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Bitcoin Bears Roar: Flagging Down to $52K? 🐻📉📉 Bitcoin Analysis: Rejection from Bear Flag Pattern on 4-Hour Chart 📊 Analysis: Bitcoin appears to be rejecting from a bear flag pattern on the 4-hour chart, indicating potential further downside. 💲 Current Price: Bitcoin is priced at $64,100, showing signs of downward pressure. 📉 Measured Move: The measured move of the bear flag pattern points to a target of $52,000, coinciding with a .382 Fibonacci retracement level. 🔍 Invalidation: Invalidation of the bearish scenario would occur if Bitcoin breaks decisively above the upper boundary of the bear flag pattern and establishes a new uptrend. 🛡️ Risk Management: Implementing risk management strategies such as stop-loss orders and position size management is crucial in volatile market conditions. 🔄 Stay Updated: Market conditions can change rapidly, so it's essential to stay updated on price movements and adjust strategies accordingly.
INDEX:BTCUSDShort
by Shibunacci
Ethereum (ETH): How Far More Will We Dump? Ethereum's price action on the 4-hour chart presents a pivotal moment for traders. Following a recent downturn, ETH has the potential to move towards the critical support zone around $1950–$2010, which previously sparked a rally. Currently, as we got rejected from the upper zones, we are looking at how today's daily candle will close, so we have a better understanding of the current market situation! If nothing changes and we do not break from the upper rejected resistance, we will most likely move towards the $1950 zone, which last time acted as pretty good support!
Short
by SwallowPremium
4
Ethereum involved in technical patternsIn the previous analysis, which was in the daily time frame, I expected it to move up to the range of $1925. Even the momentum was helping the price. On the same day, it climbed nearly 2% to our target, but for whatever reason, the price returned from the $1902 area. Rejected in such a situation to check other patterns, we have to check a lower time frame, that's why when I look at the 4-hour time frame, I see that yesterday the price was rejected again from the same area and somehow a new resistance was formed (double ceiling pattern). In order to reach the goals of the daily time frame, we must check if the price can break the said resistance in the 4-hour time frame. Small movements are part of the big movements
by siyamakdarkale
SPY Weekly 01/13/2023 Testing TrendOn this Weeklty SPY ETF chart (SP500 Proxy), we see the upper trendline on the bear trend (yes i made it green sorry) is being tested and spiking it again. This has repeatedly resulted in a rejection. CPI came in sorta inline which gave a little boost this week, but bank earnings disappointed when you look in the line items of the reports. This is an inflection point for markets. PE dont support these levels, so I am in the bear camp and do expect to see low 3200-3300 SPX by middle to end of 2023. I have to add that I do find the fact this last rally started before retracing to lower trend, and now looking like a cup (maybe building a C&H?), we need to watch that as well.
AMEX:SPY
by Markets-Sniper
2
‘Max Pain’ Bitcoin Faces $9,100Since the asset has maintained its position of over $18,000, it has fallen by more than 6% over the last week. When Bitcoin reached a peak of $20,071 on Sunday, the bears firmly rejected the recent gain. The Federal Reserve's aggressive rate hike campaign worsened the previous decline. Since then, BTC has fallen precipitously, but it is still firmly above the $18.5k support level. At the time of reporting, the asset's price was $18,719, a decrease of 5.25% from the previous week. A well-known Bitcoin analyst believes that Bitcoin (BTC) has not yet touched the bottom because he predicts a drop to $9,100.
BITSTAMP:BTCUSDLong
by DEinvestment
Bearish Megaphone on the SPY - UpdateJust posting another update here on the SPY- Bearish megaphone is playing out as expected but also a very big week for the markets fundamentally & technically speaking. The SPY rejected its 200day SMA today while simultaneously forming a right shoulder to complete a head and shoulders (Bearish) on the weekly timeframe. Additionally, the SPY formed a bearish butterfly harmonic pattern on the daily timeframe. However, there does appear to be a smaller bullish falling wedge within the bearish megaphone charted above. As I see it, the SPY went to breakout from the falling wedge but got rejected by its 200-day SMA after Federal Chairman Jerome Powell stated that a 50 bps rate hike is "absolutely essential". Big tech earnings (AMZN & GOOG) have the potential to single-handedly carry the S&P 500 so will certainly be interesting to see the rest of the week as to what's to come. Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime, bearish and hedged- (Previous Charts Attached Below) --Previously Charted--
AMEX:SPYShort
by jacobosiason7
1
$SPCE Target 45.36 for 34.08% $SPCE Target 45.36 for 34.08% Next add at 28.48 (support) Looks like it got rejected and wants to test support again... ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:SPCELong
by SPYder_QQQueen_Trading
13
ETHUSDT was rejected from monthly resistanceETHUSDT was rejected from monthly resistance. The price tested 0.382 Fibonacci level, and now is testing previous 4h support. IF the price will break this support, we can see the price around 310$ According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
9
SHORT - ADA - Trading OpportunityFTX:ADAPERP has been rejected from the MA200 on the 4h chart multiple times, aswell as opening below the 6h cloud, honestly not seeing much hope for this one in the near future. Entry: 0.05678 Target : 0.05196 SL: 0.058155 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:ADAPERPShort
by ElMomento