$12,000 Is Not Impossible!!In 2018 BTC fell 83% in 364 days from its peak. If we are to see a repeat of this then we could see BTC fall to around the $12,000 mark come November. Now here is why I think that this is a strong possibility.
If the US GDP reports come out worse than expected next week and at the end of July which will be the GDP Q2 Advanced estimate then this will trigger a recession. Investors will sell their, assets/stocks and buy USD which will make the USD even stronger.
BTC will drop in price as investors sell, the USD will get stronger as investors buy the dollar resulting in a bigger drop in the crypto market.
The market will take a couple of months to factor all this in. Come November 2022 we have the mid term US elections. If the Republicans win which they probably will (They are pro Crypto) then we will see the start of the next Bull run shortly after.
The weekly charts is the only timeframe I look at and the ADX is still showing a strong downward trend. For me, this is all that matters.
You don't need a page full of lines and drawings. The simpler you keep it, the more successful you will be.
On the 6th of December I predicted this to my brother after asking if the market was away to go parabolic as per the opinions of the Youtube scam artists Bitboy Crypto and Altcoin Daily.
Let me know your thoughts.
In the meantime have a great day!
Chris
Cruptocurrency
BTC - RSI Decision Time for BTCCritical point for BTC on the daily for the start of this week.
* RSI trend line, break to the upside (green arrow on the RSI); BTC holds local bottom support (20-30K region - green arrow on BTC price chart) and we might see a price rally to 40K (watch for the 200D SMA).
* RSI trend line, hold as resistance (green arrow on the RSI); BTC breaks support (20-30K region - green arrow on BTC price chart) and price may be on it's way down to the 200W SMA.
⁉️ WABIBTC Market analysis✅ Here I will look only for short entry as we are in a strong bearish market structure. The price rejected from the weekly bearish orderblock and I expect the price to take sell side liquidity and to look for a confluence on the retracement to enter the trade.
One of the followers ask me to make an analysis of this chart. If you want me to make some specific analysis, you can chat me in private.
STEPN (GMT) Hi there
How u doin fellas?
crypto spring and its 30X gems
lets talk about Stepn and lets see why they are moon project
STEPN is a Web3 lifestyle app with fun social elements and gamification design. Users equipped with NFT Sneakers – walk, jog or run outdoors to earn GST, which can be used to level up and mint new Sneakers. Player can choose to lease or sell their NFT Sneakers on the in-app Marketplace; users’ GST earnings are stored in the in-app Wallet, which has a built-in Swap function. STEPN is created by Find Satoshi Lab, an Australian-based fintech studio. The team won the 2021 Solana Ignition Hackathon Gaming Track and is part of DeFi Alliance Gaming cohort.
2 Billion mc is the next step
whats ur idea about GMT?
how much u made out of Gmt so far?
BTCUSDTHello Dear Traders,
I hope everyone is doing good,
i would like to share with you Bitcoin Trading Idea. Right now BTC trading around 40k i think BTC Will do some consilidation & then led down very sharp. you should open short upto 28k.
Short Call: 40k to 44k
Target: 28k to 25k
Long Call: 25k to 75k.
It's Last Leg Down before Wave 5 Move.
Thank you.
BTCUSDT 12hBTCUSDT 12H
I decided to update the idea, although it seems to me that everything is already very clearly visible on the chart, we are gradually approaching the main resistance in the 46k zone. My opinion hasn't changed. The first target I expect is 52k.
I'm in many positions, less than 30% of stables were bought in the 37-39k zone, the whole alt market began to revive, right?
Although 2 weeks ago it seemed to everyone that this was the end, as evidenced by -10% of the audience.
I think the task of MM is completed, he endured many ... And those who did not stock up will buy 50k+
The EOS trend has reversed, and investors are now aiming for $10EOS coin saw a reversal bounce back from the 2022 year’s low and has gained nearly 35% of its value since last week.
The EOS coin is observing a retracement phase today near the 100-day moving average in terms of the daily price chart.
On March 16, the EOS token showed a bullish signal by breaking above the 20-day EMA in the context of the daily price chart. So far, the crypto manages to move above the 20 and 50-EMA, but today the bears are looking aggressive near the 100-EMA (Yellow). The bulls need to push the coin price above this bullish barrier.
Stoch RSI is observing flat into the overbought territory in terms of the daily price chart, where the simple RSI turned its peak to the downside, and now it is at 65-mark. Both of the RSI may impact the bullish trend.
The Average Directional Index (ADX) is slowly moving up and is following an upward trendline, which indicates strength in momentum for the EOS coin.
A retracement phase exists after a sharp rise, where EOS bulls should wait for this pullback to end. Buyers above the 100 EMA line will turn aggressive.
Support level - $1.80 and $1.5
Resistance level - $3.0 and $5.5
Token Price Analysis: BAT saw a sharp rally of 27% this weekBasic Attention Token has regained around 27% of its value this week after consolidating into the demand zone.
The BAT token is observing above the 20 and 50-day moving average in terms of the daily price chart.
With reference to the daily price chart, the Supertrend indicator has given a bullish signal yesterday, buyers can take advantage of this bullish signal. Thus, Stoch RSI continues to rise and has moved into overbought territory. Furthermore, the Average Directional Index is suggesting strength in bullish momentum for the core Attention coin.
BAT investors are approaching the crucial $1.0 resistance level, where buyers may again face a retracement phase. The coin could shoot up once the bulls successfully maintain the price above $1.0.
Resistance level- $0.95 and $1.4
Support level- $0.60 and $0.40
QNT investors getting troubled in a consolidation chart pattern Quant token has been trading into the symmetrical triangle pattern for more than 5-weeks.
QNT token price is trading below the significant moving averages (including 20,50,100, and 200 MAs) over the daily price chart.
Stoch RSI is reflecting a low-high formation on the daily price chart and the indicator is about to move into an overbought area. When writing, the value of K is at the 15-digit and the value of D is at the 29-digit. Stoch RSI may spend some time near its lowest level before bounce-back.
The Average Directional Index (ADX) is gradually declining, so the ADX peak is at 9-point, which suggests excessive sideways momentum for the QNT token.
The Quant token is looking sideways and there is no directional trend as long as the price is present in a symmetrical triangle pattern. Possibly the token breaks above the lower trend line of the triangle pattern.
Support level - $100 and $85
Resistance level - $160 and $200
XPRUSDT: long up to 0.916, good opportunityWe see that accumulation is finished and the inner triangle pattern is broken up. Now we expect the price to reach a resistance level, which at the moment may be also resistant of the bigger triangle pattern (please, check the link to the related idea ). This will be our T1 (0.9165).
Link to the related idea:
ON RSI we have only one touch of the upper level of 70%. And now we expect the second movement to reach really overbought conditions in the market. For reference, you can check the previous RSI peaks and compare them with the price chart.
On candles, we see long bottom wicks, which indicates support and bulls strength and willingness to push prices up.
NOTE FROM THE TEAM: We are from Ukraine and we support Ukraine and democracy. We are against war and terrorism in our world.
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CVX price attempts to break the 0.618 level of Fib retracement The Convex Finance Token price is trading near the lowest level ever at $16.10.
The Convex finance price is moving towards the half-line of Bollinger Bands indicator in terms of the daily price chart.
The daily CVX token price is trading below the half-line of Bollinger bands indicator in terms of the daily price chart.
According to Fib retracement, the CVX investors are gathering the value to jump above the $21.50 (0.618-level of Fib). Above the following level, buyers may again face a pullback near $30-crucial resistance.
The Stoch RSI is signaling the soft bullish indication for the Convex Finance token where the k is at 67-mark, and the D is at 46-mark, and the indicator broke the falling trendline (green). Moreover, the EMA Ribbon reflects the extreme bearish indication for the short-term period.
Convex Finance Token appears to be in a retracement phase. If the bulls breach the $21.5 bull market barrier with a significant amount of market volume, we can expect the bulls to move towards $30. If the bulls fail to sustain the price, they could end up in a bloodbath.
Support level - $15 and $10
Resistance level - $23 and $30
Uptrend still intact.This is a chart of the total crypto market cap on the monthly. It's clear to see we are still in an up trend, but will it hold?
The entire market is showing a bearish divergence on the RSI but we have previously had a strong bounce off off this level. If the market does a similar thing this time we should be in for a strong bounce up.
The question remaining is will it make new highs or rollover and go lower? Stay tuned to find out. If the monthly RSI can break through the resistance at about 76 then I believe we will.
Lets keep an eye on it and see the close for February, then the next couple months and see where we are in April. At that point there will be more information for us to asses going forward.
* Never buy and sell assets according to the news*
BTC outlook for 11 Feb 2022. With the end of the week in mind it would be ideal to see BTC respect support at 42650.
It made a good rejection from the wicks to the left (42650 level on the daily timeframe), if BTC closes above support today I believe we will see bullish continuation towards previous resistance at the 44400 level.
Antusdt: Retracement timeHello traders!
I am expecting some retracement in Antusdt. It's near the support area. It will most probably reverse after the breakout of this support.
The entry price is 7.2
Stoploss is at 7.06 which is -1.8%.
Target is at 7.7 which is +7% profit.
Suggested leverage is 10x.
Please do appreciate my trades with your likes and hit the follow button to stay connected.
Monero In PuzzleMonero in Puzzle of Ending Diagonal and Leading Diagonal!
Monero can be 1000$
First Level to buy 120$ And Secound Level is 290$
Forecast Basically on Elliott waves Principles
Link/usdt looking goodLinkusdt signal is making good symmetrical triangle. And its going to breakout soon. BTC.D is falling and its a strong chance that Link will go bullish. Once it breaks out you can take entry.
We will update you on breakout and once Link completes its retest after breakout then you guys can take entry. Market majorly depends on the BTC price action.