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Capitulation

Marathon Oil Entry//Targeting Metrics// Bullish Elliot Wave will end at ~$20 on 01DEC2022 Marathon Oil has taken steps to improve earnings by cutting cost for the year 2021, that which is reflected after analyzing and comparing this company’s financials quarter-to-quarter. MRO currently benchmarks in the 91st percentile in the crude petroleum and natural gas sector. MRO’s share price has been moving downward since 01JUL2021 in tandem with a falling price-to-book ratio from 1.047 to 0.856 in confluence with a PEG ratio of .30, indicating that Marathon Oil is undervalued and can be expected to increase earnings. The beta value is currently at 3.23, indicating MRO’s movement is three times faster than the current market. Although share price has been moving downwards, the RSI (at seven-day intervals) hasn’t dropped below fifty percent on the weekly and monthly intervals while also bullish divergence can be seen on the weekly time frame, thus indicating continued bullish fervor. ATR is also divergent on the 4H interval from this stock’s downward trend since 28MAY2021, indicating a sentiment for a major bullish capitulation. Share price has been consolidating below the 200 EMA on the 1D interval since 20JUL2021. Bullish capitulation will hinge on a positive earnings report on 03AUG2021 with continued bidding.
MLong
by OrangeTrader93
1
BTCUSD "Economic Bubble"?Thought it fitting to sketch Dr. Jean-Paul Rodrigue "Economic Bubble"model over BTCUSD Weekly TF. Imagine how fast this would move once "FEAR" was to properly set in. Thoughts on price action over the next month? "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
COINBASE:BTCUSDShort
by Trader_Johnni
9
China Market Finally Bottomed After a Prolonged Panic Sell Off?Due to the repeated news of Chinese government's crackdown on the monopolistic practices of Chinese Technology companies that worried some investors on the long term impact of investing in these companies and the we have seen a prolonged sell off by both retailers and institutional investors in many of the Chinese Tech companies namely Alibaba ( HKEX:9988 and Tencent HKEX:700 . However, the good news is that the impact of these policies are likely to have minimal impact on the business model of these companies targeted and also from the technical aspect, we have seen TVC:HSI hitting a confluence horizontal and long term trendline support line with bullish candlesticks formed over the past few trading days. Moreover, signs of capitulation can be seen in big constituents of HSI such as NYSE:BABA , thus further suggesting that a reversal might be around the corner. In retrospect, many of these great Chinese companies are very undervalued served as a great opportunity for investors to hop on and catch some great profits ahead.
TVC:HSILong
by minjiarui16
1
BTCUSDT 4H | Bitcoin market overview: $30,000 is downHello, dear subscribers! In the previous review, we looked at the downward movement of bitcoin price at the breakout of $35,000. Since then there was a fakeout above $38,000, the price was rising to $40,000. After that, a progressive downward movement began. At the moment we are at the global support zone of $30,000. MACD, RSI and OBV indicators are in the red zone. Buyers are hardly containing the bears onslaught, breakdown of this level does not promise anything good to the bulls, ahead will be $25,000, and then $20,000 per bitcoin. The RSI indicator shows that the price is strongly oversold, which means that instead of a sharp drop it may rebound above $30,000 or we may see a slow and exhausting slide of the bitcoin. Subscribe to the channel and stay tuned!
Short
by CatalystsFinance
BTC At A Decision Making PriceRecently BTC price has formed some kind of a symmetrical triangle after a capitulation. There is a huge fear in a market right now, and i cannot help myself buying some alts at those prices. We will eventually climb back up. When? .. No body knows, but if btc decides to fall down from this pattern we may have a retest of a recent local low forming a double bottom or even form another one. If that is the case we should do that in a few days, otherwise expect the price to break up from the triangle. If price breaks up, expect a shortsqueze that could take us back to 50k close to a .702 fib. level. Once we are there we should slowly form a new ATH then have a blow of top to 70-80k and that should be the end for this cycle for BTC. We still have a long way to go and right now it is really hard to say where the prices will go in a short term period. In case you don't know, Where triangles are broken, the price can usually move for the same length as height of a triangle. That does not always happen but it usually represents the maximum price movement in that direction. Stay strong and hodl your crypto if you understand what you hold and are comfortable with the risk. You will get rewarded. I am not a financial advisor and non of this should be taken as a financial advise. Be well. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by AVA37
BTC- Fundamental, market cycle and capitulationThe great unwind... As Mark Cuban calls it. Such capitulations are, however, not uncommon throughout Bitcoin's history. Feb 2018, Nov 2018 and Mar 2020... To name a few. Of course, to newcomers, such volatility is difficult to stomach. At least, that was how I felt back in 2017. The latest China FUD is simply three banking and payments associations in China reiterated on the central bank's 2017 ban on financial institutions and payment firms engaging in cryptocurrency transactions and these rules have been in place since 2017. China has been banning the retail trading and the operation of crypto exchange within China’s jurisdiction since 2017. I know this because I was at the front row seat and watched this event unfolded which also coincided with the deep correction of Ethereum from $400 to $140. China’s latest crackdown on Bitcoin mining will be limited to operations that are not using hydroelectric power. If you think about it, it’s actually good for BTC’s reputation and the global environment in the long run as the world’s adoption of the decarbonation accelerates. Elon musk’s bashing of BTC…. Hard to take him seriously when he doesn’t even know the high ownership concentration of DOGE and when he believes that he can magically 10x the block size of DOGE. Obviously, he hasn’t thought seriously about the scalability dilemma and the tradeoff between privacy & decentralization and transaction volume/speed/cost. He is right about the BTC’s environmental impact though and it is an important issue for Bitconers to address as the worldwide trend toward the greener environment marches on. I just wish that he didn’t flipflop on whether or not he would allow Tesla to accept BTC payment. FOMOers, long-term holders/whales and miners determine crypto’s market cycle. Let’s examine them one by one. Short-term holder's capitulation- Panic selling is actually good as weak hands get shaken out and market cools off a bit. Both aSOPR and STH-SOPR have dipped below 1.0 recently indicating the widespread and aggressive panic selling by new holders. # of address with a non-zero balance has also decreased which is another sign of panic selling by FOMOers. Bitcoin’s Net Transfer volume from/to Binance is another panic selling indicator as it went up when panic selling intensified. Long-term holder is HODLing- The ASOL, CDD and Dormancy metrics are all down indicating HODL sentiment among long-term holders. # of Bitcoin supply held by Long Term Holders indicating that LTHs haven’t distributed their holdings to the lvl where the new accumulation phase typically begins. Coinbase’s outflow continues to increase and its balance continue to decline which indicating institutional accumulation and demand and the increasing # of accumulation addresses also point to the same trend. Total supply held by long-term holders has also slightly increased though this data by itself doesn’t tell us if LTH is accumulating at the bottom of the bullish retracement or the beginning of bearish cycle. Miners' accumulation- Last but not the least, miners’ behavior has great influence on the market sentiment. Both Bitcoin’s Miner Net Position Change and OTC Desks Balance indicate that miners are bullish and are accumulating BTC instead of distributing it. Most other on-chain datas and technical indicators such as BTC NVT price, Bitcoin Difficulty Ribbon and Mayer multiple paint a bullish picture as well . However, one thing that concerns me is that Bitcoin Wallet Sizes: > 1,000 BTC seems to be declining a bit. It’s possible that the price can continue to fall and bottom around 25k, but the likelihood of it happens will depend on if BTC can convincingly break above 38k and how long BTC stays below 40k. Whatever you do, base your judgement on the combination of different source and analysis rather than the biased intuition and simple trading patterns. Most importantly, play the long game. It's paramount that you can survive the bearish cycle, which will come eventually, and have enough capital set aside so you can buy at the bottom formation and enjoy the fruit of your labors when the market rises up again.
by Libratus
2
Capitulation! Bitcoin Buy #2 filled.Bitcoin bagholders and gamblers are running for the exits again. All are selling at the same time and the price collapsed very fast. Not much new to say. Let's look once again at past examples. A few pictures are worth a few thousand words. Capitulation of "the bull market is back", the price was down 40% in a single day We can put the 1 hour charts side to side: Next, more recently we can look at the big red candle that eliminated the last 2018-2019 permabull survivors. September 2017 The last big bear market At best a mega rally, at worst 1 year to exit the position with a small win? Yes please. Why would this time be different? 2016-2017... You wished you bought at $200. I don't know what this is, but the selling again is very very fast as opposed to the buying & bagholding Even 2011... Each time of course the volume peaked, no point showing it, sometimes a bit sometimes a lot. It's a miracle! Kraken is responding I was able to buy. You might want to wait for the big green reversal candle before buying, or buy some now, and buy more with the green candle.
INDEX:BTCUSDLong
by MrRenev
3
Bitcoin in Capitulation Embrace the Volatility, HODL, and Relax.Welcome to Cryptocurrency! HYPER VOLITILITY! FLASH CRASHES! This is the first time since March 8th 2020 we've fell below the 200 day moving average which was right at the start of COVID-19. Reverse psychology when it comes to Cryptocurrency these dips are historically some of the best times to enter the market. Is the bull market over? I personally don't believe so but even if it was I'll still be taking stable depreciating fiat dollars and adding to my Bitcoin position. I personally never trade or sell my Bitcoin I just continually add to my holdings. I more focus on growth and Bitcoin wealth preservation but that is just me though. I believe years from now we'll be looking backing wishing Bitcoin was at these current prices just like how everybody wished they could've purchased Bitcoin back when it was a couple hundred dollars only 6 -7 years ago. The whole market is on discount so for all those great cryptocurrency projects that you've been itching to buy this is a nice price correction to consider entering. My whole entire portfolio is down 50% but I'm perfectly fine because I haven't sold anything, therefore I haven't lost anything. This will not be the first nor last time we corrections like this. I understand this is painful but we need to keep our emotions together. This is meant to shake you out of the market. Institutions want you to sell you're Bitcoin for cheap. Remember you've only lost if you've sold. Buying and holding isn't as easy as everybody thinks. We feel very euphoric and like geniuses when we're very profitable. But we think it's the end of the world when we get steep retracements and price drops. Then we feel like loosers and a lot of negative self-defeating thoughts start to plague our minds with fear, uncertainty, and doubt. If you purchased Bitcoin and you're down don't worry. Our world needs Bitcoin and it's extremely limited. HODL your Bitcoin! We've formed another parabola and we will get though this painful correction. Much peace, love, health, and wealth!
COINBASE:BTCUSDLong
by peacefuljustin
ETHBTC showing signs of a BaseWe might get a base developing - a floor or what appears to be a "floor" on price. Often this can serve as a means for a meaningful bounce, I may start converting a little soon, but I prefer to wait for a capitulation move to make a bit of conversion back into ETH worth the time and such. Disclaimer, I still maintain a strong position on ETH and have a positive view of it as a cryptocurrency going forward. Now, "normies" are talking about accumulating a whole ETH the way some of us were discussing accumulating a whole Bitcoin back in the day, which can only be good for the whole space. In the meantime, I am running an AMM (several in fact, just started a BTC/WBTC in the last couple of days) so that I make money on the chop either way. Might just wait for the capitulation move and buy back a whole ETH from some of the extra BTC I have stacked as a result of this trade. Again, small monies and keeping a core position on both regardless and enjoying ALT out-performance of both BTC and ETH to a certain extent.
Short
by JJMa
Corrections / China and cashLooks like the crypto market cap is moving nicely with BTC. i dont include BTC in market cap. i use bitcoin as a stand alone chart. why? Chinas printer is going BRRR right now. look at bitcoin as the digital YUAN. thats right i said it. 2017 bull run 80% of that bull run came from the YUAN coming into the market. The other 20% was the rest of the world currencies mixed. all i know is that theres a much bigger war going on across the board than people think. Crypto is battling with cash and China isn't having it with trump. Get ready for a crazy 2021. after the election. money printing is going to get even crazier than what we've seen in 2020. crypto bubble happen in 2018 and now its coming to a end and getting ready for bull run once again in 2021. below is my btc chart
CRYPTOCAP:TOTAL2
by KidCrypto514