BTC Roller Coaster: Fasten a SeatbeltWith the capitulation in may still lingering in the minds of retail and institutional traders alike, we get exposure to market events that speak to the uncertainty that lies in even the most advanced TA. With capitulation, a record number of liquidations roll through the equity value of BTC along with most ALTs. This part of the market cycle is not a hit and run situation either; this is a phase bound to last probably till mid-to late October as we approach the crypto "jackpot" month of November. Ranging markets are inbound but for now, this bearish flag is indicating a push further down into the low 20k's. Stay frosty my friends.
Dump
Fractals indicating BTC is about to go deeperI like trying out different indicators, searching at random to see what clicks. This " Honey Cypher " indicator is a recent favorite. I've circled the fractals on a 19H chart. Two consecutive dips on the Honey Cypher chart, where it does not break above the 0 mark, precede a rather large dip on the price chart. The magnitude of the price chart dips also seem to correspond to how far apart the Honey Cypher dips are, along with how symmetrical the dips are. The current pattern emerging show the most symmetrical and spaced apart Honey Cypher dips yet.
Check out the "Related Idea" for specifics on the Honey Cypher .
Buckle up.
BTC shortAs i have already explained the whole scenario on the BTC. Local upside moment and fakeout, while overall bias remains bearish. Here is good probability setup for shorting of the BTC on local time frame.
BTC is moving in an ascending channel. Once the channel is broken or rejection takes place on local resistance, a good shorting opportunity can be availed.
BTC at the moment can either follow scenario.1 or scenario.2 depending upon the moment. Good luck with the trades
With your support, i will keep posting real trades and ideas that are near to reality nor merely based on speculations.
History repeats itself Look I know this is far from any crazy technical reading or analysis. But my gut has been right more times than not. I’ve spotted patterns that end up repeating time and time again. This is one I think could happen in the next 16 to 24 hours. I very well could be completely wrong this is just an opinion. But the 4 hour chart is nearly identical and the timing is dead on perfect. Thoughts?
BTC going down soonBitcoin is currently at a critical point. Technically and fundamentally BTC is bearish and we may soon see the levels of 15K, 12K or 10K. In extreme scenarios it can go even towards 7.5K levels. There is no long opportunity yet. We may see some fakeouts but priority remains bearish for the moment. upper mentioned levels are critical and closely be monitored.
Bearish flag pattern and bearish scenario at macro level is what makes BTC to fall down. stay tuned for followup analysis. Thank you
Bitcoin BTCUSD deviation from 1 year averageThe indicator show the amount of deviation from the yearly average price.
As can be seen, the March to April 2021 highs deviated extremely from the yearly average.
Bitcoin's price tends to swing from being above the yearly average to below it. IF Bitcoin was to now drop to a similar deviation below that would be extremely severe. Personally I think it's more likely that the swing is similar to the LAST swing up in Nov 2021.
This opposit swing can also be seen on the chart and shows that Bitcoin has already pretty much moved the same distance below the yearly average as it did when it moved above in in Nov 2021.
Could this mean the dump is nearly over?....
XAUUSD: BEARISH ASCENDING TRIANGLE 🔻XAUUSD: BEARISH ASCENDING TRIANGLE 🔻
BIAS: BEARISH 🔻
TECHNICAL PROJECTION: BEARISH
On the H4, we have a bearish bias that price will potentially create the "E" wave to continue further bearish to 1722 target to complete its "e wave" from the bearish descending triangle pattern.
FUNDAMENTAL PROJECTION: BEARISH
DXY STRENGTH: Market could be pricing further 75bps hike tightening to come & balance sheet reduction to continue at $60b & $35mbs over the three month timeframe.
Cash Cow Prediction Short Time FrameLUNC has been playing with peoples heart and money since the original Luna crash and the depegging of UST from the dollar. The last few days have shown an immense level of growth...returning it to close to the original listing price a few weeks ago. Currently the top is forming a large H&S on the 15 min, indicating a big dump en route. Hope y'all make it in time. Good luck!
MSFT redistributingHey y'all
I've been watching MSFT as of late as I think it is in the process of redistribution before the next leg down. If you take a close look at what MSFT has been doing lately, you may notice that what it is doing looks quite similar to the leadup to the fakeout rally it had in March. I am currently expecting a very similar move, and am looking to buy any new 52-week-low in MSFT to benefit from such a fakeout rally that I expect could take it to the high 270's, all before shorting it when it gets up there. There are plenty of reasons to suspect the rally would get faded should it get to the high 270's as I am predicting, not to mention how high up MSFT is relatively and its high P/E ratio . Moreover, it is fresh off of distribution.
Disclaimer: I believe we're at the end of a market cycle(a crash) and are in the process of redistributing before the next leg lower
Possible short setup XLBHey y'all,
On XLB, there is little to suggest that we aren't going to have a counter-trend rally in July. That being said, there are even fewer things suggesting that said rally would not be faded, though predicting where exactly the rally will be faded is an incredibly difficult task. If it somehow manages to push its way up to $82/share, I think it would be an incredible short, though I think it may only make it to around $80. Good luck with your trading!
Nasdaq end of market cycle(crash)Hey guys, it's been 14 years since the last true end of market cycle crash(though I could argue 2016 was a crash of sorts). Taking a look at the previous 2 market cycles leading up to the 2000 and 2008 crashes, you can see the logarithmic trendline highlighting the euphoria phase of the stock market prior to the subsequent crashes. All in all, there is little to suggest that this breakdown of the log trendline that marks significant moments in the market will not lead to a stock market crash as it did in 2000 or 2008, especially considering inflation, high valuations, excessive margin, speculation(even though the speculative growth bubble is largely popped), and the simple fact that the Nasdaq has been up 13 consecutive years. Though many sectors are beaten down, I expect future legs down to be more violent as more and more sectors enter downtrends that previously weren't(namely agriculture) that will plummet the indices with them. In the immediate term, I expect there to be whipsaws both to the downside and upside, but I expect the resolution to be significantly lower by the end of summer.
BTC SUPPORT LINES AND GAME OVER RIP LINE. This chart I am showing you what I think are the support lines that must hold or down to the next is 100% guarantee. Note the 3k line IF we go down that far must hold or DEFI is dead and all coin is nothing but a memory of how the world lost money. Also know that the longer we go down and stay down, the bigger the recovery will be. This is crazy and stay clear of alts, some will die. My TOP TEN LIST, of coin I think will recover best are in no particular order are. BTC, ETH, SOL, MATIC, CRO, SHPING, DOT, AVA, ADA, UNI. No I did not list meme coins because they are manipulated by twitter critters who just smell MUSKY to me. I think 10K is going to hit and I hope hold, but no one knows anything anymore at this point, Best of luck to you all, I might place some more at 10K but I want to see 3 steps up before I go long with a real investment. It will go up, just have to wait months or years, No one knows anymore, until lending coins stop failing. But things happen in 3's and watch for big time regulations to hit hard as feds get protective due to all them crying eyes who did not believe the crash, heck, this deep down got me off guard. I thought 23K would be it. I was wrong. Be safe, Be smart, and get wealthy my friends.