APPLETHIS ANALYSIS IS ONLY VAILABLE IF A GLOBAL MARKET CORRECTION OCCUR A BULLISH SCENARIO COULD ALSO OCCUR IN THE MID TO LONG THERM.
THIS IS ONLY A TECHNICAL ANALYSIS BASED ON ELIOT WAVE THEORIE! WE DO STILL SEE SOME BULLISH AHEAD OF US AT LEAST ON THE SHORT THERM.
WE DO SEE A CORRECTION OCCURING THIS YEAR, and since 5 wave find there tops, and the correction ahead of us no matter what bullish american famous investor says this gonna be a good year and then buying bitcoin as a safe heaven will happen on any bad news.
plus if we did reach the top risk to reward ratio would be 1:4.
i don't know about you but i do like those kind of setups.
also to note: we were bullish and got most of the big bull move this year that can be checked on our profile. if we turn bearish is because a market full of yolo traders and fomo traders is absolutely frodulant and not healthy.
the simple fact that a tweet from elon impact so much an no related company just show how dum the money in the market is currently
Crashingmarket
Possible Stock Market CrashNow this an interesting one,
Traditional Markets Closed last candle very bearish as shooting star and with selling pressure,
also we closed below the previous candles close, indicating more bearish momentum,
We also confirmed the 4 drive bearish RSI divergence, which is hefty
After the first bearish divergence we had on the monthly we crashed about 21.13%,
1 Year 1/3 later we had a third crash caused by corona and a 3 drive rsi divergence, which is about double as big from last crash
Now we confirmed a 4 drive rsi divergence, and the government initiating a second lockdown, aswell as the elections happening,
We very well could crash a third time and this time looking at the previous crashes, this would put us at 1720
Crash Happening?With many outlets warning of a crash this could push sentiment towards a bearish market.
COVID cases rising in Europe could indicate a similar fate for the U.S. The stimulus checks not coming as promised and an election that could change the monetary policy and increase taxes on the wealthy that influence the market. This could mean trouble with an eviction crisis coming soon too. The only thing I see getting us out of this is a massive distribution of a vaccine that works. People aren't trusting the idea of a rushed vaccine (wasn't that the plot of I AM LEGEND?)
Anyways based on this information, I'd like to submit my analysis of the SPXS which in the heat of the lockdowns rose 150%, and based on this information I will see price targets of 11.10-11.50 which is where I will start a trailing stop. Then I may consider the price 16.60-16.75 based on technical analysis and price action. The trailing stop may hit prior but either way, I will profit while the market tanks. I hope you do too
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.
Like and follow!
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.