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Bullmarket2020

ETH Looking Extra Bearish!ETH has clearly broken out of the parallel channel shown and is looking more bearish as the days go by. I've marked on the chart the next support zones to pay attention to. These zones would be the best areas to look to go long. You can also consider a short but with a tight stop in case of a bullish push from the whales. Let's see how this will play out in the coming days. Do you think inflation is playing a role here? Do you think there will ever be another bear market... if so are we currently in one? Let me know your thoughts below. Love it or hate it, hit that thumbs up and share your thoughts! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice.
by rnaofs
3 Drives to Complete the Cycle?With BTC finally showing a convincing local top at $69,000, I began exploring ideas for where the current retracement could end as well as what's next. Looking at the $29,300 bottom and creating a trendline with the $39,600 wick on 21 September, we can see it was respected a week later. This would make it a valid trendline in my book. A typical retracement in Crypto is the .618, but this one front ran it and only reached a 56% retracement of the move. Nothing too significant but it is important for context. Keeping the trendline and using some Fibonacci from the late September move to early November, we are entering the same territory for a completed correction of the move. What is interesting it is nearing the same territory as the trendline and the preceding retracement. So I began exploring the idea of us creating a large 3-drives pattern. The extension from $29,600 to $59,400 to $43,600, the last local high nearly hit the 1.272 extension, which is the target for each of the drives. Now applying some speculation on where price could end up. A few things line up nicely for an area for a bounce. Below at $50,000 we have quite a few areas of confluence including Fibonacci retrace + time, Trendline, Bull Market support, EW targets as well as psychological $50,000 and falling below Crypto Twitter's idea of the bottom being 52k, which would most likely make them bearish. The perfect storm to destroy retail. Now, we don't have to bottom there. But let's assume we do for the sake of this idea. Where would that take us? Well, there is a big grey area speculating this much so we can't say for certain. But placing the last extension pull at the trendline + fib time intersection. This is where it would put us. I think this is a very reasonable target for the top of the bull market going into 2022. A lot of people would be caught very caught off guard and left holding their bag until the next bull market. This market is designed to destroy as many people as possible, not to guarantee you riches. Let me know your thoughts below!
COINBASE:BTCUSDLong
by vozah
2
🚀 Back On TrackThe mood of the crypto market shifted from " a new bear market started " to " long live the bull market " in a matter of weeks. Looking at the big picture of the crypto market capitalization starting from the bottom in March 2020, things become clearer. The excessive euphoria that grew during the first months of 2021 needed a reset. The RSI captured this general weakness precisely, with lower highs diverging from higher highs during the market trend. It was easy to confuse the large crash in May with the beginning of a prolonged downtrend period. But as the market rebounded exactly at the bottom of the upward trend, investors and traders found the confidence to turn bullish once again. The rebound also occurred at the 61.8% Fibonnaci level, enhancing the importance of that area as strong support in the future. In the short term, 23.6% is the first support in case of a pullback. Consolidation in the green box would be beneficial for the long-term development of the trend. Should Bitcoin cool off below $50,000, that could be a good opportunity for Altcoins to have their moment of glory. Accumulating on dips and scalping long strategies are still the best way to capitalize on the current market condition. The trend is always your friend , after all!
CRYPTOCAP:TOTALLong
by Coinrule
The Bull Market is just getting startedHello Everyone, I have been seeing a lot of people saying that the bull market is over. I am still very bullish and for the last 3-4 weeks I have been calling for a drop to around the $45,000 area. This thing is just getting started. Let's go over a few things. 1. There have been 2 other bull markets all lasting about a full year from their previous all time highs. Why would this one only last 4 months? 2. Both bull markets have experienced several 30-40% corrections back to the 20 and 50MA on the weekly chart. A correction back to the low 40s makes sense. 3. I have posted a very similar Ascending Wedge around the same timeframe where bitcoin had a break down followed by a 2 week sell off followed by a massive climb. We have had the break down of the ascending wedge, now I am looking for 2-3 weeks of sell off then a large run upwards. 4. Bitcoin has not yet tested a weekly MA. In both previous bull markets we "danced" along and between the 20 and 50MA several times. I believe for this run to be healthy, bitcoin needs to see a correction back to the MAs. 5. Institutions, tech companies, etc mostly bought around the $40-50k area. Why would they sell for a loss or ride this wave to walk away with barely any profit % wise. I believe we are currently where the white circle is on the 2017 weekly chart. It is around the same timeframe with similar price action occuring. Please take a step back, relax, and look at the macro view. If you want to capitalize on this drop I suggest using a DCA strategy or averaging down. It is very difficult to catch the exact bottom. As always. be patient, use risk management, and good luck trading.
BITSTAMP:BTCUSDLong
by RomanXIV
17
The bull market (Buy) Crypto/Bitcoin $35k new topThe future looks bright . The bull market is here! In this technical analysis you can see that bitcoin busted through the Fibonacci level 1. Btc is heading to bust past the 1.272 & 1.414 level ultimately leading to touch the 1.618 level. You can also see its almost time for the RSI to rise and bust through the 70 level. If you think crypto's future is bright, please like this idea. Remember this is not advice. Trade and invest at your own risk :] You heard it here first. 12/22/2020
COINBASE:BTCUSDLong
by Samabby
2
Christmas Rally Short SqueezeI get it, Peleton is a hot stock and seems like a great product during the 2020 pandemic/ Bullmarket boogaloo. But, if you heard about a stationary bike company that was valued at 40 BILLION dollars any other time you would not want to become a new investor. I expect this stock to continue to do well this December due to Holiday shopping season and Fed QE . But, as the world population becomes vaccinated and Life returns to some sort of normalcy, this should slowly fade away. Of course the market is always forward looking, so I expect a pullback from a double peak chart pattern in January. TA interpretation + Personal Opinion = not investment advice* Best of Luck!
NASDAQ:PTONShort
by kingmidasLXIX
3
Safe CallNike is a safe stock to bet on if you are an options swing trader like myself. It has just hit resistance on the 45min while the MACD shows an upward trend and increase in bull strength. We are in a bull market and calls are much safer than puts for any stock. I have lost a lot of money on puts, even on stocks with the highest RSI and strongest sell signals across all indicators. Check out my ROKU publication and you will know what I am talking about. My question to all my followers, and those who see this because you are watching Nike. Why are markets soaring so high? What is the cause of such a strong bull run? Where is this money coming from? All this from a cure to Covid? A virus that the media has reported so strongly and ingrained fear into everyone, even though the common flu is just as deadly, and the annual death rate has remained constant compared to previous years. Where is this coming from?
NYSE:NKELong
by Myantman101
10