FTM Short - I like this project, however it looks a good entryFTM - A Fantastic, scaleable solution with better transactions, speed and breadth then ETH. I truly think this will be a Top 5 coin in the future.
However, right now it does not present a good opportunity to enter. I have entered short at 2.7. It has held it's trend well recently but is overdue a correction. If it follows the rest of the market then this will break its upward support and fall down. The R:R is good here compared to many other cryptos which have already fallen dramatically.
Crash!!!!!
HIGH LEVEL SIGNAL IS NOW BEEN GIVEN C R A S H SIGNAL LOOK FOR A CRASH OVER THIS WEEKEND based on the action in nysi and mco as well as put call and the wave structure and the fact the sp reached into my projected stop at 4818 BTW mass fib relationship the alt to 4818 was 4917 these are relationships going back to 2009 low
complete analysis on Bitcoin ( Read this carefully )Hello guys, welcome back, I hope you all doing great.
I decided to write a complete analysis on bitcoin, recent moves brought so much fear into the market, everybody having different ideas on the price action, some going short some going long, so the question is, what to do now.
We are going to take a look at bitcoin on different time frames and check the technical analysis for each one.
now this is probably going to be a long article but I believe its worth the time.
Lets start with weekly chart to see what is going on here.
I drew a trendline by connecting 2020 big crash and 2021 crash ( pointed out on chart ) and it turned out to be a proper trend line ( by checking out the daily chart you will realize price had reactions to this zone many times )
by drawing this line, now I can tell we have a reliable price as bottom, we can kind of expect to bitcoin reverse its move by touching that line once again ( if price ever decides to touch it again ! )
Don't worry, I will summarize all of the content at the end, but please follow the text carefully ;)
I also drew an orange trend line which is kinda forming a triangle for us ( and again if you check on lower time frames you will realize its an actual trend line not just a random line ); by break of this orange line, price managed to make a new ATH and we all know you should always expect a pullback to broken levels.
So again, we have another level that we can expect a trend reversal from !
now lets take a look at daily time frame and draw some important support and resistances for a better understanding
now if price keeps going down from here steady and slowly, 40.8 - 41.0 k is where I expect a trend reversal :
Why? Because there is so much support! we have a huge weekly trend from 2020, another support zone and the orange trend line, the support on that level is massive and if price ever goes below that level, we are going to see a huge crash and that shouldn't happen. ( That will probably ruin crypto market )
- So to summarize #First_Scenario would be :
but we might also see a trend reversal after an small pullback to 44k Zone, for this you can use candle stick patterns, pin bars , doji bars and ... with a bull candle after them will probably confirm a trend reversal and a pullback.
But ! these are all harsh scenarios, lets look at lower time frames to see if we stand a chance for a run from where we are !
as you can see, we have a trend line and also a support zone ( purple one ) on the chart, price broke out of the trend line but the support zone is strong enough to hold it for now, you can also see a trend reversal candle stick pattern here, which is kinda telling us that we are going back up for a bit now ( this might be a pullback of the down trend ).
Currently price has a resistance on 52k, if we somehow manage to break this level, we can see another run toward up but I really think the first 2 scenarios are more likely to be accurate.
in conclusion I'd like to say, we are most likely facing a downtrend but the whole thing is still bullish, there has never been a bear market in crypto and all the downtrends were just some corrections, there is always ups and downs in financial market.
this is not a financial advice, you can hold your money or you can use this analysis to sell on pullback and enter on lower prices ( if ever happened ) or wait for 52k break to enter again.
But I repeat " THIS IS NOT A FINANCIAL ADVICE ", please be very careful these days.
Hopefully my work will help you guys a bit, wish you all great trades and profitable days.
please like and follow me on tradingview and other social medias, your support means the world to me.
Im open to your ideas let me know in the comment section below.
Good luck
Shiba Inu Running Out of Time... Rally Coming? Or Danger Ahead?!Shiba Inu token (SHIB-USD) has broken even lower as illustrated with the modified primary PURPLE pattern . While we pierced down below our 38.2% retrace mark 3 times now, there isn't anything particularly bullish happening. If that changes, we should start seeing impulsive behavior very soon.
However, there is now an alternate RED pattern , which has us already beginning a deeper C-wave much lower to complete a much lower wave II pullback. We're looking at as much as 62% downside! Because many altcoins have deceptive, unclear charts, I'm relying on BTC and ETH as an indicator on the overall crypto sector sentiment.
At this time, both BTC and ETH are taking an ominous turn, which has the RED alt pattern looking more and more likely each day. If those two display immediate signs of a crash, it is probably best to sell or at least unload part of your holdings in SHIB. If the ensuing crash occurs, you may have a much better BUY opportunity then. What will a crash setup look like in BTC? Check out my just-published chart on that! (We very likely have a 1st-wave down and should see a 2nd-wave corrective bounce upward soon...)
Check out my explainer vid on YT!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#shibainu #shibainucoin #shibatoken #cryptocurrency
BTC isn't out of the woods yet!BTC is still in it's downtrend that i've posted about twice now. This is a classic bull trap for consolidation and continued downtrend, this is a good thing though. I've entered long here on BTC expecting it to move upward slightly. I'll then enter short again, as it's always good to trade with the trend. BTC still has some falling to do before it reaches its next support level. Now I really hope it doesn't break that.
Cloudflare teaching moment. Meteoric rise = catastrophic dump.Hi everyone,
Today I would like to share a piece of knowledge on parabolic growth and poor market structures.
Let us take a look at NYSE:NET Cloudflare stock.
This was an attractive buy back in 2020. As always, nobody saw that until everyone started screaming about this stock on Twitter.
I saw an opportunity in investing into Cloudflare later in 2021 for a long-term.
I did not know what's coming.
At the beginning of October, after a decent sell-off something strange began happening.
Stock rose TWELVE days in a row. And not just stayed barely positive, it gained insane 68% in price during this short period.
Right there I knew this was not sustainable and price won't last up there for long.
Yes, I sold at 175 .
Yes, I missed a run up to 220 .
But, really, did I?
Noone can predict the top. But you can predict the inevitable downfall.
The Lesson.
Look at the chart.
You see the price in the first box going parabolicly up. The price took off to the moon and was hovering up in the air. Thus, poor structure has been created.
There is no single support level from 137 to 182 .
The Market hates poor weak structures and it tends to repair them sooner or later.
That is exactly what happened with Cloudflare stock.
Price has been flushed from 204 down to 123 as fast as it flew up there back in October. You can see that in the second box.
The structure has been repaired. A lot of data points were created in the process, which will help with the analysis in the future.
This might be a rebirth of Cloudflare stock constituting healthy future movement.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
🔥 Early Signs That Crypto Could Be Bullish SoonAround a week ago I made a post where I discussed how one can easily define whether crypto is bullish or bearish. Check it out if you haven't read the post yet.
As you can see on the chart, Bitcoin is still bearish. As long as we're below the dotted line, I'm very cautious and you should be too.
However, there's some light at the end of the tunnel. After a strong drop, there are always some front-runners who signal that better times are coming. Exactly the same happened during the summer crash, here it was AXS and SAND that made a huge bullish move before the rest. In September we had COTI and a couple of others.
Now, we have LUNA, AVAX, HBAR and HOT which are front-running the market and potentially signalling a bullish reversal soon. See charts below.
BTC Looking For A Possible Short Squeeze To HappenI know I've mentioned this many times now, but still... Either it happens from here, or maybe we have to grind a bit lower to shake retail investors and grab large orders between 42-45k area. In such situations price first moves up relatively fast into the capitulation area (54-58k), that presents a huge resistence right now, then it BTC continues to crash. It is also a low possibility, that we could just broke 42k from here and finish the crash then go into a retracement, but i highly doubt that. I still expect prices to fall into the 33-38k, depending on how laveraged BTC is or will get especially if we get that massive short squeeze. A lot of retail investors will get euphoric on the squeeze and will open over laveraged long positions right at the end of a squeeze. What comes next is a massive liquidation event largely because of over laveraged market.
I am not a financial advisor so non of this should be taken as a financial advise.
BINANCE:BTCUSDT
AMAZON DOT COM CRASH PATTERN CONFIRMED ON BTC MUST SEE CHART.Take a look at this bearish scenario for BTC the dot com crash of 2000 the chart looks identical to btc right now, are we going to have 833 days of a bearish BTC with a 91% market correction? This chart is food for thought yes there are many bullish scenarios out there right now. Yes you may say but that is a stock and this is crypto. It has the same market sentiment as crypto fear and greed. 95% of all coins are sh*t coins with next to zero chance of success this downtrend would in fact shake out all the rubbish coins and make the market much more relevant. Leave your thoughts in the comments hope you enjoyed my 5 minues.
ConocoPhillips had 6 crashes since 1974One of the simplest way to invest/trade Oil Companies is to study the Brent/WTI price movements because they are very correlated.
Every oil price crashes, oil companies will follow as well. Commodities is very volatile and for that comes an opportunity to profit.
In the last 50 years, every time the stock drops more than 50%, it follows by a rally. For this stock, it crashed 6 times in the last 50 years the stock crashed every 8 years however that average is skewed by a massive bull run on the stock from its recovery of 1985-86 crash until it reached its peak in 2008 (a whopping 2783% rally!!)
Before that massive ridiculous rally, the stock crashed on average every 4 years. In the most recent 3 crashes is within the last 13 years.. on average roughly, the stock crashed more or less every 4 years
The last two crashes were followed by a rally with an average of 180% bull run. Currently the stock is on a 274% bull run!
Actionable : It's hard to trade/invest in oil companies using the normal valuation method i.e DCF due to its tight correlation with oil prices. I let the price movemet of oil to decide for me if its time for me to buy this stock. Currently I am on the sideline and wait for a correction.
Brent Crash average every 4 years since 2008Since 2008 based on the charts, Brent crashed (75% fall from it's recent structural high & without 61.8% retracement on its way down) three times. On average Brent crashed from its recent high 75% every 4 years.
Each time of the crash, the price of the oil rallied at least 62%.
Actionable : when Brent falls & crashed again within the next 4-6 years, do not forget to be involved in its rally. Buy some oil company stocks or ETF
extra note : from each crashes, it all came after parabolic rally with average of +218% from its recent structural low. Currently price have rallied 383% from the recent structural low. I am not saying another crash will come soon, perhaps price will make 20-30% correction (reset the rally %) and makes it towards 2013 high or price starts to flatlined.. who knows. There is no need to predict the future.. just act when crash happen
Ethereum's Nested '1-2,i-ii' Surviving the Maelstrom...So Far!!Ethereum (ETHUSD) manages to uphold its bullish nested 1-2,i-ii setup along with Bitcoin despite the violent action over the past 2 weeks. For our wave-ii, I had support drawn in the 3300 region and as if it listened, Ethereum flash-crashed to 3315 and bounced right back up off it like a trampoline!
We have what looks like a clean 5-wave impulse since that crash and are very likely in the middle of a smaller-degree 2nd wave correction right now. Ethereum really SHOULD not break below 3519 if we are to maintain this setup as-is, but technically, the 3315 low continues to be our support. It would make for a very deep retrace, but an impulsive 1-2 is an impulsive 1-2 no matter how ugly!
As our targets have not changed with this pullback, subwave (iii) should get us to 8661-10,601 by around January-February of 2022. The subsequent subwave (iv) pullback will very likely be a sideways, multi-month affair as the rally cools and recharges for the next leg up. For that next leg up, the overall top for subwave (v) projects to 12k to 14.7k by Q2-2022! While these targets are significantly more optimistic than what I've had in previous updates, these are all very reasonable standard Elliott Wave Fibonacci Pinball targets overhead.
However, the 0.618 extension off the larger wave 3-4 structure is pointing us into the 18k to 19k range for a final 5th wave extension blow-off scenario! Not only is this common 0.618 target supportive of this, but due to the fractal nature of Elliott Waves, the 5th wave blow-offs we've seen at other degrees of the structure (going as high as the 2.618 extension of the 1-2 including the recent subwave (i) itself) also add fuel to the fire!
After this MAJOR top to his decade-long impulse wave, the ensuing bear market will likely be brutal and possibly last multiple years! For this reason, the top may be a great time to take profits and reallocate into other asset classes or even Stablecoins. Such a major Wave II could take ETH back down into the 1000's range convincing the general public that cryptos are dead and gone for good. But THAT will be an incredible buying opportunity for even more spectacular action in Ethereum in subsequent years. While BTC and ETH are in their major bear markets, I expect many altcoins to be completing their own powerful 3rd waves, which could generate outsized returns despite blood in the streets for BTC and ETH!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#ethereum #bitcoin #cryptocurrency #blockchain #crypto
Litecoin in Precarious Position! Ending Diagonal Setup in PlaceLitecoin (LTCUSD) broke its 1-2,i-ii setup with the crash over the past 2 weeks, but it fares better than ETC, BCH, FIL and EOS which all completely reset their 5th wave rallies with lows that fell lower than their midsummer lows.
Breaking the 140.03 support has invalidated the primary PURPLE pattern, so the new GREEN pattern is primary.
This pattern sees the entire 3-wave rally as the 1st wave of a large ending diagonal 5th wave. Why 3-wave ABC's? Because diagonals consist of 3-wave corrective structures within each subwave.
However, if the 104 major support is broken, the RED alt pattern becomes primary , and this sees the correction that began in May 2021 as continuing with a nasty final C-wave to complete our larger Wave 4 correction as far down as the 76-level! Yikes!
Ending diagonals don't project quite as high as an impulse and are full of undulation and whipsaw. That said, subwave (iii) projects to 514-601, and subwave (v) projects to 601-773. The blue boxes remain as higher projection targets as the Fibonacci major resistances overhead remain just as before. There is the potential for extensions into those boxes. Not only are ending diagonals choppy, but they often precede major crashes!
This pullback afterwards will likely coincide with a broader crypto market crash, which I expect to be especially nasty for BTC and ETH. But the gravity of those two major cryptos can easily pull altcoins down with LTC possibly dipping into the low-100s range over a period of several months or even years! For that reason, that top will likely be a great time to take profits and reallocate into other asset classes and Stablecoins or even simply enjoy your winnings and relax!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#litecoin #bitcoin #ethereum #cryptocurrency #blockchain