averkie_skila

averkie_skila

Hi. As usual, I am looking at the SPX to understand the underlying market sentiment. It should drop lower. We have some symptoms on the 3 day chart. I can only imagine the bloodbath that will ensue for altcoins. We will talk a little later about possible consolidation levels.

averkie_skila Updated 

Hi all. I held a short position on Ethereum for three months (July-October), which gave me just a zero sum exit. It's already good that I wasn't liquidated. But I didn't earn anything on that trading pair. I am still considering entering a short position on Ethereum and I still have the same opinion about market situation. The market has not exhausted its...

averkie_skila

We go down further. This is normal. There is no catastrophe. Peace.

averkie_skila Updated 

Hello, everyone, who earns this hard bread. )) So, we have formed a triangle like this (many respected traders have noticed it). Now ask yourself, why should the manipulator allow to open someone large short right from this point, if it is so obvious? But at the same time, we see all the weakness in the market, not allowing us to say that the true bottom of the...

averkie_skila

Look, right now it's more honest to say that there is no objective process here. If anyone thinks that Ether has confirmed the level, they are deeply mistaken. Yes, it could be led upward short-term (to diagonal resistance). But it can also fall from here straight through the level.

averkie_skila

We turn on 3-day chart again. We have a fresh red dot of a falling volume flow. We have a lowering of the Stochastic peaks. We have a very clear picture on Ichimoku clouds. Sometime during this month there will be a red candle down. Probably first to the 17,000$-16,000$ level. But of course later it will go lower.

averkie_skila Updated 

I don't trade indices, but I have to look at SP500 to see where the wind is blowing. Yesterday's market bounce is only due to the fact that the FED raised the rate to 0.75% points, not 1%. @CryptoKnee great reviewed that every FED meeting ended with a SPX jump, which collapsed within days. Meanwhile, we have a sign that wasn't there in '19 and '20, 50/100EMA...

averkie_skila Updated 

Ether is about to go down. The big long-awaited events won't help.

averkie_skila

I'm looking at a lot of predictions predicting a hike upward and I don't understand a thing. What are you people talking about? Well we will have to open the 1 week chart. Next one or two week we will get a cross of EMA 20 and EMA 200... For the first time in the history of Binance trading (since EMA200 did not form on this timeframe until June 2021). Those who...

averkie_skila Updated 

Hi! As you can see, strong candle of dominance pushed away from both the support and resistance lines. All indicators I need are pointing to a hike to the upside. I still consider the most important point of this move to be 51%. I am ready to say anything on the other targets only after it reaches this point.

averkie_skila

Let's look at the three-day graph again, but include Renko chart? That's right, the next square is red.

averkie_skila

We have a breakdown of the EMA200 (and a rejection of the Kumo red cloud). Falling stochastics. The first serious resistance is ~$86.

averkie_skila Updated 

If you want to make a trading soup, put one part SPX in the chart, then take out and put US10 TREASURES, and after that pour in more crude oil and throw in a good handful of XAU, at the end add 1 bitcoin for flavor. After the soup has simmered a bit, set a weekly timeframe. Voila! Our soup shows that today will be the first closed candle under EMA200 for the...

averkie_skila

The coming fall will be a time of strong strengthening of the dollar. This is logical, given the state of the markets. You know, yes? Bitcoin is sneezing away from this.

averkie_skila Updated 

The bitcoin dominance graph looks very strange. I think the reason for that is that a huge number of hands bought Ether hoping that Ether 2.0 itself would immediately pump up its price. That's why everything looks so unnatural, it's hard to predict anything. We have a candle and some divergence. It should start to rise.

averkie_skila Updated 

It is a sideways movement at the end of which is already very soon a death cross of EMA100 and EMA200. As many have already noticed here, there is also a bear flag on the smaller timeframes.

averkie_skila

Yeah, we have a wonderful situation. The candles have fallen below all indicator lines and below the cloud. The red dot on the volume flow indicator has been there for days. Now we have a gray cross on the SQZMOM with the indicator being in its bearish half. At the very least it is a test of the lower boundary of the old downward channel. And then lower still.

averkie_skila

Look at this curious pattern. The Volume Flow Indicator has been in bearish territory for almost exactly a year in the past two crypto winters. In 2015 and 2018. If we apply this principle now, we can expect some first positive movements in late winter 2023. About a year.