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Downtrend

Is BTC still heading to the baseline support?I still think BTC is heading to the baseline support around 12k, I am talking about further down from here below capitulation, moving further into desperation territory, followed by a long consolidation period. Why? because the downtrend haven't changed yet, together with equities cryptos are in a bear trend IMO. Bearish points: The 50ma has just crossed above the 200ma, RSI also showing contraction in overbought territory. The speed of the downfall has changed, but not the direction IMO. Watch out.
COINBASE:BTCUSDShort
by Allenvik
US30 Price Action and Weekly Market Structure - Short ObservedObserving US30 on the weekly chart we can see the bigger picture. In the chart we can see that price has been in an overall downtrend since leaving the top level marked. Price is currently indecisive at our most recent lower low/supply zone. Although we have been bouncing around going in no particular direction, we still see signs of rejection to the upside. Considering we are in an overall downtrend, currently rejecting to break the previous lower low, several major bearish rejections, a few pinbars, I will be holding a short position to the next major level.
U
by JohnnyB61887
NFA!! ETH Resulting downtrendThe technical analysis of Ethereum (ETH) suggests a potential downtrend in the near future. The stochastic indicator, which is used to identify overbought and oversold conditions in the market, has shown that the market is currently overbought. This means that the price of ETH has risen significantly and may soon experience a correction. In addition to the stochastic indicator, the Relative Strength Index (RSI) is also below the middle line, indicating that the recent price movements have been bearish. The RSI measures the strength of the current price trend and is used to identify potential trend reversals. Finally, the Moving Average Convergence Divergence (MACD) indicator is also signaling a potential downtrend. The MACD lines have crossed and the signal line is now above the MACD line, which is a bearish signal. This indicates that the trend is shifting from bullish to bearish and may result in a price decrease for ETH in the near future. Based on these technical indicators, it is recommended to exercise caution when trading ETH and to consider shorting the market if the downtrend is confirmed.
Short
by ilkata872
spy inverse H&S neckline & down trend break.. at the same timeinverse H&S. this is for fun guys. first touch the down trend line (could be like the santa claus rally) then pull back start of year. then completing the inverse H&S bounce again and breaking the neckline and the down trend line at the same time.. that would be some cool technical TA if that actually played out. this is just for fun. i could see some of this actually happening in a way. probably not that perfectly, and not if inflation or war stuff comes out. any way cheers edit the yellow oval is where we are now. (time of post) again this is for fun and just wanna have it archived incase it plays out i can flex on..no one cuz i haz no friends. lmao enjoy your weekend and stop reading this. hit the like if you liked or enjoyed it in some way. happy weekend.
AMEX:SPY
by Jbridgez
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