BTC megaphone Elliot impulseHere we are ladies and gents the pattern we have been waiting for and for me personally what i think will be the decoupling of traditional risk assets and this good chunk of software.
I've been watching for anything that can come out of the wood works and i think we have found our area of capitulation. BTC hit the 50 EMA monthly and bounced right off that like a rubber band.
similar to what happened in 2020 and 2018.
Elliot impulse waves also seem to be at play.
i was looking for a decline to around the 23k to 25k area and it hit. theres a lot of things right now that is playing an effect on this though what i think could be the worst thing for the economy is higher asset prices and looks like we are going to get that both traditionally and non.
exciting times to be around.
That's all folks.
Tether
(Un)stablecoinsBe aware, there's a reoccurring theme in stablecoins lately, and doesn't seem to be getting better yet. Many crypto/assets are down more about 50% in a few weeks! Now would be a good time to partially close some shorts issued against stablecoins, or if you sold lots of crypto and hold stablecoins which are still lucky enough to be stable: USDT, BUSD, and a few small others. There seems to be a theme like falling dominoes of failing pegs, for various reasons, including a combination of cyclical pressure, delays in peg liquidity, activist traders, and others. In all the panic and crazyness, a decent short-term long entry is not out of the question if you are into swing trading. I don't want to know will happen if USDT breaks more than a few percent away from the peg, though. Does that mean the dollars are useless and suddenly assets become a good hedge again? Or does everything become worthless?
There's risk everywhere and it's often worth waiting. We DO NOT know if it's about to get much worse or not. It's hard to ultimately judge upward/downward risk with such volatility. We could be at the beginning of capitulation or near the middle, but I don't think we are near the end yet. We shouldn't assume it will simply go up if we decide to buy it simply because it's cheap. I'm seeing risky long-term longs until at least June or July. Historically it's not safe to buy a falling knife like this unless you like serious risk, and I wouldn't automatically assume the general market is oversold enough to recover yet, even though it looks oversold.
Hopefully this raises some macro awareness if you didn't know about this crazy situation!
Let me know what you think, and I hope you weren't holding too many UST.
Good luck and don't forget to hedge your bets.
USDT.Dominance (Y22.P1.E3).Bear market rangeHi All,
I have been watching this for some time as a signal.
I always thought if it breaks the upper level, that is confirmation of a bear market.
Question is now, how much of a bear market.
A measured move based on this structure can be to this box range.
Either a cup and handle target or a triangle target, either way, they have not reached their targets yet.
Looking at the RSI, this does look like a major drop and capitulation on the way.
All the best,
S.SAri
The first micro or local target has been reached.
===========================================
just as predicted what we thought about #usdtdalright guys we reached the exact point in #usdtd and the thing that I know about this chart and I'm warning you about is this, if #usdtd would be detecting the exact point that I've been marked on the chart on about 5.11% then these green candles would be the last chance to cash your portfolio, i repeat if there would be detection on 5.11% ( by the detection I mean "reaction" )
so if you are a scalper you know what to do and I guess you already have your long positions have been filled down there, but if you have anything in loss, try to decide what exactly you wanna do, keeping your portfolio and whatever it in clouds for weeks, months and maybe years?
and please notice that this is just an idea and try to make your decision by yourself, because this is the market and whatever can happen on a chart, will happen.
the main idea about these words is "these green candles will not last long"
#stay #safe
The Last Stand for Bitcoin📆🟡 BTC/USDT (BITCOIN)
📊 Time Frame: 4H
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Bitcoin is trying to hold the last local support at 3000$ and I think finally it will be break. Bitcoin needs to hold above 34000$ then we can see a movement to 39000$ (IN ORDER TO GATHERING LIQUIDITY).Lots of longs liquidated below 33000$ and many Stop Loss already hit. Now there are many sorters in the market and liquidity is around 35000$ and also CME gap is at 35000$. So I expect price to pump around 35K$ in next few days. Not even single good news affect on bitcoin price positively because of global tension in the market.
all right let's take a look at #usdtdjust as I tolled you #usdtd is very #bullish lately and as I said in a previous analysis about #usdtd that you can easily find on my #tradingview #profile, I already said that it can choose the #red arrow to rise and make the market in #blood, so for the last time to describe what exactly #usdtd doing, I guess there will be a #pulback just as #red #arrow showing us, and if there would be a # reaction like #red #arrow shows, then we are going to have low priced #bearsish market for #weeks and #mounths or maybe #years!
so try to manage the risk of your positions that you have, course for those who followed the previous analysis about the market on my profile lately you are probably out of any positions right now, and if you have any positions, you have the exact #short position that I mentioned previously!
#stay #safe
Tether on the strong sell zonecrab harmonic pattern:
X=%4.15
A=%0.31
AB=0.61 XA
BC=0.38 AB
0.78 BC=%1.36
0.88 BC=%1.45
0.61 XA=%1.53
1.41 BC=%2
1.6 BC=%2.27
0.78 XA=%2.38
2 BC=%2.87
0.88 XA=%3.08
2.24 BC=%3.32
2.6 BC=%4.19
1.13 XA=%5.81
3.6 BC=%7.75
1.27 XA=%8.41
4.23 BC=%11.33
1.41 XA=%12.04
1.6 XA=%20.69
APE oversoldAs you see in my chart, Ape is at the bottom of my channel. This is an area I’m actively accumulating. MACD and rsi suggest Ape is in oversold territory. A break below this area would likely push ape to the $12.50 range, then a test of the $10 range. If it manages to build momentum the next high could be in the $40 range.
USDT Dominance The resistance will break !?. USDT.DHello my friends, This is an update of previous analysis (blow link). Consider USDT market cap to help identify market movement, Everything is marked on the chart. Good luck.
If its useful please like it as a support and follow me for next analysis :)
USDT dominance (Y22.P1.E2).BTC dump scenarioHi All,
#USDT dominance is a good indicator for crypto in general and BTC more importantly.
I have successfully used this in the past and will be tracking this closely.
The current tether dominance structure supports the potential for a deep correction or pullback.
Either inverted head and shoulders or wyckoff distribution schematic.
We can see the main resistance preventing this and if this was to break, it would likely play out.
Please give me a like and share.
Regards,
S.SAri
USDT.D ADVANCED ANALYSIS!!!Based on the rules of the price action, I can see that the USDT Dominance is making some lower highs and is shifting the trend from side range to the bearish one. So the crypto market may have some spectacular pumps (it is highly possible. because some short positions should be stop hunted...)
Bitcoin / crypto in trouble Bitcoin so that means all crypto is in trouble
Macd weekly rejected
Bitcoin was held up by China ( now banned)
Tether ( they printed and printed to certain leverage exchanges) that’s stoped due to sec investigations
Don’t believe the “ covid , and war” comments from idiot YouTubers, yes it does not help but allot of the upswing was down to China and tether manipulated exchanges
Can’t see a way back here for a while
AAVE vs Tether Breakout Point... Can Be Anything...Here we have AAVEUSDT on a very tricky spot.
It just came out of a descending channel and is trading above EMA21/EMA10 with a strong RSI... But there is no volume...
I just shared a chart for TOTAL and BTCUSD with some early bullish signals developing...
If the bulls follow up, we can also see AAVEUSDT/AAVEBTC grow.
But if there is no follow up, this pair and all others are likely to move lower rather than up.
Here we also have prices trading above the 0.618 Fib. retracement level for the last bullish wave.
But there is no way to predict what will happen next.
Trading is very easy though...
We buy with a very tight stop-loss...
LOW RISK, WITH HIGH POTENTIAL FOR REWARDS.
This is not financial advice.
Namaste.