PSA#1 - Early 🤕(Crashing Warnings) for day and swing traders.This is a head's up to anyone who is a day trader or swing trader and wondering when and if it's going to crash, let me say this now.
Please do me a favor and reframed from asking that cause I can't call it when the 4 hour chart is not at a peak high. This thing will kill your wallet in a day and take away over 30% or more of what you gained, but the best way for me to call it - is when it's at a peak high, no where else.
I get it, you want to turn a profit with a day trade, take my opinion I will be giving a lesson soon on - but don't day trade with crypto, it's to volatile and can rapidly change in mere moments, so day trading crypto in my opinion is a death trap for your money.
Swing trading however; has a better chance of making gains in this scenario.
I try to warn everyone one day ahead of the suspected 4 hour chart and day chart crash, giving you time to save yourself from loses, I'm not always on point but the best I can do is warn you, it is up to you if you want to take the risk of selling.
Once the day reach a peak high - it's coming down, I literally will warn everyone a day before - that drop is coming and there is hardly anything outside a whale or rally can do to stop it.
This thing creates panic selling issues which adds on to the problem and makes it drop even worse. But once it starts to recover those that sold either get back in before it grows to fast gaining more shares in return, or miss out and be stuck with a lost.
An even calling that can be hard to do when this 4 hour chart is rapidly crashing and a stopping point is just as hard to determine, you can over shoot the target for a rebuy or under shoot and take on loses with everyone else.
So remember when the Day is announced as having a peak high and I see red on the 4 hour chart peak - be ready to sell and don't buy back in for at least 1 full trading day or even 2 - it'll be none stop crashing even with support.
Anywho
Happy Trading everyone.
Crashing
BTC Will Probably Stay Boring For A While Before Retracement.As we have finally showing solid signs of bottoming, i would say that we have entered a wyckoff accumulation pattern at the lows. We've done something similar in 2015 and even in 2018, but it is looking more like '15. We are talking about completed crashing structure here, and not that we are just going to a new bull market here, at least not for BTC. With the Altcoins there could very well be a different story here, what i've already presented in a previous idea. Retracements usually reach to at least 0.5 / 0.618 fib. level., something what BTC still hasn't done yet. This always happens at some point. Best case scenario we could see prices to reach .702, even .786 (78.6% of the initial fall) which sits at 55k area, before turning back down again. This would trap a LOT of retail investors in, and this is something markets love to do.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
US30 Following 2008 Crash PatternI was watching the patterns in 2008 crash, and how it might translate into today's situation.
Although there are quite some differences between the 2 events. We are having a "war" at this point, and hoping it doesn't escalate.
Pray for peace in Ukraine.
That aside. I have the image of the 2008 Weekly candle chart pasted for easy reference against the present market candles. If you look up my previous ideas, I have mentioned the same.
In 2008, it was a head and shoulders, a break of the neckline, a re-test of the neckline and a further dive down.
In the current market, it is not as obvious, but we are making a lower low, on the weekly today (although there is about 6 hours left 'till market closes for the week).
As with a couple of weeks prior, a strong rejection bearish candle (1) led to a fall in 4 consecutive weeks.
2 weeks ago, we had a strong rally but held barely under the close of the strong rejection bearish candle (1) shown in orange highlights.
With a couple more hours before market closes, I do expect that current momentum holds the candle bearish.
Next week, we'll see how the market reacts. Should another bear candle follow, I would anticipate for price to reach lower into a key demand area around 33200.
Bitcoin: Death cross incoming, unless a miracle happensHi traders,
I did not make any update since the last TA i talked about the possibility of a 12h chart death cross incoming.
It seems to be closer and closer to happen.
How did Bitcoin react in 2014 after the first death cross: a value decrease followed by an important bull trap, then another death cross, that plunged the price of Btc under 500$ for almost 1 year.
I am not saying the same fate will happen, as the 2018 peak was not the same value.
But it is honnestly not the best sign ever.
If we have a bull trap after the death cross, this could be interesting.
But i really doubt about the possibility of such an important bull trap, as the 2018 crashing pattern is not the same structure at all than the 2014 pattern for many different reasons; it should logically be very unlikely to happen.
Good luck!