Bearmarket
Where will be the BTC Bottom?It's been roughly a bear market for a while now, and where will be the bottom is a hot topic these days. In my opinion, BTC has still room to drop until the real capitulation happens; therefore I can imagine a classic 80% Drop from its all-time high which is arguably in confluence with some powerful levels, including two long time frame Fib levels.
Of course, in the end, the market will surprise us all.
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?
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!
$ALB Short IdeaALB big gap up before ER has me suspect... also technically it looks like FEB price action is still in a downward channel, and now there is a juicy gap below :)
I like the R/R on a short before ER's move.
Small size, picked up a few puts. Can also do bear spreads for less risk exposure.
Will BTC crash to $10k-9k or retest that Rising Wedge?Monthly TF, BTC broke Rising Wedge, since then been going down.
Question is whether BTC gonna go back up for that retest or just crash down?
BTC was filled as a LV when it went from $9k-10k to $69k.
Rule of thumb: LV always get filled the same way it went either up or down.
But BTC $10k is incoming for sure and real as that LV need to be filled.
It's gonna be a crazy ride. Stay Tuned. Bear market is not over yet.
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.
BTCUSDT potential fractalPotential fractal predicting with Fibonacci time frames based on Fisher Transform oscillator fractals. I'm expecting a retest to upper trendline @ 29.7k before the potential dump. It's require patience for 2D more. On Ehlers Stochastic CG we can see a bullish momentum to wait.
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.
S&P 500 Bear MarketWe are Officially in a BEAR MARKET
A bear market is defined as a 20% drop from a major stock index's peak, and S&P 500 index is down 20 percent.
Now the question is , is there a recession coming?
Well, when you travel back in the chart to the Great Recession in 1929, you'll see how S&P 500 indice almost looks the same of what it is now, S&P 500 has risen by 500% over 8 years since 1921, followed by the great recession in 1929, S&P 500 fell down 85 percent, and now the same indice has risen up 620% since 2009.
Thinking objectively, this comparison looks scary, we have seen the bear market many times, but we haven't witnessed a significant drop like what happened in 1929.
Maybe it's just a regular bear market, Who Knows?!
$BJ $WHR Short Ideas still early in phase 4 downtrendFor the shorts, more trade ideas on stocks that are still early in phase 4 downtrend IMO.
BJ - see more downside, although would like a retest of breakdown for another opportunity however we may not get one, started short small size, looking for $48 zone to cover
WHR - Better setup IMO, broke down then retest and rejected. Looking for $154 zone to cover
$SPX $AAPL $TSLA $ITB Chart breakdownClosing the week red again. Bears seem to be in total control, charts breaking down across the board (less VIX/ Bear Funds of course)
SPX less than 3850 (-20%) funds go officially "Bear Market"
3700 Capitulation levels
Less than 3500 massive de leverage , margin-calls , and breakdown
We need one of those "bear market rallies" I keep hearing about ...
7 red weeks in a row, very historical price action, caught a lot of people off guard, including me : )
BITCOIN IC CONSOLIDATING AROUND $30KCryptocurrency as a whole has seen hell in recent times. However, BITCOIN has been able to maintain its position as the king of the market.
Bitcoin is trading within a descending TRIANGLE & CONSOLIDATING around $30K and below the weekly trendline that started from the 2018 PEAK of $20K.
QUESTIONS:
1.Will BTC be able to break back above the trendline any time soon?
2. Will the $30K consolidation hold as resistance to follow by bull run?
3.Do we expect BTCto continue the fall?
KINDLY share your thoughts, like, comment and FOLLOW.
NQ Power Range Report with FIB Ext - 5/19/2022 SessionCME_MINI:NQM2022
- PR High: 11923.25
- PR Low: 11883.75
- NZ Spread: 88.50
Evening Stats (As of 12:05 AM)
- Gap: = N/A
- Session Open ATR: 456.33
- Volume: 42k
- Open Int: 251k
- Trend Grade: Bear
- From ATH: -29.0% (Rounded)
! GETTING CLOSE TO THE 'MAGICAL' -30% !
Key Levels (Rounded - Think of these as ranges)
- Long: 14105
- Mid: 12960
- Short: 11820
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
SPY DIE PART 3Looks like we might get another leg lower before a big relief rally starting in June (most likely during OPEX).
20sma continued decline.
HUGE sell off today after JPOW's remarks yesterday. Why were they not reflected in price yesterday?
"I thought we were gonna have a relief rally after yesterday's bullish run!"
Vanna, Charm, dealer positioning, hedges unwinding.
It's the same story over and over and over.
Bulls needed to get a huge run over the 20sma and recapture it to the upside. They failed to do that.
The "rally" that took place over the last week was weak. And it's ominously telling of the further decline that is to come.
Seasonality is usually bullish to end the month, but without recapture of that 20d sma, further decline is coming. The lows will be revisited and will likely grind down lower.
This is a grinding bear market with occasional rallies here and there. I have a feeling the next face ripper rally will be around June OPEX, where people are going to be overly hedged and all that unwinding into OPEX will lead to explosive movement upwards (coupled with tech earnings imo).
Supports listed as always.
Unless bulls can explosively move markets higher into tomorrow OPEX and beyond into next week, this market will continue downward as listed above.
Best of luck traders.
If you're a long term investor, just be in cash.
You remain in cash until FED reverses course.
There are NO exceptions to this rule.
DO NOT FIGHT THE FED!
I will reiterate: The FED HAS BEEN CLEAR! They are removing support/liquidity from the markets - the same support/liquidity that propped up the markets to bubble like levels especially the past two years.
Now is not the time to yolo on calls. And now is not the time to yolo on puts either. It is a grinding bear. Only experienced traders should trade this.
The rest of you should be in cash again as listed above.
You're welcome.