BTC: 2021 on repeat! 13.5k can happen!Here's a quick comparison of two periods in bitcoins history
The current market period appears to unfold similarly to the one observed in 2021. If this trend continues, the market will likely experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
The US interest rate has reached the same level as it was during the onset of the 2008 Financial Crisis market decline. This should be taken into consideration. Despite this, on Twitter, someone claims almost every other day that BTC will reach 100k soon. However, in my opinion, this is complete nonsense. Given the current state of the financial market, it's not ready for a sustained uptrend.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
With regards to Altcoins
t appears that the overall market is experiencing a weakening trend. Suppose BTC continues to decline from its current position; the Altcoin market cap is expected to break below its recent uptrend. This could potentially lead to a significant drop in the altcoin market cap, down to around 300B. Given these circumstances, it may be wise for individuals to avoid investing in ALTCOINS for now and instead wait for more favorable market conditions to emerge.
Also, Current market conditions suggest that many altcoins are exhibiting a bearish outlook, with many having breached their BTC-pair support levels. This indicates that in the event of another drop in BTC prices, altcoins will likely suffer significant losses. I project that a 50-70% decline in altcoins may occur before August. I maintain a highly bearish stance regarding the upcoming summer period, which seems to resemble the summer period of 2021.
I expect the bottom to be between 8k and 12k!
Bearmarket
BTC: 2021 on repeat! 13.5k can happen!Here's a quick comparison of two periods in bitcoins history
It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
Trade safe!!
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Recent Altcoin trades:
ARB / USDT: 30% profit!
ROSE / USDT: 5% profit!
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
BTC: Forming a bearish patern!Upon examination, it is evident that the price has been forming a bear flag which Is a bearish pattern. If the support zone breaks, a move down to 27.5k will likely happen!
If we zoom out to the 8 hr. chart, we observe that the price has been forming a bigger head and shoulders pattern, which also is a bearish pattern! If the price breaks below the neckline, it will most likely fill the fair value- and CME gap.
Or one would say that the price is forming a bigger triangle formation:
Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level in the future.
BTC: Dont forget these gaps- They will get filled soon! After examining the chart, it appears that the price of BTC is forming a head-and-shoulders pattern, which is typically indicative of a weakening trend. If the price breaks below the neckline, it will most likely fill the fair value- and CME gap.
Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
BTC: A bigger move will happen soon!After examining the chart, it appears that the price of BTC is forming a triangle pattern. If the price breaks below the triangle, it will most likely fill the fair value- and CME gap!
Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
BTC: Possible triangle formation! After examining the chart, it appears that the price of BTC is forming a triangle pattern. If the price breaks below the triangle, it will most likely fill the fair value- and CME gap!
Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
GBPJPY Short / SellMany pairs have already moved like the CURRENCYCOM:US500 CURRENCYCOM:US500 and FX:USDJPY #USDJPY
I'm going off yesterday's bearish momentum and even the bear momentum for the entire week. #bear #trend is still holding strong.
I feel uncomfortable placing this trade as all other pairs I've been looking at as already moved and I did not get the SL that I wanted on this entry (fat fingered and placed it on dotted line.
However, the things I am seeing here:
Pros:
- Broken of EMAs
- Broken of ARL (Asia Range Low)
- Bear momentum/trend still holdig.
- 3 A2 setups have reached TP levels.
- Good SL placement and room above ARL, ARH (Asia Range High), and above 8,21,50emas.
Cons:
- entry candle for A1 is overextended
USDJPY, Short, 4hr UJ hit the daily high level of 137.777 early this morning before taking a big leap down to 135.400 area. Currently looking for price to touch and resist the next supply located in the 137.000 area. Once price rises and rejects this area of 137/000, it will be in your best interest to take a sell if you have a similar set up. Will this be a short term bear cycle or are the bears in control of the market this week?
If there are any questions, comments, or concerns please don't hesitate to leave a comment. If this set up is similar to yours or you believe this is a great setup please share, like, and leave a comment
Spy500: Elliot wave. Zoom out. Bigger correction incoming Studied Elliot wave theory only for about 2 years. Any input appreciated.
Is anyone seeing this?
IMO, I believe we could hit wave 5 of 3 hit the 4.236 fib and then big correction incoming.
If fed continues to raise hike, war escalates, hyperinflation, etc - I believe we may have already complete this wave and we could be just on the BRINK of a much bigger bear market. In which case, further pain must happen and spy could go as low as 215.
The Crypto Bears are still clearly in controlTraders,
The crypto bears are still very clearly in control of our market. In this video, I recap the weekly crypto market price action and explain the case for the bears. Bulls have yet to prove themselves with a conquering of that $30k price resistance area. A retest of our neckline at 25,200 (Bitcoin) can still be expected at this point.
Stew
#Bitcoin bear market Bottom 2022if we go back by time between bottoms and top and halving this is what we got if you know what i mean!! µ
we are already in the final first half of the bear market, and i think now we are in the seconde (last half)
the same time of the last bear mrket the bitcoin Dominance was at the same levels i expect big pumpto 60/70% on the dominance and big dump on the Bitcoin price ... im already in accumulation phase right now already invest 10% of my wallet, lets get the party start.
BTC to 25k or 30k I have my support lv in to see what direction BTC will go, will we dip to 25k or pump to 30k 35k? Time will tell and it looks like it's heading down, but this could be a fake move. Smart money waist for it and yet scared money can't make profits sitting stable. I am going to wait to see what support holds or fails. God speed.
GBPUSD Bearish Outlook?Last week, the GBPUSD pair consolidated, ranging between 1.23757 and 1.23532, with no significant changes to shift our bias. Technical analysis indicates a bearish outlook for the upcoming week, as the cable struggles to maintain its bullish momentum. The 20-day EMA acts as support for now, but its strength remains questionable.
On the 4-hour and 1-hour timeframes, the GBPUSD shows potential bearish signs. The MACD is below the zero line, and divergence from last week's analysis is still valid. The pair may break support and trade bearish unless critical resistance levels on the daily and 1-hour timeframes hold.
Fundamental factors also play a role in the GBPUSD forecast. While there is no significant GBP news, several high-impact USD events may cause volatility. Key events include CB Consumer Confidence, New Home Sales, Core Durable Goods Orders, Advance GDP, Unemployment Claims, and Core PCE Price Index.
In conclusion, the GBPUSD forecast for the coming week is bearish, with technical and fundamental factors contributing to potential downward movement. Traders should monitor key events and employ proper risk management while navigating the forex market.
Please hit the boost and follow for updates in the coming week. Thanks for doing just that!
Bitcoin under Bearish Falling Wedge #Bitcoin 4hr #TA at #Binance
Bitcoin April month movements majority into 30k to 29k and at present it starts trends into #Bearish #FallingWedge Pattern and Soon April-May-June will be under #BearishZone pattern likewise of those patternic nos....
31 30 28 30 27 25 26 24 21 19 17
Also, Some Dangerous No's...
16 15 13 12 11 10 9 7...
🙏🐦🙏
BTC 1h Inverse Cup and Handle breaking last month's VPVR POCInversed Cup and Handle is a very strong bearish reversal pattern. I should have noticed earlier, but I do my own analysis and was looking for something else while this cup was being spilled in my lap.
Why am I posting this late, then?
Well, there is one crucial thing left on this chart. And that is that this pattern has a target price target of 27600, which is below the POC (Point Of Control) on VPVR in the last month, and it is currently retesting it after a breakout.
VPVR POC shows the line of the most significant volume per price level based on the candles shown on the chart at any given moment, which means that it is the most substantial S/R level in this indicator. And as you can see, there is quite a gap below 28k.
So if this pattern breaks POC without significant volume from the bulls, we could retest the 25k level, where the next serious resistance is.
BTC - A bigger move is around the corner! Here's a quick look at the BTC 2 hr. chart. As we can see, the price has formed a diamond pattern, and a break, either way, will happen soon!
It is important to note that there exist significant unfilled CME- and Fair value gaps situated below the current price. As a general trend, these gaps are known to be filled eventually. Thus, it would be reasonable to anticipate a price retracement to those levels. It is worth mentioning, however, that such gaps may take an extended period to be filled, though in most cases, they are filled relatively promptly.
Also, the current volume is very low, indicating that a more significant move is coming!
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Key Dates to Watch in March:
30 Mar: GDP Report
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What's a Fair Value Gap?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
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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 drop as well. Trade safe!
Bitcoin market cycles leading into 2025Here it is crypto fam. Here we have the market cycles for Bitcoin and in color. We begin with the year of the bull run then we have the bearmarket year then the year that no one likes which is the year of Pain. After pain we have the famous and most anticipated Bitcoin halving year then the most exciting time in crypto is the Bullrun year. We have had three of these cycles already and the fourth is coming upon us soon. Before we have fun though we will be going through the year of Pain this year because even though Bitcoin is climbimg beautifully now we are expecting another test to the bottom which we call Pain. The year of the halving in 2024 will be a great time to buy up your favorite projects and then when 2025 comes we have a beautiful Christmas.
US30 POSSIBLE PEAK PART 3SL 34200
Entry: 34100 (us30 could return to that price before moving lower)
This space for me remind me of the peak back in January 2022, a great opportunity to place a sell. Not advice. I’d like to hold this trade over a long period, but will use this trade as a marker. Will continue to analyze scalps and day trades moving forward
SPY: IT'S OVERHistory is proving to be accurate once again (so far), and there is no stopping it
SPY is going to blast off toward 500 and leave every single one of your short positions in the dust.
The 3 week MACD candle closing green is just the beginning.
With the federal reserve poised to pause and soon cut interest rates on the back of inflation dropping like a stone, the economy is set for success.
Do not even get me started on the strengthening RSI.
SPY is going to soar to new all time highs
Do not be on the wrong side of history