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Downtrend

BTC at Risk - Death Cross Signals Potential Drop!Welcome to another analysis, where I dive into the latest developments with BTC and explore the potential paths ahead. I'm becoming increasingly bearish on BTC following the confirmation of a "Death Cross," where the 20- and 50-day moving averages have crossed below the 200-day moving average. This pattern is often seen as a strong indicator of a bearish reversal and the start of a new downward trend. Historically, when we experienced a "Death Cross" in January 2022, BTC dropped from $50,000 to $15,000 per coin. While there have been instances where BTC recovered after a Death Cross, given the current pattern of lower highs and lower lows, coupled with the ongoing uncertainty and volatility in the stock market, I believe the bearish scenario is the most likely outcome. Although I'm long-term bullish on BTC, it might be time for the cryptocurrency to take a breather, potentially allowing altcoins to take the spotlight! Be sure to follow for more updates like this! I also post daily on X: @PuppyNakamoto. Thanks for reading, and good luck with your trading! BITFINEX:BTCUSD KRAKEN:BTCUSD BINANCE:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD BINANCE:BTCUSDT
BITSTAMP:BTCUSDShort
by WOLFofBlockStreet
9
Is the crash here?Throughout all of social media and YouTube I've been seeing many people panicking if weather or not we have topped and should start selling. One thing that I've learned predicting mayor world events is to: always play it on the safe side when dealing with uncertainty. Instead of shorting the market, I prefer reducing my exposure, as short trades are extremely risky, and I've personally learned that the hard way. It is true that price action is now at an infliction point. With a vast amount of stocks entering a downtrend in such a harsh manner. It is not hard to see why everyone is panicking. Do I think this is the crash we've been waiting for? Perhaps it is, but I can't tell with certainty because even tough price is over extended, it does have a lot of structure supporting it. The reason we are at an infliction point is due to the price action reaching the 25MA which many times is used as support or resistance and going below this threshold would for sure confirm a downtrend and with my Mean Returns indicator the story is the same. We are seeing a loss in momentum after having a very bullish push in the last years. With all the recent news in the U.S. election, it is fascinating to see the market react to these mayor events. These do change the scope of how the market should behave, as a lot of uncertainty has just been introduced to the U.S. population in general. This lack of knowing what the future hold in store is what I believe to be the driving force of this recent downtrend. Combined with increasingly worsening economic fundamentals is what will give us the crash we are waiting for. But before making a decision on how to trade, it's important to consider all possible outcomes. Which is exactly what you can see in the graph. Where I've marked what different price action would mean to the economy and the market in general, as well as setting a trading plan for all of these outcomes. This type of panicking is what leads me away from using stop losses. People panic and push prices violently. However, many times the analysis was correct from the start but hitting a stop loss gets you to close your position prematurely. That's why I define several entry levels and dollar cost average since the beginning. Using an equation to determine how much should I invest, at which levels to determine the correct amount of exposure to avoid missing out and to always have a favorable average price.
CME_MINI:ES1!
by DarkMessiah777
8.3.2024 Platinum Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading. We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it.. Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
NYMEX:PL1!
by MoneyDuck_Butch
1
USDCHF 1H Chart: Rebound might halt as Downtrend Trendline near.Current Situation: The USDCHF is exhibiting a downtrend on the hourly chart. Recently, the pair has rebounded and is now approaching a critical area where the downtrend trendline intersects with the resistance level at 0.88800. This confluence of resistance factors could present a strong selling force, potentially halting the current rebound. Technical Analysis: 1. Downtrend Trendline 2. Resistance Level 0.88800 Fundamental Analysis: 1. Upcoming US FOMC Meeting: The US Federal Open Market Committee (FOMC) meeting is imminent. While a rate cut is not widely expected, the tone of the speech—whether dovish or hawkish—could significantly impact the USDCHF pair. 2. Market Concerns: - Dovish Tone: If the FOMC's communication suggests a dovish stance, indicating potential rate cuts in the future, the USD could weaken & cause USDCHF to drop. - Hawkish Tone: Conversely, if the FOMC adopts a hawkish tone, indicating a preference for maintaining rates, the USD could strengthen. Conclusion: Traders should closely monitor the USDCHF as it approaches the critical resistance zone around 0.88800. The combination of the downtrend trendline and the horizontal resistance level presents a significant hurdle for the pair. Additionally, the upcoming FOMC meeting adds an element of uncertainty, with the potential for market-moving announcements. The prudent approach would be to look for signs of rejection at the resistance zone for potential short positions, while also being prepared for a breakout scenario should the FOMC deliver unexpected news.
Short
by ThinkMarkets
DJT falls on stratospheric valuations SHORTDJT, the Trump media company, had a massive run up after the DWAC merger only to fade and fall with the SEC filing showing minimalistic revenue and negative earnings. It moved up in meme fashion but is now falling as fundamentals come to light. In five months the namesake will be able to sell if there is any remaining value. In the meanwhile, the board will likely refuse an early sell permission because that would like cause a " long squeeze". DJT is a good short right now no matter the locate and carry fees which are very high. I was long DWAC and am now short DJT using the profits from the merger volatility. Selling volumes are rising showing the longs are beginning to get squeezed. The relative trend indicator shows a strong move down.
NASDAQ:DJTShort
by AwesomeAvani
7
Down Trend continuation on XAUUSD - NOT A TRADE IDEAThis is my idea on the market currently , had a losing trade this morning, then hope in on a 1:3 RR trade that went smooth, and as we are confirming the downtrend continuation we can trend the correction and then go into the continuation from the last FVG on 5min. I am not taking these trades marked but I want to check if the strategy is working outside of the time frame usually trading on, then let's market up and see how does the market react tho the following key levels First Key Level was 2454.358 area we saw a good reaction from that Leve Next Key Leve is 2459.921 area, let's see if it will be touched and if so , market will move into the downtrend direction. this is my POV on the market 18/7/2024 PS : going today with a +1% , while still on a 2.7% drowdown :D
OANDA:XAUUSDShort
by boomland0
Boring Stock, Getting Close to a Potential Long-Term BreakoutWaiting for a monthly close above the 8-year downtrend line to get in. The chart is pretty messy but many other signals are converging around that area (200-month EMA, 50-month EMA, .382 Fib). Price had a false breakout early in the downtrend based on the trendline I drew but I drew it where it is because it had many hits along this line. If price breaks out here I think it's significant because it would also be breaking above the 200-month EMA after dipping below temporarily (which it hadn't done for a really long time). I'm waiting for a monthly close above the 200-month EMA to start a position, and will plan on adding more if it can get about the 50-month EMA. I don't have a stop loss, this is a long-term buy and hold and collect the dividends if it can breakout. If it has a false breakout and goes down, I'll just buy up more at certain intervals and will update this idea. I think from looking at this chart and reading/listening to some of the other ideas about this stock that it can surpass the highs it made about 8 years ago and my price target is $270-$300 where I would start to think about using a stop loss and protecting profit. I like using stop losses eventually because it can let a stock potentially run rather than just selling when it hits the target. Anyway, waiting for another week to make a decision. If price ends up failing here, I think I will probably be able to get in down around $100 or maybe even a bit lower and I would consider starting a position there but I like buying on breakouts rather than trying to catch a "falling knife". One more thing on this stock, it hasn't participated much in the market recovery since the March lows from the covid panic selloff and that makes me like it also (just look at a long-term chart of Microsoft after the tech bubble, for a long time it pretty much traded sideways and now look at it, I'm not saying IBM will do the same but it could, I'm not one to limit the potential of the stock market long-term, over long periods of time it goes up on average). **These are just notes about what I am personally considering doing and are not recommendations to trade. If you decide to follow any of this, trade at your own risk and keep a long-term perspective, I'm talking this trade could take the better part of a decade to play out (not weeks or months, that would be a short-term trade which is usually not for me).**
NYSE:IBMLong
by PatientContrarian
3
REZUSDT | CONTINUATION DOWN?Asia session insights: Are we heading lower? The stage is set for a potential sell-off, and REZUSDT could be in the spotlight. Market Context Bitcoin is still trading in a downtrend, and even a small downward movement could trigger a larger sell-off in the altcoin market. Let’s see if REZUSDT will follow suit. Bearish Signals • BTC Downtrend: Bitcoin continues its downward trajectory, putting pressure on the entire crypto market. • Asia Session: Historically, the Asia trading session can see significant movements. If BTC drops, it could accelerate sell-offs in altcoins like REZUSDT. • Price Action: The recent price action in REZUSDT shows weakness, with lower highs and a potential breakdown from current levels. Strategy Given the current market conditions and the bearish signals, I’m betting on a downward continuation for REZUSDT. Let’s capitalize on this potential move. Action Plan Going short on REZUSDT, targeting a continuation of the downward movement. Are we going to see a further drop during the Asia session? Let’s find out! 🚀💥 Good luck, everyone!
Short
by minno91
Well This Isn't A Good Look For BitcoinIt's been a hard couple of weeks in the crypto markets, and it is not looking much better when you zoom out to the weekly timeframe. The Logical Trading Indicator is flashing a sell signal on this week's candle which means that we have some serious downward momentum hitting the Bitcoin market. For you new guys, this means that there is way more selling pressure coming into the market than buying pressure. Trading is nothing but a game of supply and demand. My thought is that the Bitcoin ETF news event earlier in the year caused us to go into an early cycle that broke all time highs WAY too soon. Now we are paying the price for that, literally... Now that the big boys of Wall Street are manipulating the price, there is no telling what is going to happen. As retail traders, we just need to be able to catch and ride the waves because we don't have enough capital to move the price on our own anymore. What I see happening is that if this weekly candle closes with this sell signal, that will drive the price of Bitcoin down closer to the next somewhat level of market structure, which is around $50k. After that, the next solid level is around $37K-$40K. Not saying it's going to happen, we all want to be optimistic about the price, but we have to face reality that Wall Street wants cheaper Bitcoin so they are going to short futures until they get it to the price they want to buy it at. Once they get their fill, then we could see some real fire works when it comes to a pump in price, but we just have to be patient and ride their wake for a while until it happens. It's very important to not get caught up in the noise on social media and focus on the data in the charts. Fundamentally, Bitcoin is not making any changes. The only news is about regulations and on and off ramps, but nothing about the actual blockchain or it's mechanics. So based on that, BTC traders can really just focus on price movements for now. Don't let a small price pump fool you either, Wall Street wants cheaper Bitcoin, and they will get what they want. Now on the flip side of this, if we hold this level as support, which honestly is not looking like the case as of this post, but if buyers do hold this level, we look at this dump as a shake out and may start the next leg up. So again, we have to be ready for anything. This is really why I just let the Logical Trading Indicator tell me when it's time to pay attention and when to trade. Are you bears ready for another ride down? Or are you bulls gearing up for a moonshot? Be careful out there in these volatile markets and trade logically!
COINBASE:BTCUSD
by thelogicaldude
BTC Next Move 53,000The price has fluctuated between approximately $60,546.94 and $61,431.89 in the last day. In the short term, the price shows a downward trend, as indicated by the recent lower highs and lower lows since mid-June. Over the past few weeks, there's a clear bearish trend, with consistent declines from the highs of approximately $72,000 in early June. Around $60,500, which is the low of the last trading day and a level where buyers have previously entered the market. Around $62,000, a psychological level and a recent high where selling pressure may increase. The previous high near $66,000, where the price faced significant resistance before declining. The volume appears relatively consistent, with no significant spikes or drops. This suggests that the recent price movements are likely supported by a stable amount of trading activity, rather than being driven by low-volume fluctuations. Given the recent downward movement, the RSI might be approaching oversold levels, suggesting a potential for a rebound. The price is currently consolidating, and traders should watch for a break below this support level or a recovery above $62,000 for clues about the next significant movement. The lack of strong volume spikes suggests that there might not be a significant change in trend unless accompanied by higher volume. It's crucial to keep an eye on macroeconomic factors and market sentiment, which can significantly impact Bitcoin's price. Strong Support at 53,000
BITSTAMP:BTCUSDShort
by The_Golden_Path
15