LUNA short entry in falling marketLUNA - A project that I actually quite like is showing a good entry for a short position here. It failed to break out of it's downtrend today after the rally caused by a rising BTC. If this follows the same as others coins like FTM/AVAX/BTC/ETH, it will continue it's downtrend until it reaches trending upward support.
Entered short here at 75.
Going short on crypto is dangerous. Do not play with too much leverage and always have a stop in place so your account isn't wiped. I play both long and short. But there is no point shouting at the market for going down, when you could be making money on the way down, then have a bigger account for the way up. Good traders go long and short.
Crash
Predicting and Confirming Real Market Crashes on the S&P 500The holy grail of stock investing , IMO, is predicting and or even confirming a market crash, a trend change from bullish to bearish that's going to last for an extended period of time. I'm defining a 'market crash' as a trend change from bullish to bearish or bearish to bullish.
How do we know when a pullback or correction is just that and when it's the start of a long term bear market?
I'm old enough to vividly remember and having been impacted financially by the crashes and bear markets of approximately 2000 and 2008. So I became obsessed with creating an indicator that could weed out pullbacks, fake outs, and minor corrections and confirm a real bear market. Here's my best effort after years of work.
The arrows on the chart would have appeared when the candle they are above closed. I'm using a 91D candle for starters. This gives the best results. And several other proprietary methods under the hood of my indicator. However, you can see that it over the last 40 years, only indicated two bear markets....and both correctly. For the S&P 500 to confirm another bear market, major trend reversal, it will need to drop under the red dotted line for an extended period of time...then you'll know it's likely headed further down.
Curious what other think and how you determine if the stock market is at the beginning of a real trend change.
Ethereum 15 minutes selling oppertunity for weekly closeMy previous 15 minutes Ethereum sell entry was perfectly played out.This is another entry for weekly close.
Stop loss moved to breakeven for previous sell entry and partials taken.
This is 1:4 Risk to Reward trade.Close with full volume,because my previous sell entries are still running.
Bitcoin in the NO MAN's LANDHistorical data shows that bitcoin is currently at a critical zone. The green line is the level which has previously acted as a "resistance becoming support".
So far, the price has bounced off of that level, although the last candle does not signal a reversal of current downfall. Therefore, the conservative approach is to assume that the price will follow the current downtrend, unless corroborating evidence of support at this level appears later.
Weekends are bad for crypto, and I hate Sundays ;)
I am not a financial advisor, and this is not financial advice.
Repeat of the 2000 dot-com bubble? Some dubious speculation...I took the bar pattern of the 2000 bubble pop and subsequent bear market and copied it to the present day to see what it would look like.
I did adjust the shape a little to make the H&S look more symmetrical, just like the H&S in 2000.
You can see it fits rather well.
- The RSI is topping and expected to trend lower.
- The bottom of the breakdown lines up with the market top in 2000 and 2008.
- It bottoms at the lower support of the megaphone pattern.
- Finally, the length of the move is proportional to the one in 2000.
Despite how 'perfectly' it all fits, extrapolating 2 years out to find the bottom is dubious speculation. It goes without saying, but it most likely will not go down like this.
Disclaimer: I am not bearish nor am I bullish. I don't hold a macro outlook. I simply react to what the market tells me. This was just a fun hypothetical.
THIS IS NOT A DIP - Bitcoin, EtherumFor weeks we have had warnings in price action that Bitcoin was entering a bearish phase. Articles, charts, and opinions that offer CONFIRMATION BIAS that the bull trend is just "having a dip" rise to the top because people read and share what they want to hear. I am not trying to prevent people from becoming crypto millionaires. I am trying to warn people against drawdowns, get them to reject the confirmation bias, and trade wisely!
Why is this happening? I've been talking for the last month about interest rate fears as the evidence was in the daily price action. NOW the financial media this week has picked it up as a talking point.
We'll talk more about this during today's Livestream, every Friday at 4pm Eastern.
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.
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.