Crash!!!!!
THE PREDECTED 'FLASH-CRASH' WEEK IS UPON US!As I've stated in a previous post, I believe that a massive, market-wide liquidation event is coming within the next trading week (September 9th–15th). This chart pertains to what I believe we will see in XRP during this timeframe.
As predicted previously, I believe we will see a drop below $0.3838, between 33% and 50%, but it likely won't last too long before the price recovers and starts the beginning of the next bull run cycle.
Many people falsely believe that we are already in the bull run, but that's simply not true. The gains we have seen so far in some cryptos have just been a precursor to what is about to occur over the next 9 to 14 months in the new appreciation cycle. Anyone who says we're already in the bull market is just flat-out wrong. But never fear; it is about to start, though only after a major liquidation event occurs to fill the coffers of the market makers, who will sell all the way up, providing the needed liquidity to drive the price to new all-time highs.
Good luck, and enjoy the ride! Becoming a multimillionaire will be the best part. Once you get there, you won't even know what to do with all that money! Hopefully, something good for your community and the people in your life! Always be charitable and create the change that you would like to see in the world; don't wait for it—make it happen!
CRYPTO MARKET CRASH COMING THE WEEK OF SEPT. 9TH - 15TH.I believe there is a massive crash coming for the crypto markets during the week of September 9th through the 15th. Don’t ask how I came up with this prediction; it’s too complex to get into. I don’t know if the drop will be a massive red candle in a single day or if it will be a multi-day process to achieve these lows, but I’m predicting that the minimum price drop will be 33%, to 50% in most cryptos (less than two weeks away).
This may be the 'Black Swan' that we have been waiting for, and for some, this will be the scariest moment in crypto. For others, it will be the buying opportunity of a lifetime.
Key takeaways from this prediction:
- The overall crypto market will drop sometime between Sept. 9th through the 15th.
- Price drop will be between 33% and 50% in a 7 day timeframe.
- Drop may be quick, as in a single day, or it may be a process that takes the full week.
Keep some cash on the sidelines to purchase physical coins to add to your long-term crypto stack. This buying opportunity may last only hours, days or could extend to the full week; only time will tell.
Let the countdown begin. And yes, I know this is a bold prediction, but I wouldn’t be sharing it if I didn’t believe it was actually going to happen, and yes, I may be wrong.
Good luck!
My Stock Market Crash FantasyOn the left we see 29 trading days from peak. On the right we see 29 trading days from peak before the historical stock market crash of 1987.
It is a stock market crash fantasy because huge stock market crashes are very rare events that are most likely not to occur.
That being said, IF a crash is going to occur it would more than likely *only* start very soon after an extreme rally up.
Secondly, if it is going to occur in a manner similar to the 1987 and 1929 crashes, then there is only a short window of opportunity for it to occur. The time window of 29 days to final peak is now in alignment from 1929, 1987 and 2024.
Will it occur? It probably will not occur if we start to rally from this point forward. But if we start right NOW to get some hard down days and stronger lower low and lower high days going into the first week of September, then maybe just maybe the stock market crash fantasy won't be a fantasy anymore.
Some technical notes:
we continue to have many and plenty of Carl V bearish technical patterns on major indices that points to a test of the August 5 lows. A move down to those lows into the the first week of September would be a very bearish sign for markets, but it is unknown whether such a big decline could happen that fast again.
Federal Reserve is Behind the Curve, Recession is 100% CONFIRMEDHello everyone,
The federal reserve has kept interest rates at near zero and printed the MOST money in US history back in 2020 and this has caused one of the worst inflation in 40 years. Jerome Powell decided to fight inflation by giving us the fastest rate raising campaign in history. He has kept rates too high for too long and we are now guaranteed a recession. Jerome Powell will find himself in a position to cut rates very fast due to the cracks in the job market. It is already too late we will be witnessing a huge spike in unemployment. Who knows how high this can go, back in 1929 unemployment hit 24.9%.
BTC/USDT SAME XMN DATA CAN HAVE HUGE EFFECT FOR BTCWe have seen what XMN data have done with the trend of BTC in the past, and in 2024 for the first time the same XMN data shows.
The last XMN data did affect BTC from 53K to 16K
We are not able to count BTC where its able to go, but there is a high chance for BTC fall trend.
XMN data shows sometimes in the full history of BTC, and it's not something that shows in a low time frame.
BTC can still make more fake increase trends before the trend starts.
Never go on expecting, but follow BTC's low time frame what the data now shows.
Also, it means not that it should start today.. but how the data looks something can happen coming time if the data confirms what happened before.
BTC can target over 61K, but it will stays risky.
BTC SHOWS NEW BREAKDOWN DATASince yesterday, BTC has shown a new data breakdown, and we are checking if this trend can be confirmed.
This data did show just some times since the existence of BTC, and did break down or crash every time it did target. We are now exactly at the same data, so let's see wat will happen.
US HOUSING MARKET CRASHUS Real Estate Price Index Analysis:
The chart illustrates a long-term upward trend in the US real estate market, with prices consistently climbing over the years. However, we are now approaching a critical phase that requires close attention.
Pre-Election Period and Mid-2025 Outlook:
As we move towards the upcoming elections and into mid-2025, real estate prices in the US are expected to continue their ascent. This trend will be heavily influenced by consumer purchasing power and interest rates on loans, which individuals should monitor separately. The continued growth is driven by demand, but this is likely to face significant headwinds soon.
Impending Crisis in 2025:
As we enter 2025, the real estate market is on the brink of a major crisis. Prices are predicted to plummet, potentially falling to an average of $380,000 per home. If prices break below this level and sustain, we could see a further drop, possibly revisiting the 2020 price levels where the average home price ranged between $280,000 and $300,000.
Market Correction and Future Growth:
The market is expected to correct by approximately 30%, after which it should resume its growth trajectory. This correction will be tied to the growing unaffordability of new homes for the average family, as credit interest rates rise to levels beyond the reach of many. Consequently, more people will opt to rent rather than buy, leading to an oversupply in the market as homeowners struggle to keep up with mortgage payments.
With the increasing number of properties flooding the market and demand not keeping pace, the imbalance will push prices down. Additionally, global military conflicts and the policies of the Democratic Party, should they win the election again, will likely lead to a prolonged two-year recession from early 2025 to the end of 2026. Real estate will be one of the last sectors to recover from this crisis.
Strategic Buying Opportunity:
Given this outlook, I anticipate a market bottom by the end of 2026, making early 2027 the optimal time to purchase real estate in the US. This period should offer the best prices before the market stabilizes and begins its next growth phase.
Walmart’s (WMT) Earnings Could Signal Economic TrendsAt first glance, Walmart's earnings might not seem critical, but they provide key insights into consumer behavior and could serve as an indicator for future retail sales. If Walmart reports disappointing earnings, it could signal broader economic concerns. As one of the largest retailers in the U.S., a decline in Walmart's customer base may indicate that consumers are tightening their belts, which is never a good sign for the economy.
This is why we're closely monitoring Walmart. Sometimes, stocks can act as a barometer for the market. While we’re hopeful for a strong earnings report, we're also anticipating a potential price dip into the $43 to $36 range. Whether this occurs immediately or in the coming weeks is uncertain, but we believe it’s a likely scenario. If Walmart’s price drops into this range, it could present a compelling buying opportunity. The golden pocket Fibonacci retracement aligns with this area, and there’s also a significant, yet untagged, liquidation level at $40 that we're keeping an eye on.
We’ll be closely watching Walmart’s earnings and price movements. If we see a negative earnings report and a subsequent drop in price, we’ll provide updates and discuss potential strategies. 🤝
ETh → a high timeframe analysishello guys!
the news forced the price dump!
1. Double Top Completion:
- Description: The double top pattern projected a target of $2,100, which the price has successfully reached. This indicates that the bearish move triggered by this pattern has played out.
- Outcome: Since the target has been met, the selling pressure may decrease, and we could see consolidation or a potential reversal.
2. Current Support Zone:
- Description: The price is now hovering slightly above $2,100, at around $2,280. This area could act as a new support zone, especially since it aligns with the long-term upward trendline.
- Outcome: If this support holds, the market may enter a consolidation phase, with potential for a bullish reversal if buying pressure increases.
3. Next Potential Move:
- Bullish Scenario: If the price continues to hold above the $2,100-$2,280 support range, and if it breaks above the nearby resistance zone ($2,500-$2,700), it could signal the start of a new upward move, potentially targeting higher levels like $3,000 or beyond.
- Bearish Scenario: If the support around $2,100 breaks, the price might test lower levels. The next significant support could be around $1,800, which was previously highlighted as a strong support zone.
Summary:
- Completion of Bearish Move: The target of $2,100 being hit marks the completion of the double top pattern's bearish move.
- Critical Support Level: The $2,100-$2,280 zone is now a critical support area to watch.
- Market Direction: The next direction will likely depend on whether the price can hold this support and break above resistance, or if it will fail and move lower.
Traders should monitor these levels closely to gauge the market's next move.
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✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
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Bitcoin Down 14% from Halving Event: What Happens from HereThree posts ago, we discussed the intricate relationship between Bitcoin’s halving events and broader economic conditions. The recent market developments have indeed proven this connection, as Bitcoin has experienced a significant 14% drop since the halving event on April 20th 2024.
Context of the Recent Market Crash
Several factors have contributed to Bitcoin's recent decline:
1. Macro-Economic Conditions : The Bank of Japan's rate hike on July 31, 2024, significantly impacted global markets. This move made borrowing more expensive, disrupting the carry trade involving the yen and causing a ripple effect across various asset classes, including cryptocurrencies.
2. Market Sentiment and Sell-offs : The anticipation of Mt. Gox creditor repayments, releasing around $8 billion worth of Bitcoin into the market, created fear among investors, prompting a sell-off that drove prices down to as low as $53,600.
3. Broader Equity Market Decline : Global equity markets have also been under pressure, with major indices experiencing significant losses. This broader market downturn has influenced Bitcoin's price, as investors often sell off riskier assets during periods of economic uncertainty
It's Not All Doom and Gloom
Over the long term, Bitcoin has always shown resilience and growth, particularly in the years following a halving event. Historically, Bitcoin's price tends to experience significant increases 6-12 months after each halving. This pattern has been consistent across the previous three halving events:
2012 Halving: Bitcoin surged from around $12 to over $1,000 within a year.
2016 Halving: Bitcoin climbed from approximately $650 to nearly $20,000 within 18 months.
2020 Halving: Bitcoin soared from $8,000 to over $60,000 in the following year.
These historical trends indicate that despite short-term volatility and market downturns, Bitcoin has a strong track record of long-term growth. This resilience is driven by the fundamental principle of reduced supply through halvings, which creates scarcity and can drive demand.
Position Update from Our Trend Model
The Model had gone cash one day prior to the sell-off, resulting in a small loss of 6% from the long entry price back in July, the model was however able to avoid what was to come after that, which was a 20% drawdown within 72 hours. The model remains bearish for the medium term and we'll update in another post when the time comes.
As always, it is crucial to conduct thorough research and consider both macroeconomic factors and market sentiment when making investment decisions. Stay tuned for more updates and insights as we continue to monitor the evolving market conditions and their impact on primarily crypto 🚀.
Russell 2000 fractal points to 40-60% dropRussell 2000 currently creating fractal.
Points to possible 40-60% downside.
This fractal creates:
- A top
- A bear flag
- A failed break to the upside
- A large break down after the failed break up
This fractal occurred in 2008 and 2020.
Both instances of recessionary bear markets.
This could play out similarly if we get a recession.
Price target is around 95 -100.
What's next for bitcoin ?Crypto market had one of the worst days in the history with sudden market crash. From the peak market had crashed 29%, this is the major correction since the halving. This market crash fuelled by the recession fears.
47-48K range acted as a support during this crash and it held strong, looking the current bounce back, i'm assuming this support will hold, if the this support breaks then next target for bitcoin is at the support level around 37-39K.
current recovery of the market is showing a strong upward momentum and looking similar to COVID Crash.
August and September month is gonna be difficult month for crypto holders, we can expect continued consolidation and and drop while holding 48K range. If the we have a bull run as everyone expecting then it's gonna be starting around October.
Let's see how it plays out.
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Cheers
GreenCrypto
Black Swan Incoming (Part 2)The series continues as Bitcoin fails to invalidate my thesis. This is most likely the start of the crash rather than the end. The first diagonal support comes in at 45-48k.
Check out Part 1 above first.
The Topping Fractal Strikes Again
The entire move is orchestrated time and time again. You can see from Part 1 that 7-10 year wallets shifted massive amounts of Bitcoin right when we get this same topping pattern appearing. Coincidence? I think not. This is the third time it's happened now.
You can see from the chart above we failed to break retracement levels.
Chainlink Fractal
What you are currently seeing above is REAL, it is happening. I thought about this possibly happening when I was actively trading this fractal back in 2023.
This is the Chainlink fractal from last cycle overlaid to this current cycle.
I traded this fractal back in 2023 and when I overlaid and saw that the Covid crash lined up with my Fib time, I thought, is it possible we get a crash in August 2024?
I was going over this possibility in 2023! Mind-blowing. If the fractal plays out, that means that the bottom is basically in for LINK and the bull market starts now, with a top in September 2025. Anyways, I will post a different TA on LINK.
The Million Dollar Question
Is the double bottom in or not? I have wrestled with this question for months, over a year maybe. While all other analysts and everyone else is convinced that the double bottom is in, I have never been 100% sold on it.
What do I mean? Well, since the first Bitcoin cycle, we have formed a double bottom before the bull market starts.
As you can see, we always form a double bottom. If we repeat history, that means that Bitcoin will retest the 20k area.
Everyone is convinced that this is the double bottom, but I have never been sold on this theory, especially when we have a CME GAP at 21k!
Mayer Multiple Bands
We can see that the last band is at 26k. For now, the worst case would be that price point.
USDT Dominance Chart
I was watching this closely. We were forming an ascending channel for a while. Bullish for USDT dominance means bad for the market. What is interesting is that we hit the same level in March 2022.
Very interesting.
Hash Ribbon First Failure?
Will the hash ribbon fail completely this time? Last time it fired off a buy signal, it dumped 17% before going on a massive multi-month rally. We are currently down 29% since its buy.
Fear and Greed
Conclusion
"IF" we even get a bull market, it will most likely start in 2025.
We need to get interest rates under 2.5% at least. We have never had a bull market with rates so high. First cycle: 0%, second: 0.5-2.5%, and third cycle: 0%.
bitcoin IN A cool positionHi guys. this thing has made a nice textbook channel, today we have non farm payroll and unemployment data in the US , it can make the buttom of this wave 4 looking thing that we all suspect. but it can also chop a litle more s that it would have at least the same amount of time as of its wave 2. if bitcoin goes above 66600, you got to be bullish. but so far SPX also has shown toppy , jeff bezos sold billions of his stock. so... don't do more crazy decisions, we have all been tricked enough this year.
BTCUSD Weekly Inflection pointWhat I have here are a bunch of momentum channels piled on each other on the keltner channel oscillator. (weekly light blue, daily green, 3hr light purple) I didn't bother hiding lines from the diff time frames, which helps put into perspective each zone in accordance to the keltner channel TF price is in. IE on the weekly we're above the KC Mid Line. Same with each TF all the way to the 1 Hour where we're consolidating. A shift on the 1 hour makes for a potential shift on the 3 hour, and judging by our position in the relative channels on the various time frames I expect consolidation on the 3 hour with the potential to consolidate on the daily and weekly.
This is what I call an inflection point.
Weekly:
Daily:
3 Hour:
Here is a previous chart with a daily inflection point:
Which direction it goes on the inflection point is a guess, unless watching every timeframe to see the inflection points on the lower TF's develope in real time. Momentum shifts mark a point where momentum consolidates; from which it could break out or break down.
When I start to see shifts on the smaller time frames, they tend to consolidate, and push thier final peaks of emotion (price peaks) until the larger time frames develope a shift and consolidates as well.
My first chart uses a weekly inflection point/momentum shift and the keltner channel to determine that price would drop to 20k from 60k...
Crypto Crash - BTC Massive Shorts Incoming? We broke the weekly trend on BINANCE:BTCUSD , and now price has mitigated the OB that's been left behind.
Are going to mitigate that monthly OB that was left behind?
Due to macro data, I wouldn't be surprised if we wouldn't see ATH in this cycle.
Trade being invalidated if closes above the weekly order block (OB) and only valid with daily break of structure.
$SPY Sharp Decline?! $503 Target, $493 possible 8/21, then $520Thats right folks. Your's truly with another quick thought on where I think we're headed, and FAST!! Assuming we repeat the First Half of 2022, I want to say that the next 10 days will produce a dump and a bounce. Do be careful if you're long this market. All signs point to a flash crash to $493 and then a mean bounce to retest $520. Don't forget, cash is a position. I like to keep things simple with my charts for the most part. ATM, I am looking at the 10D chart. I like the 10D chart because it has hidden divergences on RSI that prove extremely useful. As the days go on, it will get easier. Those that doubt will always learn the Hard way. Paytience will always prevail. After $520 bounce, I would assume a slow bleed to $480 into the election for a new low, followed by an Election Rally back to $530 before we come back crashing down. All of this will come with time and I'm writing it down so you can see my thought process. Everything takes time.
Drop to $503-$494
Hard Bounce to $520
Slow Bleed to $480, Previous ATH Winter 22'
Bounce to $530 for a Retest of Previous Support should we break. Good Luck out there