Fall
BNB - THE TURNING POINT IS NOW!Hi Guys!
We will now see a moment of decision.
If BNB stops the fall and returns to rise, then we will know that it is in a primary uptrend, which reassures all of us that we have their currencies.
But (!) if that falls beyond the point of 15.33 on the daily candle, then we are experiencing a big downtrend and it is better to get off the boat.
I believe in bulls, but the overall timing of cryptocurrencies is shaken, so we can't believe anything.
Check out the full chart below
XBTUSD Blood on the street, how longer? #XBTUSD Update
Hey members, bloody days.
#BITCOIN broke the triangle wich we have more than a month following carefully and as i said in the last TA. Moving us to the current support levels around $7200 - $8547.
So, whats our actual see about the markets?
The Cryptocurrency Total Market Cap lost around 20% of its value this week, that means a loss of $35Bn USD in less than 2 days.
The next relevant zone that investors will be looking at closely is the $45-40Bn level, which may attract fresh capital if the BTC index pulls back positively.
If we take confluences into consideration, the next bounce we are expecting is highly correlated with BTC's next key support at $7400-$6500. The recovery of this week’s fall won't happen overnight, it could well tale a few weeks until bulls regain control.
So, there is a strong probability of another drop in both markets, Altcoins and majors, of around 15-20%. Large-cap funds are likely to wait for the next reliable bottom to re-enter.
Bitcoin - Gods are talking about the next BIG MOVE!!Hello guys!
I just kidding, gods didn't talk nothing for me is just another analysis from your friend UNCODED.
Today we can see a probabilistic prediction for the Bitcoin in next coming weeks!
So, we probably can test/fall to the area around:
$8064 - $7582
And after that we can see a litle pump to the $14k area, so let's see.
That's it for now!
Follow me and if u have any questions send me a msg on instagram!
@uncodedmind
BXY (among others) be scared... Cliff fall is entirely possible.MANY of the major currencies are close to breaking their floors.
They have no real support after this collapse...
This makes the USD incredibly stong (NOT a good thing)
Only do to the fact that it is the global reserve and every other currency is in free fall...
BE CAREFULL, BE PROFITABLE!
Bitcoin plans to violate the fallen angelfallen angles btc is here what i said
cross line is acting like heal just for those one who lost their benefits
but after 8500$ btc act like hammer of thor
just this one firing this heal to which number again ? what is your idea
13.000$
25.000$
88.000$
write your idea
RISE or FALL!? Big Movements to be made!So we can see Bitcoin forming a potential head and shoulders, very clear! At the same time it is also following a nice trend support line and Bullish Symmetric Triangle.
BEARISH: If Bitcoin drops below the trend support line i will be very bearish as it heads for my minor support zone at the 0.618 Fib at roughly the $10000 mark. Breaking this support zone will see as crashing to the major support zone i have outlined at the point 0.786 fib at around $8900 before bouncing.
BULLISH: If Bitcoin respects the support trend line and Bullish Symmetric Triangle you can find us retesting the new resistance levels at around $12441 which in my opinion shouldn't be too hard to break.
GOODLUCK my friends :)
Aus -
Comparison of parabolic moves in BitcoinGiven the recent parabolic move in Bitcoin, I thought I would take a look at previous parabolic moves.
Disclaimer: The below is by no means an exact calculation, but more some things I noticed and wanted to share. Also, the dataset is way too small to get to any exact conclusions. Also, this is my first publication ;-)
PAST
I started with identifying all the parabolic moves I could find on the daily or weekly timeframes and draw best fitting arcs (yellow A-G), making sure the arcs would only move up and right (no down or left movement allowed).
Then I added the measurements of the move up and the following maximum move down (white dashed arrows), giving me percentages. Now, the markets are not exact, so these measurements should me looked at in a rough way.
What I first noticed, was that the bigger the parabolic movement up, the bigger the crash afterwards (percentage wise). Let's see if we can more details on that.
First, I looked at A and B. They are very similar in the up move (200 vs 250%), and also quite similar in the down move (50-55% respectively). Let's just say for simplicity that a 250% parabolic up move results in a 55% down move.
Then I looked at C and D. Very similar up moves (roughly around 2000%), and very similar down moves (roughly 85%).
Now we get to E: the move up is only about half of A or B, and also the down move is less: about 40%. So, if the up move is twice as big (120 vs 250%), the down move is only about 15 percentage points bigger (40 vs 55%).
Did I already mention that these numbers are not exact, and that I'm rounding them a lot? ;-)
Now let's compare C & D with A & B: An up move of about 8x bigger (250 vs 2000%), results in a down move that is 30% percentage points bigger (85 vs 55%).
Now, I looked at F, the mother of all bull markets in BTC. This curve show an increase of roughly 5500%, more than 2.5 times the increase of C & D. We don't know what the full down move is, since we're not sure the bear market is over. Now for simplicity's sake, let's just assume it is 2x the increase (way off, but this is just to illustrate an idea).
So:
E: 1x up move = -40%
A & B: 2x up move = -55% (-15% extra)
C & D: 16x up move = -85% (-30% extra; 8x compared with A & B, 16x compared with E)
F: 32x up move = ?
Now, looking at the above, one would conclude that the drop after F is probably larger than the drop after C or D, because the up move is also bigger. How much? Well, it's not linear and it has to be less than 100%, so let's see what we can find.
I decided to plot the few datapoints we have in a graph, drawn by hand ;) To me, it looks like a parabolic curve, although more datapoints would be better.
PRESENT AND FUTURE
As you can see in the graph, the projection for the drop of our parabolic F move hardly fits on the graph, but the estimated drop would be something like 90-95%. I drew some orange arrows in the chart from the top of F to 1830 and 1360 levels, and those ended up being 90-93%, both likely targets (long term). We already dropped 84% to the 3000 area, which was also an area of support.
Now we have started another parabolic move from 3k upwards, and as of writing we are at the 11k level. So far that is a 260% move up. Where will this move end? I decided to draw a best fit trend line (magenta) from 2012 through 2017 and right through the point where we dropped from 6k to 3k. Right now we are very close to this trend line and I think this will be big resistance, just like the diagonal trendline (in red) was when we got to 20k. If this magenta trend line happens to be the top of this parabolic move, and comparing with the previous parabolic moves, I expect a drop of about 55%. Targets of 6k (50%) and 5k (60%) are likely support areas here.
Now what will happen in the future... nobody knows, but based on the parabolic curves I can see at least a bullish and a bearish scenario, assuming that we can't break the magenta trend line:
BULLISH
We drop about 55% from around the 11k level and stay above the green supporting trend line. This could set us up for another parabolic move, just like we got a big move F after E. This could take us to 250-500k bitcoin in a couple of years.
BEARISH
We drop about 55% from about the current 11k level and eventually drop below the green support line. I think it is then very likely we go to 1800-1300 levels and we'll have some more bear market for some years to come.
If we happen to drop 85% from the current parabolic move (G) we end up at the 90-95% target for curve F (but that doesn't fit the idea).
Fall will continue ? BitcoinThe trend line was broken with consolidation below, this decrease can be called a pulse, therefore, based on the pulse analysis, we will see a continuation of the decline, the first zone 6800-7100 is the fibbo level and the last hope of bulls.
At the moment, I see flat and bullish signals on the indicators, but from this moment, while we are under 8300 - short priority, but only after the breakdown of 8300 you can re-enter longs, but this will not happen, most likely as always - we will see flat after which there will be a continuation of the decline, on the principle of inertia.
USDJPY - Waiting for bearish on usdjpyHi there,
USDJPY is still in correction against the very nice fall very have just witnessed. We are anticipating the same fall on current price. US major averages are about to form new highs and drop or at least correction is about to happen on stock market. That drop or correction will give as a very nice wave on the Yen pairs. The way we have already seen just recently.
How you can trade on this chart.
1st- Watch lower time frame like 15 minutes and get in the trade once you see that drop is happening.
Or
2nd- Let the price sharply fall on 15 minutes wait for the correction and then join the breakout.
thanks
Waiting for the fall to come, wishing it would come soon - Currently we see the market is bearish on the 1D time frame
- Since CAD is affected by the oil price we are waiting for the buyers too loose strength
- This could be at the resistance line of the downward trend for the 1D
Stay tuned to see if we will be entering this week.
Why BTC could be going MUCH lower. Part II: Vox populi"Be fearful when others are greedy and greedy when others are fearful.”
Possibly one of the most influential quotes of all time when it comes to investing. While this is necessarily not always the case, Warren Buffet understands that the whole merry-go-round that we call the stock, gold etc. markets are based on one, though far from simple, thing: psychology of the participating individuals.
It is the reason why 90% of all individuals fail in trading as they are lead by emotions and irrational deicisions. The other 10%? They understand the game and simply go against the mass sentiment of the sheep, profiting of off them in the process.
So what is the current sentiment in the crypto sphere?
alternative.me
Well, if we take a look at the crypto fear and greed index we can see that currently greed is in the market with a valuation of 57 (you can look up on what the whole algorithm is based on). If we take the TA approach, we can see that the 60 mark provides a heavy resistance. 56 is the point at which Bitcoin tumbled, broke 6k and capitulated (though if that was the true capitulation remains to be seen).
What does this mean?
Well, firstly, do note that there are times when a greedy overall sentiment can be justified. For example, if Bitcoin made a higher high and established a firm support at a new level that would definitely mean that greed is, at least for the short tem, a justified sentiment. Another example would be Bitcoin decisively breaking the 6k support-now-resistance level as that would essentially signal the start of a new bull market.
But, with that being said, can the greed really be justified in this point in time?
If you look at the TA fundamentals, we are now facing heavy resistance on a weekly time frame with a multitude of indicators:
1. 200 EMA (in red) is holding the price firmly below 4100
2. 20 MA (in black) is falling down like a bomb and though an argument can be made that we broke it, I would like to see a breakout with A LOT of volume. Breaking such significant MA is no small feat and any breakout without volume cant really be taken particularly seriously.
3. RSI on the weekly is 1. overextended and 2. at a super heavy resistance around 43,44
In short, the sentiment is telling us moon while the TA is telling us a completely different story. That would make the current greed sentiment UNJUSTIFIABLE.
I plan to take additional short positions and cant wait for these thing to fall like a rock to at least 200MA. Once there we will evaluate the position and react appropriately.
Stay tuned for Part III of the series, where we will take a look at an indicator with a literally 100% accuracy. Thank you!
P.S. If you like my analysis, please hit a like as otherwise, if no one is reading them there is no point in writing them either.
Why BTC could be going MUCH lower. Part 1: The Hammer strikesMoving averages. Whether you love them or hate them, trade with them or without them the fact of the matter is that some of them are very significant, even on their own as they can act as support and resistance. Once they cross however, their power can absolutely make or break a market as seen countless times in the stock and gold market but also with Bitcoin and, most recently, its death cross in April of 2018.
What surprises me at this point in time is that not a lot of people, even the analysts that I follow and look up to, are talking about the impending MA cross that is about to happen.
The 20 weekly (red) acted as support during the entire bull market and as heavy resistance during the current (and also previous) bear market. We are currently right below it and so far failed to push (decisively) through.
The 200 weekly (green) is perhaps the most important MA in all asset classes across all time frames and, in relation to Bitcoin, represents a line that has literally NEVER been broken and in fact was the point at which the previous bear cycle bottomed/ended.
In short, these two are probably THE MOST important MAs when it comes to Bitcoin, period.
And they are about to have a cross.
Since this has literally never happened before I can only guess what the outcome of this will be. I can tell you one thing though, expect some absolutely massive volatility. Think of it like a giant hammer, ready to either demolish everything in its way or produce a spectacular piece of metal art work.
Timeframe? Assuming the MAs dont change trajectory significantly, expect the cross to happen as early as on the 8th of April but no later than on the 22th of April (blue box).
My personal opinion is that we are getting closer to our final capitulation stage. Be on the lookout for Part II and III of the series where I will further expand on my extremely bearish views for the short and mid - term.
Thank you!
XAU/USD BIG FALL COMING XAU/USD - Time for a fall, Gold has been climbing recently price has currently melted and made a Lower Low. Currently pushing up to the resistance of 1325 which price has resisted many times I can see gold creating a lower high at the resistance of 1325 that aligns with my golden ration, looking for short positions also this will create a head and shoulders pattern and a bear flag. price is respecting should be seeing a fall to the downside very soon.
Please like and follow
Thanks, Kain3e
HL 2018 resistence. BTC WILL FALL - FISH SLAUGHTERGood morning Whale's parasites!
My 9 dicember idea is still perfectly valid. In my charts you will see the clear things. I will never give you 2 directions.
Down is down and up is up because in a market 100% manipulated as BTC we have 100% accuracy in forecasting. Impossible to give 100% accuracy if it were a real market. That it is a manipulated market is a blessing for all the parasites of whales and a nightmare for the fish.
Let's start to analize!
We see that BTC since December 9 made 2 ascending channels one green and one blue. Right now BTC is about to meet the white dot line that is the 2018 HL line and has never been broken in more than a year. So what we're going to see is a very strong BTC drop in a few hours or days.
All the fish that are inside the ALTS (which were doing several pumps) will be paid by the whales, reaching a loss of 40-70% in some cases. It will be a massacre and a splendid dinner for the whales.
So take your parasitic money and run away before the whale drags you to the bottom of the abyss.
If you want to know which will be the targets of the fall, that is, where to buy back cheaply, give me a LIKE. Only if you give me 50 Likes or more in this idea will I share the next targets.
I'm a parasite, it's my nature ...
GOLD Rule: A parasite never says cool. Learn to trade and multiply and multiply, but never put fresh money. We are here to take money, not to put it.
Remember, if we reach 50 likes, I will share the trargets.
Hugs my parasites !!