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Crashpattern

Today's vertical uprise has been neglected, BTC road to 6K !!!!!After a pump from 7100 to 7900, price has been dropping, right now price is 7150, if 7100 is broken, which is most probably scenario, then 6k will be displayed for a few days. As previously discussed, 200EMA is so far away, minning costs for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an average 6months according to previous halvings. On the other hand, most of indicators show up strong SELL signals. There's a huge descending triangle which has been forming when BTC hit 14k 5 months ago, this retracement was expectable. Furthermore, there's an special interest for whales about stretching out the bottom (3k?) in order to make bigger gains in late 2020. In other words, probably BTC will drop to 6k in the following day/s and if that happens, we can talk freely about 5k for mid December.
COINBASE:BTCUSDShort
by diversionlulu
THE FOOLS RUSHED WHERE ANGELS FEARED TO TREAD!!Well, well - 'everybody' (except me), is rushing madly bullish on the DJI, as there is now a 99% expectation that the Federal Reserve is gonna make not one but three interest rate cuts over the next 18 months. This post is relevant to risk management and trading psychology . The hard evidence is that rate cuts in the similar economic circumstances are followed by recessions. Don't believe me. See it for yourself at the Federal Reserve ! For an annotated version see here . I can find no hard data that leads me to believe that the US Economy with its $22 Trillion exponentially rising debt , is healthy. There is nothing in the fundamental data that would account for the sort of charge north we saw in the last week. The leap north is simply about greed and hope, that the FED will save the markets - which is not their business. Central Banks in India and Australia have already cut interest rates. For India the markets went south in response, for complex reasons that may not relate to the DJI. The Aussies are indecisive at this point. Now we have Draghi in Europe contemplating rate cuts. A fresh round of money printing (aka quantitative easing) is likely to happen. Look, all this stuff is like paddling hard in a canoe against a tsunami. The IMF warned us about the approaching financial tsunami. Instead our leaders worsened the situation by protectionist trade measures. This is what people do: when your life is under threat, you panic and protect your own - instead of cooperating. So - nothing surprising. All the protectionism is a signal to me that something big is coming. Looking ahead, if a collapse happens (and I'm not predicting), I expect Gold, Platinum, and Cryptos to rocket north. For forex, I expect all /JPY pairs to head south. AUD and NZD pairs tend to move south but the correlation is far from perfect. DISCLAIMER : This educational post is speculative. Opinions expressed here are not intended as 'advice ' even if so construed. DYOR! Your decisions in the markets are your own. If you make decisions based on this post and you lose money, you are totally responsible for your losses.
OANDA:US30USDEducation
by Captain_Walker
SPX DownTrend to Correction OR Crash; Oil/Gold Divergence!Looks like a crash setup. Powerful bearish divergence in oil - dropping while gold rockets. Last seen this divergence in 2000, 2008 just weeks before the crashes. Probably not a good idea to sell puts short right now... Fool's rally going for a day or two; if we see a pinbar that would be identical confirmation pattern we saw in Aug 2008. Rally could get as high as 26200 Dow, near 2880 SPX; or just get rejected from the down channel TL. Getting long in here is pretty risky. Scalp if you dare! GLTA! MW Article: www.marketwatch.com The Chart of Divergence: ei.marketwatch.com
SP:SPXShort
by DaddySawbucks
3
The Great "FOMO" DEPRESSION - When to sell BITCOIN & buy STOCKSHi, i zoomed out as far as i could (Dow Jones, logarithmic Chart) My assumption is based on the believe of an historic trend channel. At first, some Events, to put things into perspective: The "Great depression" of 1929 - 1930 had Around 88 % Correction from Top to bottom. Bretton Woods: 1971, the USA rendering the dollar a fiat currency Lehman Brothers Collapse, Small Crash of 2008 Around 50 % Correction from Top to Bottom. The Top of BTC will correlate with the bottom of the Stock Market. (Tripple Bottom in the end of 2020) The Crash of 2019 - End of 2020. Around 70 % Correction from Top to bottom. Liquidity Crisis, Trade War & the Rise of Bitcoin. BTC acting as a non-correlating asset due to decreasing global liquidity, + the BTC halvening May 2020. XRP value will also increase & flood payment corridors with needed liquidity. (Nostro Accounts no longer needed) Nostro Accounts are needed, if a Bank uses the Swift System to transfer money international. In this Accounts is a lot money "Frozen" for settlement.
TVC:DJI
by gsdgeweg
2
Short Term Mean Reversion! Bullish Break for BTC?"Oversold" is a condition weighted by the volatility of the previous defined range. With a very tight trading range an oversold condition will appear significantly MORE oversold than as defined by a longer period. During this most recent drop, it's likely you've read dozens of Bitcoin predictions telling you to buy the dip, this is another one of those posts (but I hope with clearer logic as to why it's a good idea this time.) When the bellcurve surrounding price action becomes too wide, it requires more force to continue expanding it. The more mass something has, the harder it is to push. Currently, the "mass" surrounding bitcoin is massive, though that doesn't mean much until a condition is met. It's when the bellcurve around price to starts to compress that you can make accurate predictions. There are only two conditions in the market, trending and not trending. For the 4h chart's 200 period we are defined as "not trending." When an overexpanded bellcurve starts to compress price is driven to the center of the data. Currently for bitcoin that price target is 4,600. Withe the rolling up of the 20 period CCI, it provides solid entry into a solid condition. This trade has an excellent profit ratio. Your target should be the 4h 200 MA. Your stop loss should be a local low. If you're interested in learning more about the concept of "mass" in the markets, check the links in the signature of this post. Trading is a high risk endeavor and you should always do your own research.
BITFINEX:BTCUSDLong
by DadShark
Time to be realistic about BitcoinGood Morning?? Not if you're holding Bitcoin. Bitcoin is in territory it hasn't seen in more than a year, in all of 2018, and a lot of people are losing a lot of money today, again. Calling Bitcoin the flagship Crypto may not really be the proper thing anymore, as that implies that the whole market behaves this way , implies that if Bitcoin is going down , so will the rest. I have tried to plot a possible trajectory on a 4 hour chart, but suspect that as I write this it will no longer be valid as it is in literal free fall. I have washed my hands of it. Writers have been touting opportunities to buy in at a lower price. Why? So as to lose more money?? Even if you do account for price movement, you are paying exchange fee's in all likelihood over and over gain as you reposition yourself to a safer part of the titanic. The band might still be playing, but the stern is no safer than the bow. While other crypto's saw losses last night , for many , including XRP , they are hardly historic. For Bitcoin it is. Do you work?? Have a fixed amount of money?? Fixed income?? Tired of Bitcoin yet?? I'm angry , mainly at myself , for buying snake oil - for trading snake oil in narrow , ever descending channels and wasting money. I have said it before and I will say it now, that I believe the bitcoin game is rigged. But now we have a new set of problems. Mining Bitcoin was already a money shedding process at 6.5k, certainly at 5.5k , we seem to be around 5k now, who is going to mine for that?? Halving will happen. Who's going to mine that?? Why?? Where is Mike Novogratz?? Where are the others that have fed you blatant speculation about historic highs by the end of the year?? Probably on a beach , sipping mojitos , wearing a hat and trying to be non - descript. I stopped buying into that long ago , but I thought Bitcoin would rebound eventually. Maybe it will , but to where?? A new, lower high?? Let's break out the marching band for that one. Again, who is going to mine that? No mining - no commerce. I believed Bitcoin was the future of money. I still believe in digital currency being the future of money, but in the end I believe history will take note of an argument over the BCH fork , childish behavior by Craig Wright , and possibly illegal if not malicious behavior by sharkpool. What Bitcoin really needed was a hash war now. Do you think Banks will approve an ETF for bitcoin with such things going on? Nobody can take their computers and physically destroy gold , palladium etc. ; if people attempted that with stocks they would go to prison , but in the crypto world of Bitcoin and it's derivatives this goes unchecked. Apparently sharkpool does not realize that the currencies they plan to take down involve diverting hash power FROM bitcoin , attacking cryptos coupled WITH bitcoin , and Craig Wright is one of those people whom if embarrassed seems to be willing to burn it all down. What in the world?? If THIS is NECESSARY for Bitcoin to grow , then I'm a leprechaun. Institutions will flee from this sinking ship. Price manipulation will become the subject of investigations and prosecution will ensue if this is corporate manipulation. Regulators have been coming out of the woodwork. No wonder India wants it banned. My advice, convert to ripple , you will lose less money than if you sell it for u.s.d.. Ripple is down , but I think we all know by now that it behaves differently, and is becoming favored. Caveat emptor. **If you feel like hurting yourself, got too far in, please call suicide prevention at 1-800-273-8255**
BITSTAMP:BTCUSDLong
by Cryptocautious
BTCUSD - Modeling 29 June as pivot point for BTC recoveryBTCUSD - Was 29 June the pivot point for the future of BTC? This was my procrastination project for the day in between working. 29 June may have been the turn-around for recovery in the BTC 2018 crash. What we see since then is a consistent rejection of what appeared to be an establishing downward LL trendline. While the 14 Aug HL may have been an anomaly, the 08 Sep HL appears to be a confirmation of the changing low trendline. The tightening market led to some minor confirmations, but I am not personally convinced of an incoming bull market unless BTC can recover from (approx) $6000. At the moment, this chart is not making any claims to incoming markets. All indications I have are that it is totally unpredictable what is going to happen come the end of the squeeze and volume likely returns. Today's breakout above the 05 Sep to 22 Sep high trendline possibly is a minor sign of a coming bull market. It remains to be seen if the 24 July to 05 Sep high trendline can be broken, and most tellingly, the 5 March to 24 July high trendline.
BITFINEX:BTCUSD
by CuriousKryk