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Panicsell

Is it a correction? Retrace? Bear run? Markets are selling!This is just a quick post to overview the market macro data. Yesterday there was a systematic market shock as over-hyped, over-price bull run ran out of steam. People were panicking and speculating right and left. Price was dropping, exchange apps were crashing and ETH even dropped to $700 on Kraken. Not sure if anyone managed to buy at that price level as all exchanges at that moment have crashed. But nevertheless, it is an impressive 24hr drop for ETH from $1970 to $700! Today, at 9am GMT, yet another "crash" where ETH dropped from $1600 to $1360 just in an hour! Is this a correction? Retrace or are we now in the bear market? There can be lots of debate on how you slide and dice data. At a macro level, BTC "the one that rules them all" usually moves ahead of the market. Altcoins usually are forced to follow. BTC has risen about 200% since December 2020. ETH with a little lag has risen about 220% during the same period. Looking at the raw data one could easily be mistaken that ETH overperformed BTC, however, I would doubt that's the case. Since there is a price lag, market is dictated by BTC and altcoins are much more price-sensitive than BTC I find ETH/USD overlay over BTC/USD to be a good indicator of what is going on in the market. The way I see it is that since 14th of Jan market has been overpriced and the correction was due. Market was overhyped and the higher it rises, the harder it falls. The last two days confirm the change in pattern. A key question remains - what's next? I have seen all sorts of wild speculations yesterday. The reality is that no one knows. Market is in shock, the pattern has changed, a new baseline needs to form to evaluate what is overpriced and what is underpriced. It is very likely that with today's US open, the price will drop further. Today's "technicals": The position is - do not freak out . Market will be testing for the bottom and it may drop significantly lower. Forecasted highs are at FOMO. Of course, it is great if you can be glued to the screen, buy the dip at ETH $1355 and sell at $1510 15 mins later. But most won't. There is no mid-way point today to judge what is a good price. Forecasted lows are at FOMO too! I do not believe that ETH will drop below yesterdays ETH $700 for a sustainable period of time. However, there is a massive gap between the current price of ETH $1500 and $700! Enjoy the FOMO! 🤑🍿 If you would like to have early access to my TA's, make your best guess if it is a Retrace, Correction or are we in a long run Bear Market now!
Short
by DataMoney
10
UAVS, high potential but after transparencyA nice run on UAVS and then a free fall after a short-seller report. As you can guess, it recovered almost immediately after a response. Should you buy in the dip? Well, it depends. We had a strong bullish accumulation around 10.18 and then around 8. Panic sell broke 10 support area, yet at 8, we had stronger support plus 200ma support and it immediately bounced back from there. That was the sweet spot to get in. Now it is sitting at 10 volume support area, and has the potential to reclaim VPOC and maybe even retest its high. However, for that to happen, we need some green SPY, good PR, and some new fuel to the ticker. I believe in UAVS in long-run. Maybe ARK would start going heavy on this for its space fund. But at the moment with a red SPY of today and generally weaker season, I would wait for some more consolidation before jumping in. Without any more news, the risk is 8 area and the reward is 11.5 area, so not so much good risk/reward for my investment. With a red SPY, like today, I prefer to stay away from "gambling" or "speculative investment" and trade charts with high risk/reward potentials. Also look at EH. It follows a similar pattern as well. Reclaiming a support area where we have bullish accumulation but not going further up since those institutions investors may not buy more to push the price higher, due to all the concerns around this ticker. I would happily buy at the support area around 8 if it ever drops. Trade safe! Trade safe.
AMEX:UAVS
by AlphaTradingAcademy
EH analysis EH had a few predictable runs in the past couple of weeks. Two breakouts each giving 40-50% and then a free fall, leading to another 100% gain for dip buyers. We have used these opportunities in our group. The last one was a clear buy signal when it had support from 1- 200ma 2- whole number, 40 3- high bullish volume area accumulated around mid-Jan. The price target should have been 70 and then 80. I personally would not believe it can go higher with a lack of transparency. A good PR could push it a bit higher, but those bullish volumes accumulated during Jan and mid-Feb perhaps would not risk their capital more to push the price higher unless EH increases their transparency. As of now, I am long-term bullish on EH, yet I would not risk my capital right now (prefer to trade the chart instead of gambling and being emotional). I would wait for more consolidation and some new PR from EH and start a new position when it touches 200ma again or showed some sign of strength. Trade safe!
NASDAQ:EH
by AlphaTradingAcademy
BTCUSDT 1D | Bitcoin market overview: Drop to $9,875Hello, dear subscribers! In the previous survey we looked at the resistance zone breakthrough of $11,900 - $12,000 on the 4-hour chart. On the daily chart we see a wider resistance zone of $11,800 - $12,200. The bulls could not hold on above it and the Bitcoin price collapsed to $9,875 within two days. The current price of the Bitcoin is $10,200. The upward trend that started in mid-July from the price level of $9,200 has ended. Support zone 1 on the chart became a resistance zone, as the price is located under it. In the following days, the Bitcoin market is likely to move further down to $9,200-$9,500, the current volatility will allow the bears to make such a breakthrough as buyers panic selling their assets. Or we will be in the flat zone - $10,000 - $10,900, which will allow market participants to calm down and decide which side the price of bitcoin will go in. Subscribe to the channel and stay with us!
by CatalystsFinance
Today is a Great Day to Hold + Buy DipsRight now people are unnecessarily panic selling stuff they likely don't need to panic sale. As Buffet says, the stock market is a tool for transferring money from the impatient to the patient. Today is a great day to buy dips, diversify and strategically invest so when the market rallies you can thank yourself later rather than unnecessarily panic selling stuff in ways where you can lose thousands upon thousands of dollars. That being said, everything I say is on the basis of opinion. Invest at your own risk and do your own due diligence.
ULong
by gamer456148
Short idea on SPX (S&P500 index)This is looking more and more like a bull trap the more i look at it... We've seen a strong push to the upside around 20% or so from the lows and now everyone thinks its "bull season" I'm sure most of you is aware of the dead cat bounce theory, and for those of you who don't it is basically the thought that if you drop a cat off the roof it will bounce a bit higher after hitting the floor before falling again maybe even lower in the case of the market, and this is very similar to the market that we are seeing. With that being said we know that the market has been falling since the 20th of Feb and we have currently seen quite a positive move to the upside (20% or so from the lows) which is tricking the "silly money" into believing that this is the bottom and we are on our back to all time highs again, a classic bull trap! People seem to forget that fears of corona virus are not subsiding, if anything this corona virus is just getting started, the US has officially become the most infected Country in the world with the most amount of confirmed cases in the world! This isn't a positive for the US I can promise you that and It isn't going to have a positive affect on the dollar, the S&P 500 or any of there stocks. The spread of Covid 19 (being politically correct and all) is spreading faster and faster as the days go by with no real stop in sight, we are seeing deaths rise at an exponential rate as well as the number of people being affected climbing daily. I don't know about you but in my mind this doesn't paint a very positive picture for the dollar index, or the economy at large, but more specifically the American economy. With that being said i don't think that this is the end of the "crash" i see a lot of downside still to come and this is why: 1. As i stated above USA has the most confirmed cases in the world which can't be a good thing for them from an investment point of view. 2. The US Dollar index has recently seen a change in direction over the past weak or so indicating a change in direction to the downside, which is a good indication that we might see the US dollar index weaken in the coming week or so. FYI: The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. So in other words it is a direct representation of the strength f the dollar relative to other currencies. 3. The market formed a gap on its short burst up in price at around 2291 - 2340 and it is a well known phenomenon that when the market forms a gap in price that the market will make it's way back to close the gap. So with this being said i am quite confident that the market could make a move lower back to the lows in order to close this gap. 4. There is also a Fibonacci level or two in play here, we have the 50% retracement level around 2664 and the well known 61.8% retracement level a little higher at around 2774 (which is less likely to see price retest this level but still very possible). In conclusion I can see price perhaps pushing a little higher in the early days of this week, before falling further to at least the lows that were formed or even as low as 1939. Upon seeing a push lower i will look for bearish confirmation/bearish corrective structure before entering into a short position. Please note this is not trading advice and i am not pushing for a sell or buy but this can be seen as merely a market idea.
TVC:SPXShort
by Jinxfx
1
BRK B, ARE WE GOING TO INVEST OR SPECULATE?(More in description)Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest. Short description of analysis: We're probably waking up to the next sucking Monday. At such times, technical analyzes are unnecessary. You ask why? because of sentiment and panic in the market. You can see this in my previous analyzes. That is why I have decided to focus on investing in BRK B. I have written many times in analyzes that we need to focus on a long period of time because the market panic is high. VIX shows us the values ​​almost as we experienced in 2008. What is unbelievable as we look at how dangerous COVID-19 is (I don't take anything lightly), but the panic associated with COVID-19 is not relevant. Furthermore, the effects of the panic, the cooling of the economy are already felt, but we do not yet have Q1 results, while the expectations are very negative. That is, in the short term, with full seriousness short (if you have a large account where you can afford such speculation - there are potentially nice profits). In case you don't have a lot of experience opt for investment (make your own rules how much you are willing to invest - never go ALL IN !, break your investments into the zones where you buy) persistent and responsible. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
NYSE:BRK.B
by Lucas_Sochulak
4
S&P 500 😷 Coronavirus Panic Selling, but should you worry? 😱🚨PANIC SELLING of stocks due to Coronavirus...😷 in fear that earnings for top companies will drop as productivity comes to a halt. 😩 ⚠️ Historically, the SARS outbreak did not cause the stock market to dump farther as we were in the tail end of the Recession. Coronavirus appears to be coincidentally at the top of a market rally and is just a social trigger to inspire fear, uncertainty, and doubt. FUD 😱 This will allow institutional players to take your money and buy back at cheaper prices. 👿 (The 200 Week Moving Average.) Ask yourself this... 🤔 because of Coronavirus will you stop logging onto Facebook, will you discard your Apple Macbook, will you stop buying goods from Amazon, will you stop watching Netflix, will your office stop using Microsoft Office? If the answer is no... DO NOT PANIC SELL your retirement account, please. 🙅‍♀️ Since 1977, which direction is the stock market moving? Answer: Up. ☝️☝️☝️ RSI Bearish Divergence playing out: (Indicator below the chart with squiggly blue lines) Price makes higher tops, while magnitude of price (RSI) makes lower tops. Warren Buffet and Jeff Bezos already sold their stocks for cash. No one cares until now... Who do you think will buy the stocks you are panic selling?
TVC:SPXEducation
by ChartCinema
Darth Vader finds your lack of faith disturbingI'm ashamed. Embarrassed. I don't want to tell people I dabbled in crypto. The main reason is the weakness and lack of faith within the crypto community itself. It hamstrings itself at every opportunity; shorts constantly, can't sustain bullish activity for more than 5 contiguous minutes. What are you doing?? Collecting 1% and day trading. Recent studies show that the amount of crypto press multiplies in times of negative activity , and despite claims of market manipulation, the far greater threat are your weak , trembling hands that hit the sell button every time you see green. Pathetic. If crypto fails it is because it failed s a cooperative community. The worlds premier financial services disavowed. Of course this is a threat to government , and they may play a role , but it is small; crypto is still of and by the people involved. Failure to maintain BTC above 4k when an ASIAN session set it up to get there is also pathetic. They (those involved in mining) have had to sell machines for scrap but have more confidence in an overall positive outcome than the trembling westerner. Your kids still want crypto for Christmas. Kids tend to be pretty smart , being not far removed from education, at this point taught coding in school, and may have greater insight than the fools destroying the concept of something anti-globalization. What is especially galling is that the weakest hands are the ones otherwise subject to a fractional reserve banking system in countries like the U.S. for example, that are trillions of dollars in debt. There is a day coming worse than '08. And when it does the government will bail out banks again , because the banks are so greedy they lend out money that doesn't rightly belong to them , and when the machine breaks the Federal reserve PRINTS MONEY. WAKE UP AND DO SOmETHING!!!!! RAISE THE BAR FOR ONCE. No, 2017 is unlikely to repeat in that it will not be a parabolic rise in just a few months, but rather a slower yet permanent rise if you would simply allow it to happen. By you I mean EVERYONE involved in finances at all who can see their reflection in the mirror. If this was a team , you went undefeated in '17 only to lose every game in '18. I'm the guy yelling in the locker room , because I cannot and do not understand such behavior and do not want to. This IS a community , and while everyone wants to make money , it is painfully obvious that the self inflicted wounds just keep on coming. YOU just failed to break a 4k barrier for BTC - forget metrics that is ALL psychology , and it happened because you short sold and ran. Enjoy your short term capital gains tax. Finally, why in the f%$% does every other major coin have to be directed by Bitcoin? Are people just too stupid to understand the differences in fundamentals and use cases?? One ring to rule them all, and it's that one?? Equally pathetic. Tax headlines scare you off?? You suck. Bad press? You suck. Do some research . The bad press is a ploy by big money to get YOU to sell, you , the guy who gets hurt , so that the absurdly wealthy can buy in cheaper. Fortis Fortuna Adiuvat. ** I am not a financial advisor and the above should be construed as a rant.**
BITSTAMP:XRPUSD
by Cryptocautious
4
FUD? PANIC SELL?Do you see that red candles out of the Bollinger Bands? It happens when the price movement is not natural, panic selling, manipulation etc. Anyway, we have to deal with it. The 50% line (mid line) of the gray support area should hold as support, or its will turn to be probably tribble. Although the ultimate bot in order to don't go down to $4000 should be the 3D EMA200, 3D candles close should be above EMA200 area. You can check my previous ideas for 3D charts and a more comprehensive explanation.
BITSTAMP:BTCUSD
by garyreza