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BTCUSD - A Simple way to look at things. In this look at COINBASE:BTCUSD I just use simple patterns and timing to give us the downside target of around 12k. This lines up with previous market tops and lows when it retraces up to 88.6% from the ATH. The other reason for one more low is the fact that the 3-4 week rally from the June low was very weak. There is also the pattern of high to high high which gives us around 140 days and we are headed lower from there. The FED also said that rates are going up for the forseeable future to curb inflation and we know that Bitcoin doesnt like that as it runs like a tech stock now. Anyway some thoughts for now and we need to find a small rally to get short.. The next few days will be key. ETHUSD is running the same with a downside target of 650. It was stronger in the last rally and made the 382 @ 1720. Enjoy the week. 👍👍
COINBASE:BTCUSDShort
by L_F
BTC PERSONAL ANALYSIS IN THE SHORT TERM (RAIN OF FIREEE!)Greetings fellow crypto fam! I am here to share a fairly well conclusion on what's gonna happen with bitcoin, we have been so exposed with lots of bearishness with all of the charts and patterns pointing more downside action. We have bearflags, rising wedges, inflation, rate hikes, housing market crashes, war, pandemic -- there's too much of anything in this world to even be at least interested in becoming a bull so I implore you to carefully consider your options in this market. There are two choices here,, either you enter shorts or puts in this monthly trend of bearishness or you can sit it out, wait for everything to settle probably 6 months or so and then decide from there. The totality of Jack Powell's speech in the Jackson Hole is a huge U-turn on his image basically because everyone was expecting for a neutral-rate hike or even a standard Jack Powell optimistic speech, but no he literally admitted that along the way some pain will happen and this cannot be helped by taking more of this approach aggressively and possibly even end it quickly. I like the brashness of it all, however he just nailed the door shut when he said that their decisions or outlook towards the economy would largely depend on "data". The bad thing about being data-dependent is that the economy could crash tons of money tomorrow and they will only act FROM there, there are no preventive measures, there are no concrete risk managements -- just pure reliance on what the potential future data can display and that's just sending everyone to their financial graves. This only proves that they literally cannot do anything to change what is happening and would prefer to just let the market settle ITSELF, all on its own , with continuous monitoring by yours truly, the FED. ---- Like the chart? The fundamental analysis too? Give my chart a boost, comment and share it. Its completely free, bookmark it, save it -- it is yours!
BYBIT:BTCUSD.PShort
by Wamses
ETH PERSONAL ANALYSIS IN THE LONG TERM (UPDATED) SHOCKING REVEALProfessionals, retail traders and even those that are just complete strangers in this space. I am saving this chart for a massive prediction that our play towards beyond 2,000-2,200$ would simply not play out quite easily, yes it is possible do not worry, however since we are in a multi-month resistance trendline ever since 2021. I do not think that it will be very easy for us to break this resistance and as we all know, as professional traders for every time we meet the resistance, it most likely more probable and agreeable to short it than gamble for a breakout without confirmations. One very notable point that I have to give you guys is the fact that this multi-month resistance COMPLETELY mimics to that of the stock market's NASDAQ, SP500 and DOW JONES. I personally think everything is indeed priced in and the markets are more than well prepared to send prices down in the name of resetting the economy and as well as making sure that for the entire years to come, we will be (or they will be too) in a much better position for a good massive long without even looking at their computers. ------------------------------------------------------------------------------------ Features in the Chart: We are in a giant ascending wedge (Bearish). We are in a giant descending triangle (Bearish). Multi-Month Support Trendlines and Multi-Month Resistance Trendlines. ------------------------------------------------------------------------------------ As I write this to all of you, this is the greatest prediction I will ever do and please do not forget to remember and save this chart for future years reference. Thank you! Shortly after, I will also post the stock market indexes.
FTX:ETHPERPShort
by Wamses
3
BITCOIN MASSIVE UPDATE FOR THE SHORT TERM (SHOCKING REVEAL)Please be mindful of your risk management as always, we are in a bearish adam and eve and will continue to break down to 20400-20600 before we see any light of retracements. Do not forget to keep following the stocks, we have already dumped from stock futures, but market opening is not even near yet. My best recommendation is to low leverage short until you can deduce a trend change, until then I do not see any sign of bullishness. A confirmed bearish adam and eve would break beyond 21,400$ and retrace back to this level. Do not forget to like, share and comment! :D
Short
by Wamses
ETH PERSONAL ANALYSIS IN THE SHORT TERM (CONFIRMED!!!)The total current evaluation for Ethereum is a massive bear. Yes, you are reading that right, it is a complete breakdown of a confirmed rising wedge on the daily and you know what that means? This means that the price will now go back to where it originally started. Please be mindful of longing anything right now as we do not have any confirmations on any sentiment or fundamental or economical news to support a bullish reversal. The NASDAQ and the SP500 are on its way down, you can check it on my profile. You are in a bear market after all, shorting is the best move as is longing in a bull market! --------- Do you like the chart? Do not forget to boost, comment, or share this to your friends. Bookmark it, save it, its completely free!
COINBASE:ETHUSDShort
by Wamses
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)Noodle party? Well not exactly, its a solana chart spilling spaghetti everywhere! The total evaluation for this asset is extremely bearish and I could not even begin to become so engrossed in bear costumes all year round because who could possibly blame us? The cycle has ended just as it has always ended in previous cycles -- it almost always returns to where it started and considering how we just got resisted from the SP500 and NASDAQ on a monthly resistance trendline (you can check this out in my profile) , there's no guarantee that the current supports that HELD us in a bull market will even be strong enough in a bearmarket. The SOLANA chart has now been confirmed with a bearflag that we had been suspecting from since we dropped here in this range for months, a validated bearflag WILL create lower lows and its much stronger in a bear market obviously and especially in a macro-time frame (4H, 8H, 12 H, 1D, 1W). Never underestimate panic selling, always be mindful of your risks and make sure to enlighten yourself everyday with what is happening around the world so that maybe one day, huge positive fundamentals or catalysts would support a possible reversal towards our brand new all time high. ----- You like this chart? Give it a boost, a comment or share it with your friends. Bookmark it, save it, its yours for free!
BINANCE:SOLUSDShort
by Wamses
1
The Good, The Bad and The Ugly - BTC to $430 000 (there's a catc The Good: $430k is in slight 🚀 The Bad: $7-$9k will come first ⚡ The Ugly: it'll take 4 years to reach the top, 3 years of which in a bear market. 🐻 Despite the high volume in the recent weeks BTC was unable to push through $25 200 or hold the $23 800 resistance that flipped support for a short while! This is very significant and paints a grim picture, especially when paired with the state the US economy and the high inflation. This price action is usually characteristic for the PS stage in a Wyckoff Accumulation, where institutional buyers accumulate the asset so that they have enough of it to sell through major resistance levels (and subsequently buy back at a discount). This in turn triggers a cascade effect, pushing weak hands, who in a state of a panic try to salvage whatever they can and sell everything they have left at a great loss. In the short term we should see a bonce back to $22 600-$22 800k before the final leg down. Bottom price is not guaranteed, but the bottom will almost certainly be at the end of November / beginning of December. To show the potential path I've used an inverted fractal from ADA that covers the accumulation period and the ascend to $3+. Never a financial advice, dyor.
by Rezakov
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)The overall evaluation on the SP500 index has been in a monthly bearish trend that has always confirmed itself via a monthly resistance trendline rejection ever since the apex turning point of this index from January 2022. Please be cautious on your risk management as always. The projected lines of direction (white) are not random skittles, but was produced by my experience of years of trading on how market moves work to build proper market structure. Yes, it is possible that we may even dump further than expected or pump tremendously due to some peculiar and consistent positive catalysts however this serves as a "guideline" on what to expect for the months to come. The SP500 is very similar to the NASDAQ structure and as well as in crypto. We may not see any potential major consolidation ranges until we hit the 2020 support lines. ------------------ You like the chart? Its free! Don't forget to like, share and comment! Bookmark it, save it so that you may add it as additional reference for your future trades. Thank you! (If you got any spam notifications by me reposting this a lot, its because the image view or zoom is not available in tradingview upon application. You shouldn't have to adjust it yourself, just read for your convenience!)
VANTAGE:SP500Short
by Wamses
1
LEARN HARMONIC PATTERNS TRADING | ABCD PATTERN 🔰 Hey traders, Harmonic ABCD pattern is a classic reversal pattern. This pattern is composed of 3 main elements (based on wicks of the candles): 1️⃣ AB leg 2️⃣ BC leg 3️⃣ CD leg The pattern is considered to be bullish if AB leg is bearish. The pattern is considered to be bearish if AB leg is bullish. AB leg must be a strong movement without corrections within. A is its initial point and B is its completion point. BC leg is a correctional movement from B point after a completion of AB leg. The price may fluctuate within that. B is its initial point and C is its completion point. CD leg must be a strong movement without corrections within. C is its initial point and D is its completion point. ❗️ABCD movement is harmonic if the length and the time horizon of AB and CD legs are equal. By the length, I mean a price change from A to B point and from C to D point. By the time, I mean a time ranges of AB leg and CD leg. If the time and length of AB and CD legs are equal, the pattern is considered to be harmonic, and a reversal will be expected from D point at least to B point. 🛑If the pattern is bullish, stop loss must be placed below D point. 🛑If the pattern is bearish, stop loss is placed above D point. Initial target level is B point. Usually, after reaching a B point the market returns to a global trend. What pattern do you want to learn in the next post? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
10
BITCOIN TECHNICAL ANALYSIS IN THE LONG TERM (SHOCKING REVEAL)The total evaluation for BTC chart is bearish. Please be mindful of your risk management as we are, despite the momentum of the bearflag or rising wedge, is still magnanimously bearish overall. This corresponds very well with my NASDAQ chart that you can see in my profile. I am thinking that even if we push up for one last market maker fake out, 26,200$ is the final fake out WITH RESPECT to the monthly resistance trendline. Question is, can this be broken? Absolutely, however until then we have to stick with what we have displayed in our computers telling how bearish the market is. Do not forget to like, follow, share and comment so I would know what you think! Thank you everyone. :)
INDEX:BTCUSDShort
by Wamses
POLKADOT PERSONAL ANALYSIS IN THE LONG TERM (SHOCKING REVEAL)The total evaluation for DOT asset is bearish . Please be mindful of your risk management when it comes to buying at certain level. It is truly key to recognize designated levels at which volume and trading activity can be found, I have already provided you with the volume profile on the left to assess your judgement. The green line as it shows is a representation of market structure activity that truly respects the descending triangle , however any move significant enough to breakout and confirm its stand outside of this is more than welcome. Hey, no one wants crypto dead you know! However, until then, I will short every rally in accordance with the November 2021 trendline and descending triangle trendline. You may save this chart for future reference. Bookmark it! Do not forget to like, share and comment :D -- Come back here again when it plays in our favor or not!
Short
by Wamses
1
ETHEREUM - 2000 or 700?COINBASE:ETHUSD seems to be in the final stages of this correction. It mightve already topped out if we look at the Monthly AI or there could be one more high up towards 2000 to complete multiple patterns and the 382 from the April 3 High. Weekly AI has a High/Low late on the 9th of August. Keep an eye out for this to play out. If we are at a high then we will look for short opportunities and if its a low we will look for longs. A different look at the market. I hope this helps. Enjoy the week. 👍👍
COINBASE:ETHUSD
by L_F
1
ETHUSDTHello my dear friends I'm not very familiar with harmonic patterns, but according to price action, the price should enter a very quick correction. It must be released from this state of compression. If we want to look at the chart from a different point of view, it seems that if the price range of $1,655.52 is completely consumed and the first target of the pattern is hit, by observing the loss limit, we can reach the specified range (1,726.24 $) enter into the transaction. We would be happy to hear your comments
Short
by FiboTech
BITCOIN - Possible Top Saturday??COINBASE:BTCUSD is still edging higher with now real confiction. Im thinking we are coming to the end of this rally. If we take a look at the AI for this week then we could see this have one more rally into Sat evening or has the high already been made just shy of 25k? There are a lot of unfinished patterns just above 26k with multiple ABCDs and the 61.8% level from the May 31 high @ 26700. Some things to watch over the coming days. Enjoy the day. 👍👍
COINBASE:BTCUSDShort
by L_F
1