YFI Short signalThe bear market might have possibly began. The selling pressure is high and people have less hope in this market.
2nd point is that a break of this main support will confirm the head and shoulder and thus the trend reversal.
On my previous idea i had the idea of buying back at the main support. But for now, i switched my changed my mind because buying seems more risky with the current panic and fear going on.
I personally have a small short position set up at 19350 let's see how it goes.
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Crashingmarket
This is why BTC will drop to $3.000.doji pattern with low peak 2019 volume record bearish longterm trend
. 3 days prior to Xmas Day Selloff
. Bearish Cross on 3-Day ( only third time in BTC 's history, all previous ones set up a new midterm-6months bearish market with 50% losses )
. Bulls shorted at 7500 peak three days ago achieving 15% gains :dollar:
Only men blinded by pigheadedness wouldn't see the massive dump that it's comming.
Bitcoin: 8 Months later-Bitcoin is crashing slower than expected; (uncorrect time frame)
-Bear market might last longer than expected;
-Crucial support was crucial, Bitcoin rested above it and retested it way more than i would have expected;
-Once support broke Btc immediately dived, to form a bear flag around 5400;
-Then Btc went to the 3.500 and bounced;
-The time frame was not correct;
-The bear market effect makes me think that prices are possibly headed to lower targets (*prepares his crypto Stockholm syndrome*)
I have zero idea anymore to where it is headed too, but you can find possible supports on my previous ideas.
Original Idea:
[ETH-USD] CRASHING MORE! WILL ETHERIUM SURVIVE IN 2019 ?Etherium has been continously diving for a long time now in this bear market of 2018. It is no longer the preferred token/coin to hold for ICO's. Especially this entire year. Etherium use to be the holy grail next to Bitcoin. Now it seems it just has lost all the fame and respect many gave it just months ago. So the million dollar questions is will Etherium survive in 2019 ?
Leave your comments below, and don't forget to give me a like if you learned anything on this TA.
PS. This is not financial advice. You must perform your own TA and be responsible for your own actions when it comes to trading and
investing in the cryptocurrency market.
Thanks ,CrytoholicTraders
Bitcoin: Panic sell-off started, more quick downside to expectCongratulations if you are still using Tradingview and you are not in a market crash denial, and thank you for having supported my previous TA that might have sounded like a "Fud" or a "silly TA" for the crypto maniacs and youngsters in a bursting bubble denial, telling us Bitcoin was bottoming at 7.700$.
As you can see, Btc started its process of panic sell-off, market symptoms of an incoming panic were starting to be visible.
We should expect the market panic to continue and even to increase its speed of selling, this is what the odds favour in this part of the crashing market.
Of course there will be short squeezes, most certainly pretty soon, and bulls will slow down the crashing process from time to time but the downside seems not to be over at all.
Huge warning, Bitcoin completely dived below the 200 Smma (it dived much more and much faster than i even expected).
This is a signal that Bitcoin is definitely settled inside a bear market for good.
Last time Bitcoin went that much below the 200 Smma, was in Septembre 2014, when it started to settle in a bear market for painful years.
This 200 Smma is the lonely true basic indicator so far, that tells us the health state of Bitcoin (below= bear market, above= bull market)
Good luck to you, watch out with falling knives, and watch out with over bullish individuals that might be in a complete crash denial / or having interests trying to desperately slow down the crashing process.
Do not forget this market is just complete speculation yet, there is zero value behind any of these coins except what the other guy is willing to pay for the coin you sell him. The cost of mining is absolutely not an indication of the coin intrinsec value.
Take care a lot.