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Bearmarket

BTC BREAKDOWN - DAILY CHART ANALYSISHey Traders! Today i want to show you my BTC Chart Analysis on the daily timeframe. What happened? - Bitcoin did break down of the big bear flag and dumped 15% since then and now reached the strong $30000 - $28500 support range. What do i do now? - I bought into spot again today with 15% of the margin i want to invest and looking to DCA more into the market if we break down this level. What happens next? - If we not hold the $30000 - $28500 range and break down again i will target $24500 - $22000 which i believe will be the really bottom of the current bearmarket. There i will buy a lot and open some long trades aswell. Trading Ideas - I will long $30000 - $28500 with dca and a 20x Leverage ( I not recommend using 20x! High risk ) I think that range is a nice entry for a long with a good risk management. Im using 20x because im an experienced Trader but i would only recommend going with 2x-5x here if you want to play it safe. I hope you guys like my idea :) I would love to see some feedback!
Long
by MM_TRADEZ
Bitcoin and a simple NVT StrategyFundamentals Despite some confusion bitcoin is both a decentralized payment system and the name of the currency of the network. In contrast, SWIFT is a centralized payment system that has the dollar as its currency. Bitcoin's greatest value is when the currency is undervalued to the value of transactions it is running. That is when the system is the cheapest to use. It is the most expensive to use when the NTV is high. People with a lot of executive function will plan their purchases of things when they are cheap and sell them when they are expensive. We all wany to do it, some of us are better or worse at it. Technical Analysis This marvelous NVTwas created by aamonkey and it helps show when the price of bitcoin about fair value (yellow) or when it is overvalued (red abd above) and undervalued (Green). It is of course sensitive to time frame and I have used it to call for rallies from time to time with warnings that they could just be setting up local highs before going for local lows. The main chart points out the series of operations well enough that I don' think I should replicate it here. I have some other posts where I was watching some triangle or channel formations and if they held that would have signaled a lot more upside. But all that is trumped by the NVT going green on the weekly. History has shown the pattern that when the NVT goes into the green on the weekly it is a vicious bear market. As much as I want gains to the upside the formations broke down. The chart below shows the triangle I was previously biased bullish on. No doubt it broke down. Price can impulse from here to the downside or it can rally and get back into the triangle or get rejected by previous support. The NVT suggest a bias to the bearish scenarios. My Positioning I have in large part left BTC alone because it was range bound and I have not seen an overriding signal to the upside or downside. I have mentioned in several post that I see several triangle formations that could be played very technically but I don't like to play triangles as they are the formations taht are the easiest to recognize but the worst at performance unless they are in a wider structure. Having seen the NVT finally turn green on the weekly time frame leads me to conclude that the bear market is fundamentally in. Even though the network is undervalued by a key metric history has shown that the price will experiences significant more downside and it is during the bear market that accumulators will eventually step in... way lower than most expect If you want to use the bitcoin network as it is intended, as a decentralized payment processer, then this is the time to do it. If you are looking for bullish continuation now is not the time. I am looking to trade things that are moving impulsively with a bullish bias. I continue to see XMR in a bullish cup and handle and will be looking to get dem gains. My linked ideas show my bullish set up on monero as well as my totally bearish set up on bitcoin.
INDEX:BTCUSDShort
by This_Guhy
1
$BTC Fib Channel & Fibonacci Retracement AnalysisHere is a clearer visual analysis of where I think Bitcoin will be going. The bear flag formation from 35k and 48k has been confirmed and it looks like we could be going down to the next fib channel support which is around the 32k price range. If the 33k - 32k breaks the next support that Bitcoin must hold would have to be at arnd the 29k to 28k levels in which a possible dead cat bounce could happen. However, this could be a start for of bigger Bitcoin correction possibly all the way back down to retest 20k - 19k which I hope and doubt will be the case. I will likely be in shorts this week as opposed to my bullish nature of longing.
Short
by yoyokenwan
1
what is a bear market in cryptoyou'd think that a bear market is a downtrend ? well, no, a downtrend is a downtrend a bear market, is when retails have CAPITULATED, when prices dump and doesn't bounce back hard, when prices keep on moving sideways, CONSOLIDATING, making traders lose their mind for months/years, because everything is moving sideways, no big short to play, no big long swings to play either that's what a bear market is (to me), a market consolidating, going sideways for MONTHS/YEARS which would be actually amazing to peacefully accumulate while most retails will give up on investing in crypto because they will have lost their shit and lost faith in crypto this is just my personal opinion, not a financial advice it's simply my perspective shared to you
BITSTAMP:BTCUSDShort
by kaiju_crypto
1
Following the S&P500 waves to the bottomThe big moves this prior week call into question where we could possibly be. Are the recession fears valid and will the market tank for the remainder of the year or is the bottom truly near? Let us study what Primary C could possibly look like. DATE TARGET Primary wave A’s length tends to contribute 30-40% of the movement of the larger Cycle wave in which it resides. Primary wave A was 35 days long. This means Cycle wave 2 could last between 87.5 and 116.6 days long. Primary wave C tends to contribute 35-40% of the length of the larger wave. If Cycle wave 2 is 87 days long, wave C would contribute 30 to 34 days of it. If Cycle wave 2 is 116 days long, wave C would contribute 40 to 46 days of it. Primary wave C began on March 29, 2022. Potential end days based on this paragraph of analysis would be: 30 days is May 11 34 days is May 17 40 days is May 25 46 days is June 3 This means the bottom should occur no later than June 3. The length of Primary wave C tends to be 107% to 171% of Primary wave A’s length. With Primary A being 35 days long, C could be 37 to 60 days long. 37 days long would be May 20. Through the incorporation of the prior paragraph, wave C could possibly end between May 20 and June 3. PRICE TARGET Primary wave A’s movement tend to contribute 40-70% of the movement of the larger Cycle wave in which it resides. Primary wave A dropped 703.97 points. This means Cycle wave 2 could drop between 1005.67 and 1759.93 points putting the bottom between 3058.69 and 3812.95. Primary wave C tends to contribute 60-68% of the movement of the larger wave. If Cycle wave 2 drops 1005.67 points, wave C would drop 603.40 to 683.85 of it. This would place the bottom between 3953.45 and 4033.90. If Cycle wave 2 drops 1759.93 points, wave C would drop 1055.96 to 1196.75 of it. This would place the bottom between 3440.55 and 3581.34. So far, our probable bottom could lie between 3440.55 and 4033.90. Primary wave C’s movement also moves 126-196% beyond that of wave A. This means wave C could drop 887.00 points from where wave A began (4818.62 was starting point) to 1379.78. This would put the bottom between 3438.84 and 3931.62. Our bottom has now narrowed to between 3440.55 and 3931.62. Another statistic is the ratio between Primary wave A’s movement and Primary C. Wave A’s movement tends to be 0.63 to 1.35 times greater than wave C. This means wave C could drop between 521.456 and 1117.41. This would place the bottom between 3519.89 and 4115.84. Our bottom has now narrowed to between 3519.89 and 3931.62. Lastly, the ratio at which Primary wave B and wave C move in relation to wave A can also be considered. This ratio is normally 0.32 to 0.50. In the current scenario, wave B moved 74.24% of wave A’s movement. This means wave C could move 148.48% to 232.00% of wave A. This is calculated in relation to the level at which wave A started (4818.62). Wave C could drop 1045.25 to 1633.21 from 4818.62. This would put the bottom between 3185.41 and 3773.37. Based on all of the analysis found here, the bottom should occur between 3519.89 and 3773.37 during a timeframe between May 20 and June 3. I will provide at least one more analysis once I determine where Intermediate wave 3 occurred. If it occurred at the point identified, then intermediate wave 5 can last no longer than 7 days because that would be the length of the wave 3 which is the shortest wave. This would put the bottom no later than May 13, which heavily contradicts this entire analysis. This contradiction does not make sense which leads me to believe we will still experience a significant market drop this coming week.
SP:SPXShort
by StockSignaler
1
NOT THE BEST TIME TO HOLD BTC PT.2 Btc continues to decline and some people seems to forgot what the defenition of bear market is. How to know if this is a bear market? 50MA goes below 200MA and price is below 200MA. Simple rules right? Usually it works for 1D charts. And what about 3D charts? Bigger timeframe = less false signals. And we about to have our 3rd death cross somewhere in the middle of May. Are you ready? As I said earlier it's not the best time to hold btc and other crypto as well. Maybe this time would be different? Maybe, but I would not ignore such thing. Here is what happend after the death cross in 2014 - 55% decline And this is 2018. Quite noticable corrections right? Are we going to get another -50% dicount? Summer is going to be hot 😈
BITSTAMP:BTCUSDShort
by FallingWedge
5
US100: read the descriptionAs previously posted ideas. - Inflation is still high (check) - Rates keep increasing. (check) - bear market rally (check) Keep shorts, reduce leverage, and short every spike. The first target of 12.000 ish is soon to print. Next would be a bear market rally, then we are vomiting again. If you look at what happened at NASDAQ nordic, we got a flash crash because one market participant accidentally sold all positions at once. It reversed back quickly, but it gave an indication of what is about to come. This means that market participants are selling positions quietly, but accidentally revealing themselves. I take this as a clear indication of market participants positioning themselves to reduce their holdings, while retail buys up. This will end badly. Short every spike and do not buy the dip.
CME_MINI:NQ1!Short
by Fx-AlphaStrats
1
BITCOIN -Wedge,A release from weak bearHello everyone After over a week in a weak bear trend, now we can hope for this wedge pattern to have a breakout to upper channel for BTCUSDT. Because of the doji bar of yesterday and lack of info of today it does not seems like a good time to analyze BTC, but since we have a good context and we are close to our weekly trend line it seems fine. We have support levels of 38000$ and 36000$ down below ,plus the weekly trend line, and for the resistance levels we have 39500$ & 41200$ up ahead.Since we can see long shadows for the past 4 bars in 4 hours chart, we will witness the price reaches our support level of 38000$ and then we may have the price bounces of. For now, scalping is my plan,until I have a signal bar that I can rely on.
by HubAlgo
BTC/USD: Monthly overview in the Bitcoin macrotrendBitcoin it's forming a possible bearish movement that could to lead to the previously price around to $29,387 USD in this support line. Meanwhile, we expect that Bitcoin continue descending this market structure to find up sell during the next month to sell Remember to know what happen in the global economy in the influence of U.S. Dollar about the interest rates hikes and tightening in the U.S. monetary policy and interest rates hikes in the global economy to take in note in Forex market.
COINBASE:BTCUSDShort
by harisonhbn9718
BITCOIN-Hedge Funds Watching This LevelMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. "IF" Bitcoin is bearish beyone the next 6 month candle and wants to actually break down then this is the BIG level to watch . We in CryptoCheck intend to be prepared to catch it ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
COINBASE:BTCUSDLong
by MartyBoots
11
Bitcoin falling wedge One can draw a variety of chart patterns for BTC at this point and I believe there is at least some truth to most of them but today I wanted to share a falling wedge that has been forming over the past months. We have recently failed to break out of this pattern and see now heading towards the support at around 30k after a potential breakdown of the bear flag that BTC has traded in since the beginning of ‘22. I believe that if we do go down to the 30k region, we will hold it as support and finally push through the upper resistance line. When this happens we will likely see a strong uptrend followed by another alt season. For now accumulate and wait.
BITFINEX:BTCUSD
by Cryp_Trades
BRITISH POUND- Bears are in controlHello everyone. The triangle formation on GBPUSD is broken and as predicted,the price have felled( lower than I Expected).Now, I believe the price will hit the support level of 1.275$ ,then we may have couple of days of range in the market( a final bear flag pattern maybe)and another fall to lower level by the end of the month. I mean we have the perspective, structure and context of a bear market ,So why not. Unless we have some good news from the government. Our next support level is 1.275$ on daily and resistance level is 1.289$
by HubAlgo
Bitcoin - Welcome to the bear market!Keep it plain, simple and minimize the noise! Here we see a gigantic ascending triangle, with the bottom acting as a strong support since 2020. Vice-versa with the top of the triangle acting as a strong resistance. We have now officially broken the support. The top of the triangle is now acting as support with the bottom now resistance. If we stay in the range we are currently in - it will be a very slow, boring and bloody 2022. If we lose this support, the volatility will be wild - expect flash dumps and blood! I personally think we will correct to about $25,000USD - however I am hoping for the best to pick up buy orders at $20,000USD Wish me luck! At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. Bearish 2022? What do you think? Comment your ideas below : )
Short
by tradermoth