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Bearmarket

ETH/USD Daily TA Neutral BearishETH/USD Daily neutral bearish. *BREAKOUT WATCH, ETH is on day 24 of trading within a Bull Flag.* Recommended ratio: 40% ETH, 60% Cash. Price is currently testing $1711 minor support as it is approaching twenty five consecutive sessions of trading within a Bull Flag (bottom of the Flag is currently at $1650). Volume remains Moderate (low) and has been fairly balanced between buyers and sellers recently (indicating consolidation). Parabolic SAR flips bullish at $2000, this margin is neutral at the moment. RSI is currently trending sideways at 36.91 support. Stochastic is currently forming a trough at 55 just above 46.76 support; a break above 59 would result in a bullish crossover. MACD remains bullish and is currently trending sideways at -158; a break below -180 would result in a bearish crossover. ADX is currently trending down slightly at 42 as Price is testing $1711 minor support, this is neutral at the moment. If Price is able to defend support (minor) at $1711, the next likely target is a retest of the upper trendline of the Bull Flag at ~$1900. However, if Price breaks down here, it will likely retest the lower trendline of the Bull Flag at $1650. Mental Stop Loss: (two consecutive closes above) $1941.
COINBASE:ETHUSD
by dailytaguy
What is the lowest possible price for bitcoin?Ask yourself what is the lowest possible price for bitcoin? 20000? 15000? Theoretically, the price will be - 0. I'm not saying that there will be such a price, but if there is a panic in the market, keep this in mind. By the way, how much is Terra Luna now? Keep in mind that bitcoin was worth exactly zero at first. And the correction will probably drag closer to that number as well. You may start to panic. In May 2010, 10 thousand bitcoins were equal to $40-$50 (an American bought two pizzas for 10 thousand bitcoins). That is, a person sold 10 thousand bitcoins and he actually just gave them away. It is clear that not all of his bitcoins. Perhaps he had 100 thousand bitcoins and he did not feel sorry for selling them. That is, there are people who have a bunch of these bitcoins. Many years have passed, but in fact nothing has changed globally, everything except the value of bitcoin. I can't take and buy anything with bitcoin, there are just a bunch of people who want to sell it for more. I took 2009 as a starting point and drew trend lines from zero. At first, we don't have prices until we sold two pizzas for 10,000 bitcoins. Then the price started to rise sharply. As you can see, each subsequent wave of the trend has less strength. In fact, if you look at the real from afar, bitcoin has not yet hit the real bear market, where the next wave will cover the bottom of the previous one. But as the trend fades, it can happen and the next wave could rewrite the 3000 low. Perhaps this will not happen and bitcoin will hold the 3000 level or be higher than it, but look at the trend. Looks like waves 1, 2, 3 are fixing now. Now look at the volume in 2015 and 2020-2022. Someone is now quietly fixing and distributing bitcoins, At the same time, there are no serous purchases and panic sales. Everything is still ahead!
BNC:BLXShort
by John_Wayne
4
IOTA/USDT - Complex overview for USD altcoinsIOTA / USDT (Binance) - A comprehensive look at the trend of altcoins in USDT pairs IOTA is a token that was among the first in my portfolio in 2018. Overall, this is probably one of my first purchases ever, so I always have a bit of nostalgia in this chart. It is not fundamentally bad at all, but at the same time it has not yet delivered a revolution on the Internet in a similarly broad-spectrum Internet of Things (IoT). However, I don't want to write specifically about this pair, but it seems to me to be a good example of an average altcoin in terms of chart. 👌🏻The current altcoin market takes three forms: 1. - Charts such as HNT, STX, SOL, BNB. They recorded tough corrections, but their growth in the previous bullrun was so impulsive that even such a tough market correction failed to send them to long-term PoC structures and their long-term up-trend is maintained (including Bitcoin). 2- Charts like IOTA - Despite strong growth during the last run, they failed to get prices above their ATH and the current market situation sent them to the historically strongest Point of Control levels (in the case of IOTA - $ 0.285) 3. Newer charts like MINA, DYDX and others - haven't warmed up in the market for a long time, they have managed to make nice impulsive structures, but their chart has not yet experienced a bear market. This puts them at a disadvantage, as the structure lacks long-term PoCs as in the case of IOTA or BTC. It is these last 2 types of charts that are beginning to suggest that perhaps due to the influence of LUNA, perhaps only the macroeconomic situation, USDT pairs will have to create longer-term accumulation zones (about 1 year) before a possible next bull run. 👍🏻Still, the vast majority of long-term charts are in sharply declining bullish patterns (most in falling wedges). Although the slope and pattern may indicate the end of the correction, and following a hard pump breakout, it makes more sense to the exact opposite. Of course, strong pumps can come and we will see 100-200% growth in the market again, we will probably have to wait for a new trend to start. - This view may be one of the most basic things on the market and that is CYCLE. Each cycle on each asset of the international financial world takes place in 3 phases. Uptrend / Downtrend and subsequent consolidation. The condition of the enormously declining altcoins is beginning to indicate the bottom. Personally, it would make sense to me to create one short-term low in the form of a wick, which would come after the SL and liquidators of the currently recruited longs. However, I would venture to say that there will be an area of ​​LONG-TERM BOTTOM. ❕Current prices for HODL perspective are more than luxurious, we didn't even dream about it half a year ago, and therefore the period of the coming months is more than suitable for the accumulation of favorites for long-term (HODL) positions. As in every market, only the meaningful will survive, so choose projects that have a product / ecosystem or global implementation. My modest estimate (of course it could be wrong) is that in the next year there will be a chance to take 100-200% profits on the altcoins several times, but we will probably have to wait for some more significant bull run and REAL alt season, maybe up to one year. ✅ Gradually, after creating a new low, I will start to accumulate the HODL portfolio on a large scale. At the same time, we will use this drop to gain middle-term positions with targets of 50-200% and we will try to use the lower volatility on HTF for LTF trades to multiply the USDT portfolio before the re-green year, which could come about 1 year before the halving (the one for so far it is published on August 12, 2024). As a result, we will focus our strategy on next summer. 1D chart:
by Tradify_Seb
ETH/USD Daily Neutral BearishETH/USD Daily neutral with a bearish bias. *Fed is on day 2 of decreasing the balance sheet, Jamie Dimon says JPMorgan is bracing for an 'economic hurricane' , St. Louis Fed President Bullard suggests cuts may be possible in 2023 or 2024 once inflation comes down and there is widespread unanimity in both the Fed and Congress that inflation is the number one priority (hence the frontloading funds rate hikes this year). However, not all is bearish considering Ethereum has launched a new beacon chain on the Ropsten testnet and first trial of The Merge is expected on June 8th .* Recommended ratio: 40% ETH, 60% Cash. Price is currently trending down at $1850 after being rejected by the upper trendline of the Bull Flag from 05/12/22 at $1941 resistance; the next support is at $1711. Volume remains moderate and is currently on track to break break a two day streak of seller dominance if it can close today in the green. Parabolic SAR flips bullish at $2019; this margin is neutral at the moment. RSI is currently trending up slightly at 39.67 after bouncing from 36.91 support. Stochastic crossed over bearish in today's session and is currently trending down at 70 after being rejected by 80.69 resistance on the first test. MACD remains bullish and is currently trending up slightly at -160; the next resistance is at -90.80. ADX is currently trending down and beginning to form a trough at 43 as Price is falling; this is neutral at the moment. If Price is able to bounce here ($1850), it will likely retest the upper trendline of the Bull Flag at $1941 resistance. However, if Price continues to fall here then it will likely retest the lower trendline of the Bull Flag at $1711 minor support (and potentially lower). Mental Stop Loss: (two consecutive closes above) $1941.
COINBASE:ETHUSD
by dailytaguy
CRYPTO.COM +200% Crypto.com an exchange token has been following a specific fractal that has been seen in the 2018-2019 bear market for bitcoin. This of course is purely speculation and shouldn't be taken seriously until we breakout of the descending channel, I do believe however that we are coming to an end for this years bear market and personally this is when I will be dollar cost averaging into coins that have big upside potential... CRO being one of them Not financial advice DYOR.
Long
by Redxtra
BTC/USD Daily TA Neutral BullishBTC/USD Daily TA neutral with a bullish bias. *SELL-OFF WATCH* . *For the first time in history, the DOJ charged former OpenSea Head of Product Nate Chastain for Insider Trading with NFTs while he was at OpenSea. That headline surely didn't go over well with the crypto community.* Recommended ratio: 51% BTC, 49% Cash. Price is currently retesting the 50/50 uptrend line from March 2017 at $29691 as support and risks flipping the bias bearish if it closes below $30k in today's session. Volume remains moderate (low) and is currently on track to break the four day streak of buyer dominance if it can close today in the red. Parabolic SAR flips bearish at $27500, this margin is neutral at the moment. RSI is currently testing the uptrend line from 01/22/22 at 42.41 support after being rejected by the descending trendline from January 2021 at 52. Stochastic crossed over bearish in today's session and is currently trending down at 83 as it approaches a retest of 77.95 support. MACD remains bullish and is beginning to form a peak at -1135; it is still technically testing -1435 resistance. ADX is currently trending down at 36 and is beginning to form a trough as Price fell back down below $30k, this is mildly bearish. If Price is able to bounce from the 50/50 uptrend line from March 2017 (~$29.6k) then it will have to close above $30507 in order to continue a rally and potentially retest the 50 MA at ~$34.5k. However, if Price breaks down below the 50/50 uptrend line then it will likely test $24180 minor support before potentially falling lower. Mental Stop Loss: (tight stop - one close below) $29186.
COINBASE:BTCUSD
by dailytaguy
AAPL/USD Daily TA Neutral BullishAAPL/USD Daily neutral with a bullish bias. *With China loosening their Covid-19 restrictions/lockdowns and planning QE (via a digital Yuan airdrop ) in the coming weeks, fears regarding supply chain constraints' potential negative effect on Apple product demand for their next market cycle is starting to subside. Additionally, Apple announced a new $90b share buyback program and a dividend increase of 7% . However, Big Tech is not out of the rubble yet so it's a bit premature to get too bullish at the moment.* Recommended ratio: 60% AAPL, 40% Cash. Price is currently testing $149.05 minor resistance (which is also the largest supply/demand zone on record) as the 50 MA is on the verge of crossing below the 200 MA (which would form a Death Cross); it should be noted that even though the 50 MA is so close to crossing over, it is a lagging indicator and therefore can reject the crossover at the very last second. Volume remains high (moderate) and is currently on track to break a three day streak of buyer dominance if it can close today in the red. Parabolic SAR flips bearish at $133; this margin is mildly bearish at the moment. RSI is currently trending down slightly at 48, just below 57.58 resistance; the next support is at 35.61. Stochastic remains bullish at 98 and is currently on the verge of testing max top. MACD remains bullish and is currently trending up at -4.36 after bouncing off of the ATL at -6.69; the next resistance is at -2.36. ADX is currently trending down at 23.71 as Price is surging, this indicates that either a temporary retracement or a trend reversal is underway and is thus mildly bullish. If Price is able to flip $149.05 minor resistance to support, then the next likely target is a test of $157.42 resistance. However, if Price breaks down here, it will likely increase the odds of a Death Cross significantly and have Price retest $138.46 support (which would coincide with the lower trendline of the channel from January 2019). Mental Stop Loss: (one close below) $146.82.
NASDAQ:AAPL
by dailytaguy
BTC/USD Daily TA Cautiously BullishBTC/USD Daily cautiously bullish. *Bear Market Rally is underway and $30k support appears to be the short-medium term bottom.* Recommended ratio: 75% BTC, 25% cash. Price is currently breaking out above $30507 resistance after bouncing from the 50/50 uptrend line from March 2017 at $29.5k; it was testing this uptrend line for twenty consecutive sessions. Volume remains moderate (low) and surged yesterday as Price broke out to the upside (invalidating a descending triangle). Parabolic SAR flips bearish at $27120, this margins is neutral at the moment. RSI is currently testing a critical resistance at the descending trendline from January 2021 (51) after reclaiming the uptrend line from January 2022 at 44 as support; if it can break above the descending trendline from January 2021, it will likely test the uptrend line from November 2018 as resistance at 54. Stochastic remains bullish and is currently trending up at 99.75 as it quickly approaches a test of max top (101). MACD remains bullish and is currently trending up at -1206; it is still technically testing -1435 resistance. ADX is currently trending down at 37 as Price is trending up, this indicates that a reversal or retracement is underway and is mildly bullish. If Price is able to continue surging, the next likely target is a test of the 50 MA at ~$35k. However, if this surge was actually a Dead Cat Bounce/Bull Trap then a retest of $30507 support and the uptrend line from March 2017 at $29.5k is likely (with potential to fall much lower). Mental Stop Loss: (one close below) $30k.
COINBASE:BTCUSD
by dailytaguy
BTC - Signs of bottomBitcoin is forming its cyclical market bottom. A spike to a lower-low with a v-shape recovery is in the future, IF history is any indicator. Looking at the 2015 market low (left) and the 2018 market low(centre) we can see clearly that the once price crosses above the 1D 12 MA AND 20 MA then the market low is in the past. In both instances that crossing was concurrent with increasing volume until price spiked above the upper-Bollinger Band. These are the milestone proof-points of the market bottom. In the current market, those events are still in our future. I feel a spike down to a new low is imminent, possibly forming a effective double bottom around the $25k level. History tells us we should then see a discernable upward trend in all indicators, with milestone proof-points confirmed in the following week. What do you think, is price about to crash to sub $20k, take off to the moon, or emulate these past bear market lows?
COINBASE:BTCUSD
by Crypto-Swing
6
Comparison of BTC bear markets (2015,2018,2022)There are 3 charts of the BTC/USD Index where you can see 200 days EMA - blue line (moving average exponential) and 365 days EMA - black line. In all three scenarios, we can see the crossover of both EMAs which means to be a very strong bearish signal. In 2015 after the beginning of the second BTC bear market in DEC 2013, we got an 85% drop-down in the price and it lasted 403 days. After the bottom in JAN 2015, BTC tried to recover and it was showing a nice buying power but bears were fully controlling the market at that time and BTC declined again in AUG 2015 where was created a Double Bottom figure. But most interesting for us is that after the crossover of 200 and 365 EMAs the price decreased by 53% in NOV-DEC 2014. 2018 was a third bear market which started in DEC 2017 with an 83-84% drop-down in the price and it lasted 362 days. In this cycle, we can see the same situation with the crossover as in the second bear market. In the present time on the chart, we got exactly what was previously twice and it could lead to a new strong movement down to 13000 - 14000 price level. May the profit be with you!
INDEX:BTCUSDShort
by PaulSnow
FTM Double TopFTM shows a clear double top (bear formation), like other top alts ( in a more shy way). Others show also double top but last peak higher is than the first one (like BTC), but we should imho play safe and considerer double top the same. Due to the delicate macro situation, pre war cenario, inflation, tax rates, sp500 double top, btc domination rise, and so on, I believe 99% of all crypto will go more downwards than up, during a long period of time: 12-18months. I may be wrong of course. Good luck.
BINANCE:FTMUSDShort
by JacintoMonteiro
1
Bear market?Bear market? Yes, an increasingly similar 2022, even worse, to 2018. This is already what we are experiencing on the financial markets. Hard times for long traders, for swing traders, while golden opportunities for day traders, for those who know how to take advantage of moments of volatility. Volatility that hasn't been seen in a while, especially on the S&P500. As for me, having a very very strict risk management, for swing or day trading operations, I prefer to focus on the long-term portfolio, accumulating and rebalancing my ETF portfolio which is my real "safe haven" in difficult times. It is during the downturn that stocks pass from the hands of traders to those of investors. One of the most truthful phrases I've ever heard since doing this job. Returning to trading, the expectation for June 15-16 is felt by the market; uncertainty has never brought anything good, paradoxically a further .50 point hike from the FED but with falling inflation it would be welcomed by the market. The level of inflation is the most important thermometer, and it has reached such high levels that it bothered some analysts to remember the Volcker maneuver. I don't think so and I hope it will go that far. What is certain is that the Fed has waited too long to raise rates and international tension and the consequent increase in commodities has aggravated the situation. It is no coincidence that the oil trade and my commodity ETF are the two biggest gains this year as far as I'm concerned. I close by summarizing my recent activities: Purchase (accumulation) on Apple (AAPL) close May 19 MSCI World ETF purchase (accumulation) 19 May close Buy (accumulate) emerging markets ETFs May 19th close Happy trading Lazy bull DISCLAIMER: I am not a financial advisor. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
CME_MINI:ES1!
by LazyBull5