a BTC correlation that no one talks aboutSomething I'm wary of are geopolitical events under the hood. Past capitulations of $btc required that $usoil AND traditional markets to decline. So far, USOIL has not seen a capitulation, and a BTC bottom might not be confirmed until USOIL reverses and finds its bottom.
Macro indicator & misc. targets update:
6/03/22
Current Price: $29,700
RSI 3W: 2.7 points from bottom
BB %B 3W: Bottom hit
CCI 3W: Bottom hit
CMF 10D: Bottom hit
MFI 10D: Bottom hit
200W EMA: $27,100 - hit
200W MA: $22,100 - n/a
200W SMA: $17,700 - n/a
85% drop: $10,000 - n/a
Recession/Major US war involvement: $4,000 - n/a
Bitcoin was created out of the ashes of the global financial crisis, it *should* do well in the face of another one; however, that's ultimately up for the people to decide. May the odds ever be in your favor.
Thanks for playing
Capitulation
Have we fully capitulated? What the market is telling you. Overall sell volumes have already exceeded prior bear-market sell volumes. This may be a good sign that the all-important mass capitulation has already occurred now and we are simply still within a long, extended bounce that is exaggerated by the FED pivot.
**This is my opinion based on chat data. Not financial advice.**
BNBUSDT big short opportunityBNBUSDT found its capitulation line which is marked as resistance.
And the line where it is going to take support is the greenline.
But line history price action is pretty visible on the chart itself.
Whenever it hit the red line go short.
Whenever it hit the green line go long
Rejection coming? Another leg down?Extreme risk for any position now. Should this rally fail and reject from upper TL the fall will be steep and swift- capitulation, a fifth wave down.
Capitulation is the intense fear and dismay of investors who realize too late that their stonks ain't gonna hunt.
Just when you think, "Finally! It's going back up!" Suddenly it isn't.
Then the hammer drops... the finishing move. Bear target on pitchfork. Trade with extreme caution, or do not trade; GLTA!
BTC Getting Ready For A Big Week Ahead!BTC has been trading in an extremely tight range for the past week. Currently the bulls and bears and battling it out but to be honest, it looks like the bears are running out of steam. The new week has started and if you look at my previous post, you'll notice that BTC has closed above support and the new weekly candle has started. I can see a push down to around 28k to make a higher low before moving up afterward. You'll notice in this post there are a few key S/R zones mapped.
Let's see how this week plays out.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
$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 : )
Bear flag with scary target of 20K We have this scary bear flag on the 4 hourly that nobady is looking at. Bear flag break-outs are usually the most accurate break-outs from all patterns.Thats why i entered short position at 29.9k but we have so much support under my entery price so i am going to take my profits at 27.3k,25.5k, 24k and possibly at 20k.
Be smart, trade safe and i wish you good luck.
What do you think about this scary bear flag ?
Feel free to leave a comment.
If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
DON'T SELL YOUR CRYPTO
BTC TO THE MOON!!!
TOTAL3 - Alt Season Could Be Just Around The CornerIn a previous idea i've compared eth price with what btc did in may- aug 2017. TOTAL3 (crypto m. cap excluding btc and eth) looks even more similar than eth does. We see clear initial fall in the summer, then barely setting new highs, before turning down, heading into the lows, maybe go even lower a bit. We should expect HUGE reversal to the upside. This is because one vital element is missing here. We haven't altseason for nearly 80% of all the altcoins. Many of which haven't even rally 1/3 of what they did in a previous cycle, even though they are listed on all major exchanges, and have a use case. (XRP, DASH, EOS, XMR, ZEC, IOTA...)
I expect one final flush to come, then euphoria...
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
CRYPTOCAP:TOTAL3
BITSTAMP:BTCUSD
ETH - Might Still Be In a Bull Run - Alt Season ExpectedWith the recent capitulation eth has not set a new major local low like BTC did. Chart is behaving oddly similar to what btc correction looked like in July 2017. Back then we made a new ATH, then had an initial 50% correction (like we did in May - July 2021) then going back up, barely setting a new highs (green marks) before going into a second capitulation, that took btc even slightly lower then an initial fall was.
It looks like ETH with the rest of the altcoin market cap is doing the same.
If Eth starts to correct rapidly to the upside, without slow grind, but just exploding upside, like a presented with a yellow arrow like you can expect new ATHs to be in the cards and the big altseason to start especially for the rest of the "OG" alts that haven't had their true bull run yet.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:ETHUSDT
BITSTAMP:BTCUSD
Bitcoin (BTC): This Is Capitulation Im here to say this is the Third Capitulation event in roughly 4 years.
Trying to catch the falling knife is very dangerous unless you are absolutely ready to lose it.
LUNA and their Stable Coin was the final nail in the coffin to send the market over the edge.
Just remember, although fear has taken over and doom has arrived, this too shall pass.
This is just a moment in time, and as we all know too well, time NEVER stops.
Stay focused. Learn. And Survive so maybe one day you can reap the rewards of the sacrifice.
Never risk more than you are willing to lose.
Good luck everyone!
Bitcoin : Weekly Capitulation planBitcoin / Weekly / Log Chart
Bitcoin is supported by the 50,200,300 EMA Lines for the past many years. Whenever BTC Bottoms, We see a huge capitulation candle with high sell volume. This means many bulls gave up and they sold all their Bitcoins at the bottom. Later, We saw recovery and saw new ATHs From there.
Currently, We last saw a Capitulation at 29k Last year.
Now since BTC Lost the 50EMA, The price is slowly getting gravitated towards the 200EMA. if we break 29k, Our next support will be 27k. And the worst case will be 20k.
If in case if i see a capitulation candle when we slowly go downwards, That will be the point where i will buy multiple coins heavily.
🔥 Bitcoin's Capitulation Expected: Bear-Market Low TargetA couple of days ago I made an analysis about my expectation on Bitcoin's reaction to the most recent FOMC interest rates decision. See my elaborate post below.
Whilst the initial reaction was bullish, we sold off very hard the day after (yesterday) the FOMC meeting. Whilst a lot of technical and fundamental indicators pointed bullish, we did not get what a lot of investors expected.
Lesson learned: when everyone is watching a certain area to hold, it will likely not hold. Same happened when BTC was trading at $40k in January.
In my most recent bullish analyses I noted that I expected a short-term bullish move, but was bearish in the long-term. The fact that we're likely to see a bearish break-out of my Bitcoin Pitchfork (see below) just moved my long-term bearishness a month forward.
If stocks continue their sell-off in the coming weeks, I'm expecting a bearish break out of the bullish channel / pitchfork pattern that BTC was trading in. If we lose this support, I think a capitulation event will likely follow. In
my opinion, if the current support (yellow circle) will hold it will only push the bearish break out back by a few days/weeks.
My bearish capitulation target area is the area between the Summer-21 low and $20k, see the green square. Note that the 200-week SMA will trade between 23k-26k by the time we arrive there. During ALL last cycles, the 200-week SMA has been touched at the lows at the bear market. This area marked the bottom of the bear market and the path from there as only been UP.
Share your thought below!
US DOLLAR - Seniorage104.55 presents some issues for the perennial DX Bears.
Will it arrive, we've been suggesting as much for months on end.
It is quite often Gold Bugs who cheer the Dollars demise, without
realizing Gold has moved up with the Dollar.
Why?
Curious is it not, but the answer is simply Fear.
Projecting what should never be... is not a winning trade in Fear.
We are reaching the later stage of Capitulation, extreme volatility
signals this event.
Tomorrow will be interesting as the MAY VIX Futures left several micro
Gaps below @ 29.24 and 30.05.
Is the end near?
Yes, it is quickly and violently approaching.
We will be watching the ES reaction @ 3949.50.
Trade safe and good luck~!
HK
BTC big short opportunityHello Birdies,
As we are saying this from december we are in bear market. Now the point has come from where we are going all in for short.
The points of shorting are on chart and also you can see there is a huge volume on 42 ,000 point .
I can say We are officially in CAPITULATION
Final Flush?Note the big red candles in prior selloffs of this trend each followed by a deep flush with reversal leaving a long wick. Crashing.
Big ERs Weds FB and Thurs AMZN, AAPL all EOD after the close. Extreme risk in any position now, highly unstable, unpredictable.
Catch this knife at your own risk. Indicators become worthless in a panic. Oversold >> More Oversold. Capitulation phase.
If you imagine that looking at these red ovals it had been simple to just short and ride top to bottom, look again.
Every red candle has a high wick and shorts got shaken out on those, then it rolled over again.
There were green rally days that looked like reversals, but failed, stopped out both shorts and longs.
So damned tricky to trade these downdrafts, the fluctuation is terrific. Short-killing rallies followed by bull trap selloffs.
Look, on Monday the damned thing started with a selloff, then bulled up 2%.
Bear markets are a real Bear. Hate it!
FB - could the low be in?FB hit a low of 169.589 on 27 Apr on high volume and then gapped up strongly the next day on even higher volume (due to positive earnings). There is a chance that it could have capitulated after having dropped about 56% from it's peak in Sept 2021.
It could stall around near term resistence (239 to 248) on the way up and I will not be too surprised if it starts to range. As long as it does not reverse back below the low of the gap candle (192.90), then the worst could be over. However, under the current market conditions, I will not expect it will be able to recover anywhere near it's all time high anytime soon.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
BTC big short opportunityHello Birdies,
As we are saying this from december we are in bear market. Now the point has come from where we are going all in for short.
The points of shorting are on chart and also you can see there is a huge volume on 40,300 point .
I can say We are officially in CAPITULATION