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Correction

Bottom found for bitcoin Final too I see and expect 30-35K at least for a long drop. Feds are still raising interest rates but will do 1 more in May. The economy are feeling the pressure of the inflation but very shaky; Unemployment is nearly almost 5 percent but might expect to hit 10 percent as the recession are coming hard landing; something bigger going to break but buy Bitcoin Wisely, choice hard to sell the high and buy new entry with big money until bitcoin hits the bottom. Russia and China teamed up in Ukraine even Belarus just made a nuclear threat.. World War 3 will start soon and big feeling Putin will start it off using nuclear weapons. Wonder what will happens next it is coming closer than we think will be. Now the news out of the way .. bitcoin is near at the resistance if it breaks out it will not go fully as we speak because the Feds still needs to finish the job to bring the inflation down. Bitcoin has to hit 30-35K in order to complete the correction and will expect Zig-Zag bearish structure and sideways consolidation; * HINT,HINT* bitcoin will forcefully collapse to drop down into a recession. Bitcoin bull run won’t start until 2024 and until also Feds finish the job. Bitcoin halving takes place in 2024 of April. Short buys and sells will still on a go ; trade safe and economy isn’t really in a good shape.
BITSTAMP:BTCUSD
by JoyBoyVegae
2
Short Term - Navigating Potential Correction and Managing RiskOver the weekend, I've been analyzing Bitcoin's performance, seeking to determine its next market move. Similar to my view on the S&P 500, I believe that Bitcoin is due for a correction in the near future. It's possible that we could see a spike to $30,600 or even slightly above before experiencing a larger rejection. This level represents an equality target based on my wave analysis. While it would be an extended move, I'd assign it a 40% probability of reaching that high. If Bitcoin does approach $30,000, be prepared for a swift spike, as numerous stop losses could be triggered at that level. Following a rejection, we can expect Bitcoin to revisit the 200-week moving average, currently around $25,000. It's not unusual for price action to oscillate around this crucial indicator. A drop from even our current levels to $25,000 represents a $2,500 move or roughly a 10% decline. While entering high-leverage short positions on Bitcoin futures or perpetual swaps might be tempting, it's essential to manage risk wisely. I personally liquidated (note: sold to cash) a portion of my BTC holdings at $28,000 last week and plan to wait for a significant pullback before re-entering the market with those funds. As for the much-anticipated altcoin season, exercise caution and consider reducing risk in this area as well. It might be prudent to take some profits now and look for re-entry opportunities when Bitcoin eventually corrects. Remember, market conditions can change rapidly, and it's essential to have a well-thought-out strategy in place. The current Bitcoin market outlook suggests a potential correction in the near future. As always, it's crucial to manage risk and avoid overexposure in high-leverage positions. Keep a close eye on market movements and technical indicators, and make informed decisions based on your own research and analysis. Please note that this analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.
BNC:BLX
by bitdoctor
AUDJPY I Safer to wait for the short 🎯Welcome back! Let me know your thoughts in the comments! ** AUDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
10
Cardano (ADAUSDT) and its Potential RecoveryCardano (ADA) is a decentralized public blockchain and cryptocurrency project, built on a proof-of-stake consensus algorithm called Ouroboros. Since its all-time high of around $3 in 2021, ADA has experienced a significant downtrend, reaching lows of about 24 cents. The combination of a declining asset and declining Bitcoin (BTC) creates an ideal environment for a potential reversal. I will examine the possibilities of a Cardano recovery within the next few weeks, using technical analysis tools such as support and resistance levels, Fibonacci retracements, and Elliott Wave Theory. Key Levels and Fibonacci Retracement Analyzing historical price data reveals key support and resistance levels that can provide insights into Cardano's potential price movements. The 23.6% and 38.2% Fibonacci retracement levels are noteworthy in this context. While the $1.16 level is a significant resistance point, it is unlikely to be reached this year. The current target for an exit point in Cardano is around 60 cents. Although reaching the $1 mark is possible within 2023, it is more likely to occur towards the end of the year, if at all. It is essential to evaluate the market one day at a time and keep a close eye on Bitcoin dominance. If Bitcoin dominance drops significantly, this could create the perfect storm for altcoins like Cardano. Bitcoin Dominance Support The support level for Bitcoin dominance currently stands at around 40%. If Bitcoin dominance begins to fall to this level or break below, it could signal an opportune moment to stay invested in altcoins such as Cardano, and potentially delay selling until Bitcoin dominance finds support again. This shift in dominance could lead to substantial gains for Cardano and other altcoins. Elliott Wave Theory Perspective From an Elliott Wave Theory standpoint, Cardano's price movement appears to be corrective so far. To confirm an ongoing bullish wave 3, ADA would require a significant push to the upside. Traders and investors should continue to monitor the market's behavior, especially around key dates such as the full moon on April 6th, which could potentially impact market sentiment and price action. The Elliott Wave Theory also offers valuable insights into the potential for a bullish reversal, but it remains crucial to monitor the market and adapt strategies accordingly.
Long
by bitdoctor
4
USD/ZAR Price Turns BearishUSDZAR Has been in an impulse phase and it has been completed with no rules violated. We are in the bearish phase of the market, we have two counts going on where it could be an impulse in the downside suggesting a long-term sell-off or a short-term sell-off as a correction meaning we are trading in a wave (C) instead. The idea of an impulse is a little complex but the idea would be to trade a wave 3 looking at the retracement it would make sense to target the 2,618. Correlating this pair to USDCAD we are more likely to have long-term sells but keeping an eye on the price level where a Zig-Zag pattern completes will be very important.
Short
by Weshareio
1
Fed Will Try To "Save The Day", But To No AvailRegarding my post back in November 2022, we couldn't even muster the strength to get to 4,300. Let's face it, we're in rough shape. The Fed will try a few emergency tactics here in the coming weeks which will likely give us some relief in the near-term but the writing is on the wall. One last suckers rally so the sharks and whales can absorb some of the tax refunds coming this season then as we head into May it's looking bleak. Big head-and-shoulders forming, let's see if it plays out...
SP:SPXShort
by GunMoney
USDJPYHi USDJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
USDJPY More Downside Potential, Wait For Sell Setup USDJPY has been pushing down since it hits the previous highs to form a double top. With a ascending channel correction, price indeed reversed down impulsively, and form continuation correction along the way. Bow that we have push down more, and another consolidation has formed, usually give us a indication of more downside opportunity. Wait for current correction to complete to push the price down even more to previous lows.
Short
by jojofang0901
8
Patterns, CME Gaps & Golden Pocket RocketCheck notes on the chart. 1) Bearish Rising Wedge 2) Descending Triangle 3) Ascending Triangle Expansion Creating CME Gap, aka Futures Liquidity Gap. (These almost always get backfilled.) 4) Current Pattern, Bullish Ascending Channel. We had a fake out to flush the longs, and create liquidity, and to backfill the CME Gap. All other narratives are fun stories. We have since course corrected violently, failing to break out of the previous range, creating a Swing-Failure , which is locally bearish. This likely retraces to 23k, before a continuation higher to fill the next CME gap around $27,355 and $28,740 .. of course some profit taking, or other exogenous events such as the indexes falling could correlate with some pull backs, but ultimately I'm expecting 35k to fill this year. Strong resistance there, likely to struggle to get above. If it does, the next gaps that could be liquidity grabs are $45,000-$46,500 $52,500-$53,500 I don't believe we see a new ATH this year or next. 2025 is my target for ATH, which I believe we be a minimum of 130k and a max of 180k. I will scale out of positions between those two prices.
INDEX:BTCUSDShort
by TheTraderAndy
1