Daily Overview: Bitcoin to $22kIn this Daily overview, I want to analyze Bitcoin in Daily timeframe and I see that the price could to crash to $22k.
Unfortunately, we're in this bear market and Bitcoin loss the EMA 200 and the price i's below of the EMA 200, the main filter of trend indicator.
So, I hope a crash in Bitcoin to $22k.
I hope that this idea support you!!!
My advice it's beware long cryptocurrencies, we're in the bear market, the same with stock market.
EMAS
Luna to ZEROTechnical indicators are not as important in this case, but Luna broke through the green cloud on the weekly and on the daily is this represented as a red cloud.
From a fundamental point of view is the price of Luna going to reach zero, but this destabilization period on Luna is high dependent on the case of UST gaining or losing its dollar peg.
The UST peg is the root cause of Luna crashing as initial investors saw Luna´s stablecoin UST being pegged to USD as the main stabilizing factor to Luna´s success.
Now when the UST peg has been lost do investor see Luna as a sinking ship, and further would the price of Luna continue to fall. Here do investors rather sell at 30 USDT than 0 USDT.
Before the crash of Luna would the price stabilize itself as investors are not able to trade Luna on Binance do the price stabilize itself until Binance make it possible for investors sell of their recourses in Luna.
When Binance opens Luna to be able to be traded does investors massively sell off and the price keeps getting pushed down. This second sell off is caused by investors disbelief in the product.
The product in itself is the algorithmic stablecoins which keeps its value by burning Luna for UST to keep its peg to USD. Therefore do they need to burn Bitcoin reserves to gain USD to UST which was not possible in the first crash.
This analysis has not taking into account for following: NASDAQ crash, BTC crash, Supply Chain issues and the war in Ukraine.
Not all scenario is bearish on GoldHi, Gold also has bullish scenario in play, i will watch this pullback closely to see which scenario plays out or if we have another lower low (which is my primary after pullback), then this bullish scenario could be invalidated.
Am not gonna force my analysis but gonna adapt based on what market gives me.
trade well,
Alex
Bitcoin Short Couldn't be more obvious - 5 to 1 trade With the aggressive downside move this week, buyers trying to take back control of market, but bears are not finished. I think bear market is upon us as weekly structure has been taken out for BTC .
PA is without question trending down with price below the 4H 50 EMA , and consistent lower lows, lower highs.
Good time to sit back and wait for the next short opportunity with PA destined to head back down.
Trade setup
SL: 32670
TP1: 23425
TP2: 20885
AUDUSD SELL!AUDUSD has been trading inside the given parallel channel since February 2021 . Recently, the price succeeded to break through a significant support 0.69865 , went back retested it and is now ready to move down all the way to a significant support on monthly Chart 0.68709, which would be my final Target . the downward move is further confirmed by the price trading below the 200 and 50 EMA !
BTC shortIt broke the down channel in which it was moving and went down to the range of 29000.
It is still in a downward trend and there is no sign of price growth.
EMA 20 Cut the EMA 50 down and the price is below both.
The 29000 range is a very important support range, and if it is lost, we can expect a further price drop to 23,500.
The 35000 range is also a very important resistance that does not seem to be able to pass easily.
Oil Price and financial crashes This chart shows the correlation between the oil price and the different financial crashes. During the melt up to a financial crash does the price of sky rocket and during the aftermath does the price crash.
The oil price of today only matches the oil price of the Russian energy crisis and the Great Recession. Seen in this chart is a slight pull back onto further continuation upwards as the war in Ukraine continues does the oil price continue upwards.
The supply chain crisis causes economies into a recession and this is also a reason to believe an increase in oil prices as oil is a stability.
Bitcoin CrossroadsBTC weekly historical performance relative to EMA's provides interesting perspective and a rather key inference...
# of Times the 20 EMA has crossed below:
50 EMA: 3
100 EMA: 1
200 EMA: 0
20 EMA Crossings:
1. 20x50 Sep 2018
1a. CONTINUATION downward resulting in additional -58%
1b. 20 EMA only crossing below the 100 EMA
1c. 20 EMA bounced off of 200 EMA
2. 23 Mar 2020 - Reversal with upward trend only
3. 18 April 2022 - APPEARANCE OF CROSSROAD - Trend continuing downward so far...
The most recent 20 EMA crossing below is recent, however the trend appears initially to be a downward continuation.
Worth keeping an eye on as the Federal Reserve and Central Banks look to increase 50 bps this afternoon and the quantitative easing that has been in place since Bitcoin's inception ends and the Fed becomes more hawkish with quantitative tightening.
High Tension Lines In 1 DTF//VTLStrong Support Downside!!!
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Peace Mates!!!
One More Low, before significant pull backhi, I see minor pullback is done or almost done.
I have sell position targeting 1860-1840 area before expecting a significant pullback.
Trade Well,
Alex
BTCUSDT - up and downI have been viewing the last weeks (since the Jan low) as a reversal pattern, with higher highs and higher lows on a weekly and daily time frames. We are currently trading under significant multiday averages (20, 50, 100), and bounced off the 38200 level.
The current channel looks like a giant bear flag. We might break down further from here towards 36k and then 30k.
I am not short yet, and I am hesitating to go short due to the fact that I am fearing rally here. The reason I am expecting this rally is because in this channel, which looks like a giant bear flag, we have been creating higher highs and higher lows on the weekly time frame. We are not on the lower border of the channel and unless we brake below it soon I dont think we will see 36k for some time.
I will place a pending short @ 38700.
SL 40000
TP 38000
I will also place another pending long @ 39600
SL 39000
TP 42600
Gold gave us the one more low we wanted. now pullback time?Hi, we close all sell trades with great profit, now I see gold can start making pullback.
i see good buy opportunity aiming "A" Wave.
Trade well,
Alex
Bear still looking for last salmonHI, I see price can go for one more low to complete final wave before pullback can happen.
trade well,
Alex
we saw One More Low, Pullback time?hi, gold created one more low as expected and we had a good profit secured.
I see pullback possibility from here to 1950 region up to 1969.
good R:R
Trade well,
Alex
GOLD, One More Low.Hi, I see price still could go for One More Low, before any pullback happens.
Trade Well,
Alex
Just pullback, no Bull, still Bear.Hi, I see price making pullback ranging from 1930 to 1970 area before resuming its journey downside.
though I am selling the trend & bought the pullbacks,
i will favor sell more than buy at this time.
trade well,
Alex
Pullback time, before further declinesHi, we made good profits and closed the trades on wave 3.
i see now price could make pullback to wave 4 area before completing 5 waves down.
i have sell limit waiting on wave 4 area.
trade well,
Alex
Bitcoin Symmetrical Triangle Breakout Imminent!Hey Traders,
As you can see, the price action has formed lower highs and higher lows. The volatility has also dropped massively as evident in the Bollinger Bands. The RSI which I didn't bring up is having higher lows and equal highs, showing the strength is ramping up. The target out of this breakout is 42k, however, it may break down so the other target is 39k.