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Dip

BTC ready for last wave up? Wait for the dip to enterSo BTC has been performing very well and remained strong last week despite stock market downside. Currently BTC invalidated dead cat bounce theory and the higher probability is now running to ATHs. So far the price range is a bit extended, it would be ideal scenario to wait for the dip into 50-45k with invalidation close below 45k for better risk reward scenario. In trending markets usually its hard to get a perfect dip or position so the buy area is a bit wider than usual because of expected frontrun. At this moment funding rates are rising, meaning people coming back to aping into leverage trading therefore we could see some leverage flushes again so be careful using leverage.
Long
by TRDr11
2
Black Swan - Tinfoil Hat PlayWith the synchronized outages of social media platforms Facebook, Instagram, Whatsapp, & Twitter ... so far ... conspiracists have been saying for sometime to expect a national/global cyber attack that could create some sort of internet blackout. If this happens, I'd expect Bitcoin to crash to the predictive 1.5 fib that sits around 27.6k . Then the whales have filled up their bags giving the greenlight for a supercycle. I've deleveraged - I'm not expecting this to happen, but leverage isn't something I'd want to play around with when this social media outage could create a scare/flashcrash.
INDEX:BTCUSD
by Ungovernable
5
Another dip? Read this short summary of the marketAs mentioned in my previous post on BTCUSD, my final support level is on 41K ish... and it has proven to be so.. Even though it wick below a couples of time and close 1 time (4h) below it, it still manage to rise and close above it.. Looking at today's rally, if BTC cant consolidate above 43K, a test to the 0.5 and 0.618 fib level may be in play (The box) Looking at the current situation and dates, I think 41K and 42K might be the bottom (Candle close, not wick).. October is known for it bullish rally, so let's see how BTC will play then... Summary: Best case scenario: Bottom is in.. Medium case scenario: The bottom is not in.. and its now only a relief rally... Bottom then would be in 38K-ish according to previous fractal pattern... Worst case scenario (doubt will happen): Dip below 37K and testing previous low in 30k-ish... For now I am kinda 60-40 for best and medium case respectively... The worst case is kinda out of the picture considering current news, crypto implementation, and the month we currently in. And as always, this is not a financial advise... Comment what you think below
BITSTAMP:BTCUSD
by ZombieGod11
3
Market Crash? How about asking instead - what should I do? People sometimes get lucky or for whatever reason spends months or years trading with no defined system. When we get volatility like today all of a sudden they panic and can sometimes find themselves liquidating positions they may have built over months or which they may have entered yesterday. While this might be the appropriate reaction, the more important approach is to ask yourself what you should do based on your personalised system to trade the market - the system that gives you a trading edge. In this video I will explain to you the perspective one might take and even a specific example one could use to approach a day like today.
TVC:NDQ
by lemonaddy8
2
$SPY I Don't Think It's Done Yet 📉💩!There is a possibility we can see another dip on the $SPY today. We are coming out of a head and shoulders pattern I think many of us totally missed because of greed and feeling like this massive uptrend would never end. Well now it's time to focus and pay attention. What I didn't touch on in the video were the Fib levels or the neckline breakout and TP because I happen t add it after the video was done so just check it out it speaks for itself. In my opinion the market is about to see some upside until about November after this dip and then we should like Red Fox see "The Big One!"... Oh I think we may be coming too, Elizabeth! *** Just to add the possibility for the $SPY to reach back to the $460s in a big push before the huge dump isn't far a possibility either so look for some huge increases in your portfolios if you bought on the dips because the whales know whats coming so why not pump the market one last time to make some great gains then pull the rug? Just something to think about. ***
AMEX:SPYShort
by Riskitpaid
ETH WEEKLYDip came much faster and quicker than most expected. but it was well needed to finally break through the ATH which will happen. Keeping things simple, ETH still has room to move downward, Ill look for the 1500 level for bottom... there is lots of fear in the markets. but one things is not dropping, the crypto holdings of investment institutions. This dip seemed to be catapulted by the whales in the game deciding now is the right time to dump the market and get better positions in these assets. This recovery could be slow but it can also shoot back like a bullet so watch out, most the volume on exchanges is still locked in stable usd, dai, or similar assets, so you can assume people are ready to jump back in in any second. BE ready. Comment your ETH bottom!
Long
by MarketMastermindsGroup
4