: We are in a big downtrend. We are in a rising wedge (bearish). You can also draw a descending triangle or bearish adam and eve formation in this chart. Copy the chart, paste it on a paint application and draw it. (I did not because it would make the chart look messy and unappealing for retail.) The NASDAQ, DJI, and SP500 are at a multi-month resistance and is now breaking down further proving the absolute power of that monthly resistance trendline. (You can check the NASDAQ chart I made in my profile.) -------------------------------------- Factors for Bullishness: We are somewhat consolidating to the upside with an ascending triangle. (Can easily be mistaken for a rising wedge) We are forming continuous higher lows. We are forming continuous higher highs. We have not yet triple tested the 26$ support. My total recommendation approach towards this coin is to pay attention to BTC very carefully, if BTC is sitting at a strong support, take a look at SOLANA and long with proper risk management and tolerance. 38$ is a crucial support as you can see how it crosses both the rising wedge trendline and the multi-month resistance. If we lose 38$ on a break, it will be very hard for us to take above 40$ again. Do not forget to like, share and save this chart for future references. Its FREE!
Short
by Wamses
BITCOIN CHART PERSONAL ANALYSIS IN THE SHORT TERM (SLAUGHTER!!) Warning, I repeat warning! This is a very urgent matter that we need to discuss. 21,400$ will not hold, I repeat, it will not hold. As you can see we have so much downward momentum because of the fact that the SP500 and the NASDAQ have been rejected on their monthly resistance trendlines, you might be wondering what trendlines? You can see a NASDAQ chart in my profile, a multi-month resistance trendline dating back 2021 exactly where it U-turned from the top. Please be cautious of longing anything right now until we respective lows. My current speculation is that once we drop to 19,400$ we will have a reaction rally up to 20,000$-20,800$ where this will be IMMEDIATELY shorted on the coming weekend. We'll most likely have a period of consolidation in the weekends and a continuation du mp once market opens on monday or we can also dump on monday while we consolidate now at 21,400$. Be warned! ----------------------------- Do you like this chart? Save it, bookmark it, like it, comment it and share it. Its totally free!
Short
by Wamses
1
ETHEREUM CONTEXT ANALYSIS QUICK UPDATE (BEWARE!)This is just something that I must alarm people about especially those that are way too new in the market right now regarding the Ethereum price action. Please don't get jebaited by this candlestick, I swear to gosh I will frown at you for even considering buying here with the SP500 and NASDAQ so much red and no confirmation. If you don't want to short, that is absolutely fine to wait for confirmation which you should always do. The rule of hanging man candle stick is that it reverses to the downside if the next day candle DOES NOT close higher than it and will most likely fail. This is especially stronger in a bear market, a trending market more specifically. Be warned and manage your risks! ----- Be sure to boost, like, comment or share it with your friends. Bookmark it, save it, its yours -- for free!
KRAKEN:ETHUSDShort
by Wamses
How We Made Over 35% YTD Using The Olympus CloudIn a year when the S&P 500 dropped as much as 25% and fear gripped the market, we have gained over 35% on our entire account by trading the NASDAQ. We used the QQQ ETF, which tracks the NASDAQ, and the Olympus Cloud indicator on multiple time frames. Signals were derived from QQQ, and trades were taken on SQQQ. We used the daily time frame to determine when the longer term momentum turned bearish, and then used the 30m time frame to locate entries. We risked 2% of the total account on each trade. When using a leveraged ETF we always recommend you do your analysis and charting on the underlying index. In this case the leveraged ETF and trading instrument was SQQQ, and the underlying index QQQ . As you can see in the data section below this post, the Olympus Cloud shows 25% net profit, 68% trade accuracy, and a profit factor of 2.8. By using SQQQ as the trading instrument the real profit increased to over 35%.
NASDAQ:QQQEducation
by Level8Trading
DG:Correction due?!Dollar General Short Term - We look to Sell a break of 242.72 (stop at 250.70) Following yesterday's bullish candle, the overall trend higher looks set to reverse today. Trading within the Channel formation. The bias is to break to the downside. A break of support at 244.00 should lead to a more aggressive move lower towards 220.00. Our profit targets will be 220.05 and 204.00 Resistance: 256.00 / 265.00 / 280.00 Support: 220.00 / 204.00 / 184.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:DGShort
by VantageMarkets
No surprise if BTC goes to 10k this bear market!Here's a quick look at the BTC log. chart. In its second bear market, BTC retraced 87% from ATH and the bear market lasted well over 600 days. In the third bear market, BTC retraced 86% from ATH and the bear market lasted 480 days. In the current bear market, the price has retraced around 73%. If the bear market takes the same path as the previous bear markets, then we could see a 10k BTC. It should be mentioned that the BTC price isn't showing much strength right now, and S&P 500 is also finding some resistance. We could easily go down from current levels. ------------------------------------------- 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 fall as well. Trade safe!
INDEX:BTCUSDShort
by MBM_Crypto
10
BTC on the verge of a bigger dump!Here's a quick look at BTC daily chart. BTC is currently not looking too good. BTC needs to hold above 20k or we will probably see a bigger drop. Also if DXY keeps rallying, then expect more downside for BTC! Altcoins are extremely high risk right now - Trade Safe! ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- 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 fall as well. Trade safe!
Short
by MBM_Crypto
4