Krach
Bubble, Krach or End of cryptos ? LETS DRAW SOME LINES. Lets draw some lines together.
Thank you to ask questions in comments if you are not able to understand the chart by yourself for some reasons.
Have a nice day.
BTCUSD - Straight To The Black HoleHi guys, my hope for a reborn of Bitcoin is definitely gone looking at the current setup...
We are not looking for the moon anymore but surely for the black hole.
A quick bear scenario for ETH.All informations are in the chart.
Please comment for more informations.
UPDATE of ETH bearish-call.Hello guys.
Just a quick update of my quick scenario, normally descending channel don't breakdown. If we can't bounce over our precedent support zone (400 area) then this second scenario is more likely than the first one. We need at least a daily close over it be patient.
But hope is not totally end, MACD is ready to breakout the descending triangle and go bullish that could help us to reintegrate the descending channel and don't fall like a rock to 200 area and then 150.
See my precedent chart i linked for more informations.
Have a nice day.
As always, I'm not a financial advisor.
Important EDIT : Do not take into account the Timeframe.
CORRECTION IS DONE WELCOME IN KRACH. Behind this little defiant title i see a part of truth : After a massive correction like that, market volatility need to calm down to attract investors and that take time... If you look at the 2014 krach (to stay in Bictoin chart, because there are so much others exemples of krach in the stockmarket) it took more or less 1 year, to keep calm, reduce volatility and comeback steadily to the rise.
The EW i drew are only here to give an idea to where you go, i don't expect the price to exactly follow it even if i drew it considering the different keys supports and resistances (daily / weekly WMA, ascending supports/resistances / fibonacci retracements areas, etc...).
During the massive dip to 5900$ we quickly broke the ascending support in red and somedays ago we dit it again.
Possibility of cross 34 WMA and 89 have been rejected and the ascending triangle (or bear flag) have breakdown on the RSI.
My final target in the comings weeks/months is around 3000$ area where i expect a strong support from the massive support in red who hold all our krachs and worst corrections since 4 years. The price will probably consolidate in this zone before the resume of a new bullish-cycle.
I think all informations are already in the chart. If you are not sure about something please tell me in the comments.
Please remember, i'm not a financial advisor i do it only for my personal entertainment and trading. Do your own research.
Behind Technical Analysis : Rabbit-KRACH scenario of Bitcoin.Are you ready to hold 8 years of bear market ?
Just kidding, nothing to say on the chart since my last update.
Your pro rabbit-pattern analyst.
Krach market sp500All is bear warning !
Attention, the market is in a phase of downward trend, a crash is inevitable.
Attention, le marché est dans une phase de tendance baissière, un crash est inévitable.
Major potential reversal zone on NASDAQ (7619)Of course in this crazy bull market, talking about reversal zones is always funny.
But well here it is.
If you believe in harmonic patterns, we have an almost perfect Bearish Crab, with an eye (B) between 38-50% of the dotcom krach. The subprime krach felt to 91% (very close to 88.6%)
And the PRZ (potential reversal zone) is at 161.8%, which is 7619 points.
If you're willing to trade it, one could wait for the prices to go slightly above 7619, and wait for a sharp fall from this level. A short entry would be below 7000 (trend line breakout) with a stop loss above the all time high.
Target would be ... very low.
Note : the pattern is quite huge, prices could touch 7800 without invalidate it. As long as it falls below 7619 after this.
2015 : PREPARE FOR A KRACH ON SP500.... Objective : 1525 or moreIf you add the RSI, you could break a trend too to confirm the krach.
IN 2015 : PREPARE FOR A GOOD KRACH ON SP500.... Objective : 1525 or 1375 in 2015.
