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$
Bearmarket
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 $20,000USD
Wish me luck!
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
Bearish 2022?
What do you think?
Comment your ideas below : )
SPX500Decision time soon, are we in a 1,2 1,2 EW wave pattern that is bullish leading to 5,130-5,200 wave 3 target?
Or do we loose critical support now and start the bear market, nuke to 3,200.
I discuss in my analysis why I'm leaning towards option 1 where we hit W3 soon to 5130.
Whats your opinion? Comment below.. Thanks and BigMike loves you.
Bearish will dominate..Drop down to 23K or belowBear market is going to make the big move this month and and the next few we are officially in the bear market. Even so Bitcoin will short it down to 23K happens I’ll say about may or June.
In order to hit 80-100K bitcoin need to short it low as possible; 23,20 or 15K will take it to the higher level moon, but for this month Bitcoin been consolidating and bulls had been struggling.. bears are putting too much pressure and sells to take off. Should look forward the major support to break and have the bears dominate the market. The big move for the bears are coming.. Bitcoin won’t go back up anytime soon until the bear market is over.
If buyers looking for the buy then I highly suggest wait until it hits around 23-20K area as a good demand pivot point strong buy, if you were still at the buy even if it’s short please secure your profits before the bears makes there big move.
Disney's Troubled Waters$DIS has been in a slow decline since March 2021 ATH.
Recent political winds have shifted and Florida is rescinding the "Reedy Creek" special purpose district that's been in place since 1967 following partisan policymaking.
The most recent declines this week are not indicative of the much broader weakening of consumer sentiment, more a doubling down and reinforcement of the economic headwinds corporations are facing in light of rampant inflation and a Federal Reserve that is no longer able to accomodate loose monetary policies.
Given the likelihood of central banks taking dramatic steps in the coming months and major economic indicators screaming correction, it's not surprising to see companies like Disney & Netflix show significant weakness as consumers curtail spending.
This appears to be more of a leading indicator of corporate valuations coming down... similar to the declines at the outset of 2020 before the pandemic really took hold of the global economy.
Expect $DIS to test the 200 EMA around $91 in the next two months.
Further bearish price action is expected to the March 2020 $79 level.
Depending on the broader market's direction and significant recession risk, as the Fed begins divesting assets from its balance sheets along with rate hikes not seen in over a decade... Disney may see even further retraction given its reliance on retail consumer spending behaviors.
Recent relevant market pullbacks:
1. Dot.com bubble w/ ~65% retracement
2. Housing bubble with a near 60% retracement prior to Federal Reserve quantitative easing and near zero interest rates.
Bear market drop. Part 2 of 3 :: US Stock MarketsSo, we've had the relief rally from the March panic lows.
"Market Internals" are now displaying everything other than strong, healthy bull market characteristics...
(look 'em up)...
This means a sustained rally from here is currently unlikely.
First thing to be tested , is obviously the March lows, probably by June/July time.
With the expectation that we drop more into the Fall period.
Obviously, I could be completely wrong.
But right now, if someone keeps coughing in your face, you take a step back.
Bitcoin LONG vs SHORT! THIS COULD BE ITHey there,
tin this chart we can see, that when longs and short both decreased a short term uptrend was the result.
We can see it in the rectangles in the purple areas.
The white line is BTC. The red line are the shorts to visualize it more visually.
The verticals show the points when btc longs AND shorts both fall down- this happened 3 times.
Stochastic & normal RSI are at an oversold level, this is a bullish indicator as well!
Anyway, I hope you enjoy this observation and it feeds your technicals analysis with more data.
Have a nice day,
Have a nice day,
Roman
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ChainLink has so much potential!Link is actually the connection between all transactions. Link will allow smart contract to communicate with external sources. Link will also be the connecting piece between blockchains. For example, to make a transaction from erc20 to a bep address, you no longer have to exchange tokens and pay high fees. This is what the Oracle network is called and it is secure and completely decentralized, because of course it is on the blockchain. At the moment many Oracle networks are still in human hands and can be manipulated, but Link is working very hard to decentralize everything. Because link facilitates all these connections, link will be responsible for the security attached to it. Link will thus have a huge amount of power compared to other tokens.
Links market cap is now at $11 billion and I really expect Link to move towards eth. Eth has a market cap of more than $400 billion and will continue to grow significantly. Not this bull run but the bull run after it doesn't surprise me when Link goes his market cap x50-x100.
To do all of this, Link will need access to an enormous amount of data. The organizations that participate will be rewarded with Link tokens and this also determines a part of the price. Node-Operators are called the organizations that get Link tokens and the more operators, the higher the price. BINANCE:LINKUSDT
Top and bottom prices with dates for Bitcoin - based on pastThis is my analysis for long term Bitcoin prices. In my opinion Bitcoin is very highly manipulated and the price will be be driven down in 2022 only to be pumped again after the next halving event. At this point Bitcoin is a wealth generating scheme that rewards those who buy low and sell high or just hodl and takes from fools who buy the top during a media driven frenzy.
This model is based on time periods and % changes in price of last 2 "cycles" of highs and lows. Did you know that from the lowest price value after the 2013 BTC top, so in January 2015 till the highest price in December 2017 (19k) past 1064 days ? Guess how many days past from bottom of bear market in 2018 till top in 2021. 1064 days. Coincidence?
what is this Annoying trading range??Hello everyone
In the past 4 days we have been experiencing some frustrating trading range in 4 hours chart for ADAUSDT ,But in lower time frames we can see some good scalping opportunities.After the bear market in the past week this trading range might actually be a good thing (some liquidity is good for a healthy market).
In 4 Hours time frame we have the support level of 0.93$ which been tested almost 4 times in 4 days and resistance level of 1.00$.Also we can see higher lows on the daily chart which can be seen on RSI in 4 hours,This is might be a small hope to see strong bull trend or maybe a spike in our charts.
will we have a breakout??!hello everyone
In the past 3 days IOTAUSDT created a bull channel in 4h and considering the accumulation in this level and the possibility of bear market in higher time frames and the spikes in the volume in the past couple of days ,there is 20% chance to see a breakout.
for now, let's don't get excited and flow with the trend of the market. resistance level of 0.675$ and support level of 0.625$ have made our certain channel for now.
ROSE - Oasis Network (1D / SHORT on friends request)Hi Traders,
Just a quick random idea based on question of a friend. I would not enter into position because of broken Uptrend line and bad Risk:Reward ratio. Be carefull because BTC will most likely drop down and drag all Sh!tcoins with it.
If we ever reach Longterm support zone, then I will et interested.
Enjoy your day and trade safe ;)
BTC Danger $20KI've been watching the market very closely the past couple of months and this does not look good. What I see is a bear pennant that just broke down. BTC has already had a monthly MacD cross down, broken this bear pennant, and is about to have a bearish 4hr 50/200SMA death cross. All bad news to me. If this does play out with a 50% correction, just imagine what that does to Alts. Tread carefully over the coming days.
BTC (1H) - Another Triangle above support ? You should be scaredHi Traders,
As you can see, BTC is forming some overlaping structure above strong support, so my expectation is: Somebody is buildng a BIG short position to break it DOWN.
BUT, Be prepared for both directions and wait which trendline will be broken ;)
Take care and trade safe.
Bitcoin Bear Market DropBasic Chart Details:
- Use the 50 MA
- Use the 200 MA
- Use 3 Day Chart BTC
- Fibs are confirmation of bearish trend hitting targets.
Theory
- This is a bold call. I predict the collapse of the market coming once the 3 day MA's get closer.
- Exact same scenrio happend in 2018. I hope to wrong.
- Counter arguement would be that we go on rally from this point and the MA's never meet an pump to ath.
- 75% Bearish odds to 25% bullish odds
- Not to mention. Most stock index's have already had this play out.
NZDUSD Weekly SellThe weekly time frame has triggered a sell signal for the NZDUSD. This will likely be a long lasting signal. All other analysis have to
be taken in to context from the point of view of a bearish market continuation like the monthly chart I previously posted.
This is the beginning of the new trend and we can look to hold positions and add to them in the hourly time frame.
Will the volume change the direction of the market?? Hi everyone,
Just like many other assets Ethereum (ETH) is experiencing a difficult market. The spike in the volume is a good hope of having a reversal market or maybe breakout of the bear market.
We have a support level on 3000$,In daily and in 4 hours chart we have a good support on 2800$. Let's keep our hopes up that one of these levels hold the price(For investors of course).
Will we experience a reversal ??Hi everyone, Today we are having good movements in crypto markets.Just like many other crypto assets binance coin (BNB) is experiencing a bear market, a channel to be exact.
We have a support level at 400$ which held up so far & we are also having a spike in volume of BNB which may turn into a trading range or reversal. We also have a good support level on 380$ so just keep an eye out.
Only take trades if it's compatible with your strategy!!!
Bitcoin Evening StarsBitcoin weekly has had two evening star candles in short period of time as the markets grapple with sharply rising prices, declining sales, and a massive labor shortage.
Markets are beginning to price in rate hikes, but have yet to entertain the implications of rampant, widespread inflation or the reality of an aging population with low and continuing lower birthrates.
As central banks look to regime change via rate hikes and divesting bloated balance sheets, the economy is in for a significant slow down and the markets will realize major retracement.
Bond yields, durable goods sales, home sales, inflationary measures... all point to a full market reversal.
BTC price action will continue lower as bearish sentiment settles in and speculative risk-on behaviors curtail.