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Crash

NIFTY bad news on the way?harmonics.app www.investopedia.com Read and learn about these topics its very useful Check out the recent Gartley on BTC that played out perfectly. How is this supposed to move? when everyone is bullish on the trend line break im expecting a bad news to pop up and taking market all the way down 16% completing the gartley. Do not blindly take short at that level (its risky but stoploss will be at 1%), instead follow a supertrend or some other trend reversal strategies at this level. Do not open a long at resistance.
NSE:NIFTY1!Short
by phenodev
DJI: Get ready - probable trend change for the southSee the video. No more hear on the video. I'll just share my opinions, which is not advice. The DJI proves me more wrong more times than I am right. So what? The issue is about limiting how wrong I am - not how many times I am wrong. New traders - and I was one - struggle to get that idea right. Why? Because in ordinary life one is praised for performance by how many times you're good. Well in trading it's very different. You can be wrong far more times than you are right, and it wouldn't matter. How is that? It's because you limited carefully your loss on the many occasions your were wrong, and you really milked it when on the occasions you were very right. In the end a sound trader in any methodology will find that profitable. Methodologies don’t work 'for you' - get it right; you work the methodology. That means a high level of discipline - which normally comes after much pain and loss. I never avoid talking about losses, because it is 'the most important thing' to control. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
2
It's Time To Pay Attention - Crude Oil + SPXThe last time stocks and oil prices started performing like this for months on end was prior to the 2008 financial crisis. If Oil prices have already topped, does this mean a precipitous decline is soon to come? Or, will markets simply shake this off? Not so sure. Inflation encourages people to return to the workforce, and even work multiple jobs to stay afloat. Will this be enough, and will things just sort themselves out? The yield curve just inverted, yet many investors are still assuming there's more upside to be hard, even if a recession is on the horizon. Just as I'm not so sure, the market doesn't appear to be so sure either. This is a uniquely confusing environment. So, what do?? Zoomed in, you can see that as Oil rose in 2008, markets had already topped out. The stock market decline only accelerated once Oil itself topped out. Once oil bottomed, that was when stocks finally reversed back to the upside: Zoomed in during the present, this is what could happen if history repeated almost exactly. Things are unlikely to play out this way, but this is all speculative anyway. I find this pretty interesting: Another question - will Gold continue to hold as a market hedge in this environment. Looking back to 2008, Gold performed against the market as it declined. Once Oil topped, Gold declined initially with stocks but then recovered and broke out much faster: Present day with speculative trajectory: What's also relevant to note is that cryptocurrencies have NOT been correlated with Gold, but with traditional markets. This presents evidence to show that Bitcoin is not operating as a safe haven asset, while Gold is performing how it has in the past. We could be catching the market at a moment of complacency. Things seem to be shifting in a positive direction in Ukraine. Biden has unlocked oil supply reserves to keep prices low in the US. COVID seems to be having less of an emotional grip on certain populations. Stocks have roared back, memes are printing, Ethereum is gonna hit $10k; markets are invincible. Not even nuclear war could send them spiraling, right? Well....history tells us that things can turn at any moment, and it doesn't have to be the result of a particular event. Eventually, put society through enough stress and something has to give. A volatile, uncertain market increases the probability of rash, irrational decision-making. Linked below are some of my previous posts that present some thoughtful, in-depth analysis on the potential asset/debt bubble. Call me a permabear, but I'm really not anti-growth. I'm also not completely anti-capitalist, as I think people need to be able to exchange goods and services in order for society to sustain. But I AM anti-neoliberalism, which is a certain KIND of capitalism that encourages exploitation, and it does not make the assumption that all participants are useful. Not gonna lie, things have gotten better over the 20th century in terms of our average quality of life. But since things have changed so quickly, and out biology/emotions have yet to adapt....I think we're headed to a pretty dark place if we cannot take a pause and slow down. If anything, I don't think we can see healthy growth for humanity into the remainder of the 21st century without a re-evaluation of our priorities. And I do not think this is possible without a major market shift. If markets really take a turn for the worse - meaning a multi-year bear market - what does the government do? Many people's retirement accounts will be wiped out, so who do they turn to? They must inevitably tax the wealthy and corporations quite heavily, if they want the society to begin a new broader economic cycle and start over again. We've seen these before. The wealthy are the ones who need to invest in the future, rather than hoarding. This is just my opinion, and should not be taken as financial advice. -Victor Cobra
SP:SPXShort
by VictorCobra
4
The Greatest Economic Collapse Is A Year Away!hello everyone, for several months i have been warning you guys that a possible economic collapse is going to happen... ive made posts in the past talking about this crash and how 36k will be the top! we are seeing price consolidate around the 36k target meaning it could be ready to come down! if you want to look at those charts i posted, feel free. i also made a 120 page white paper talking about the economic collapse, feel free to check it out here: docs.google.com one major key indicator i talked about in this paper is the yield curve, the yield curve has predicted every single major stock crash, here it is now: as we can see, everytime it goes into negative territory the yield curve inverts, meaning the 2 year bond rate is higher than the 10 year bond rate. this means that investors think the economy will slow down and dont think we are in a good shape in the longer term. we have seen this happen before the covid crash and before the housing crash... now we are seeing it again. there is 1 problem..... we arent in the best situation for anothe crash. right now we do have interest rates nearly at zero meaning if markets do crash lowering interest rates wont help anything. here are interest rates vs yield curve: we can see the yield curve inverts everytime intest rates get raised. we did see a rise in interest rates but it wasnt all that much. brining interest rates higher will just make the future crash even worse. we can see on the chart above that intrest rates are usually high when the yield curve inverts, but this time..... i truly think the fed has lost control and wont be able to help America come back from this next crash. i think we will see a crash like no other. we have seen crazy money printing over the last few years which will cause hyperinflation! i expect inflation to reach well over 30% in the upcoming years; if you want ways to battle inflation i due recommend you reading my white paper (link at the start) there will be other things happening due to this huge crash including: riots, famine, panic, etc.... if you want all the senarios that will happen do read my whitepaper since i think your life will depend on it.
U
by r2d22010
ETH BEAR FLAGI think this is the top and now down we go market wide. Bottom mid summer and then record high for ETH and BTC, ETH may still hit 3500 this week but I think it will fall by this weekend or next week. Tradable shorts only at this point until it hit's bottom, and that will be a great entry point for any long. I don't like the low volume yet price getting pumped, Never a good thing. I also see next year or 2 a world wide crash from all markets. The great depression of 2024 is well in the making, Covid, War, inflation, cost of living way up, supply's way down and no end in sight until 2025 or 2026. Play it safe and never invest or trade what you can't afford to lose and never take anything I say or post as financial advice. I am only sharing my thoughts and what I see. Good Luck, Crazy times we are living in.
COINBASE:ETHUSDShort
by bigfootInvestments
5
IMPORTANT TO WATCH FOR THE WHOLE CRYTPO MARKET!!!THIS IS REALLY IMPORTANT. I would like to show you this analysis of the entire crypto market. As you see on the chart, I have drawn an important zone: The Golden Harmonic Zone. This zone is based on the AB=CD patterns, as you can see there. What is very important is that if that zone that is there, fully gets respected, then that area could be the high for the next few weeks if you expect an even longer bear market (possible crash). If you would see this as a short setup, you would have to wait until she respects that golden zone and then go below the 1.965T mark with a daily candle and we close below it. THEN YOU REALLY HAVE TO BE CAREFUL BECAUSE GOD WHO KNOWS WHERE WE ARE BEACHING DOWN. If that happens, it is better to take short positions. Remember: buy low, sell high. These things are the financial markets: everything could happen and can be possible! KEEP IN MIND: THIS IS A BEARISH PERSPECTIVE/SCENARIO OF THE MARKET. NO LONG SCENARIOS HAVE BEEN COVERED IN THIS ANALYSIS!!! 𝘼 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚 𝙬𝙤𝙪𝙡𝙙 𝙗𝙚 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙚𝙙! Thank you and have a good one
CRYPTOCAP:TOTALShort
by TimerofMarkets
2
SPX at critical resistance point right now.Just a very quick TradingView exclusive update on the PSX. Today we are at a critical point and i believe it is more likely this creates selling pressure to at least visit the 100-day MA before continuing a decline. this could be a slow decline or very fast if we head into a crash. We need to be watchin if the FED reverses policy which they may not considering inflation. There is a Russia scape goat right now though i could see as a potential to be blamed for many of our own politically stupid economic moves over the decades. If the FED turns around, starts printing, lending increases, government spends like drunken sailors, expect the SPX to rise nominally but he question becomes, what does it buy you? if those things increase at a faster rate when what does the stock matter? i think commodities are going to win in this long term inflation battle along with this war happening. At least for now as government could create rationing orders that could smash profits from companies and even put them out of business. This is going to be a wild next ten years. Stay Classy TradingView.
SP:SPXShort
by DefyingFinance
BITCOIN BREAKOUT?! OR CRASH TO 30K?! ALL RANGES!Hey everyone Today i show you my Bitcoin Daily Chart Analysis. In this chart you can see THE most important support and resistance we currently have on Bitcoin. Since December 2021 Bitcoin broke down the big bullish uptrend and since then we are down almost -40%. In my opinion Bitcoin is NOT bullish until we not breakout $44500 - $46000. That breakout would confirm a pump to $50000 area which you can see on the chart. If we even manage to breakout $52000 - $53500 im really bullish on BTC and expect at least a rise up to $60000. Overall i think we will see a breakout to $52000 - $53500 and then a dump back to even $30100 - $28500. What are the important areas we have to watch on BTC? - from $65000 to $69100 - from $52000 to $53500 - from $44500 to $46000 - from $28500 to $30100 - from $21900 to $24300 Is there a way to trade all the ranges? - Yes. A good opportunity to Short Trade BTC is from $52000 - $53500 - Aswell a Long Trade on BTC from $28500 - $30100 I hope you guys like my idea
COINBASE:BTCUSDLong
by MM_TRADEZ
Sell off might start again today ??Hey Guys, So last trading idea played out perfectly and we have had the rally expected and the first point of major resistance has no been reached. The US100 has rallied extremely hard to flush out all the Puts on the market expiring Friday and had pushed the RSI on the hourly to major overbought readings. This reading and seeing we are at a strong resistance (past price action, 50 MA, Fib level) I see us sell of to at least cool off the overbought signals. The VIX is also giving us a clue with it pulling back to the trend line set out last throughout the last few rallies (chart Below) . My first target is the 13900 level as we have the Fib level with previous price action showing resistance and support here with it being so close to a solid number of 14000 if it broke here then that would be a major sign the market sell of continues. I dont know if that will happen though and could also seeing us just test the 13900 before bouncing higher and falling off later in the year to line up with seasonality. Will have to see closer to the target. Fundamentally, with the FED still tightening and even keeping the door open to raising rates faster then .25% each meeting and running off their balance sheet more pain is to come. Reinforcing this will be the next few month Inflation Data, these should be quite high giving the commodity boom and now China COVID outbreak again stressing supply chains and adding cost.
UShort
by jackwheeler
LAST US100 LONG FOR NEXT WEEK BEFORE THE BIG DROPHello traders, Following my Elliott Waves analysis, we can tell that we are in the Wave B of the C for the first down trend correction of the US100. In my opinion for the last long: - We are going to reach for the first objective 14482-14572 before dropping (which is the 123%-127% of extension) of the green ABC of the Orange B. - The second objective, is at 15036, which is the 161%, but it is less likely to reach it...we never know with the volatility of the US100 After the objectives reached, we willl be dropping to: - My strongest objective which is 11731, for the 113% of extension of the purple ABC, which is also the yellow 50% objective of the entire IMPULSIVE wave since COVID-2019 crash. (see the red 38.2% objective that have been respected)
N
by ModTrades
Bitcoin 2021 Bear MarketThe current Bitcoin sentiment is very bullish, the majority of people are expecting the new mega bull run to start now, and are laughing at the idea of prices below 6k (hell, they are laughing at the idea below 20k too). There are 3 main features of any market peak: Good News (PayPal and Banks started to use Crypto, institutions buying crypto, etc) Parabolic increase in price (just look at the chart) FOMO / People irrationally bullish (We got that too) I am expecting the bottom to hit around the end of 2021 / early 2022 at $2,400 . If the drop takes too long to happen, BTC can make a higher low (6k-ish). Timing will be key here. You may be thinking that 2.4k is absurd, but aside from all the Elliott Wave and Fibonacci calculations I used, let's have a look at the underlying psychological aspect. Around late 2017, the masses were exposed to Bitcoin. This is when the major hype began. Tons of people have been opening longs during the last 3 years while Bitcoin ranged sideways with fake FOMO rallies, further accumulating the retail longs. Now, you gotta ask yourself - if the masses are opening longs, and the price will indeed rally now, who is going to pay out their profits later? The world just doesn't work that way, there's no free money. Which is why, I believe that all those retail 'investors' that bought Bitcoin for the long term, and have been very patiently waiting for the bull run - are going to get liquidated once they see new lows.They will simply lose it, sell everything and proclaim Bitcoin a dead scam. If your argument is that "institutions are buying BTC", then all I have to say on the matter is: They are most likely hedging even bigger shorts in private, leading the masses onto the slaughter to profit in billions from it. Remember, they aren't here to make you rich, they are here to make themselves rich. Once Bitcoin gets rid of the extra baggage (those longs accumulated over 3/4 years), it will proceed with the great bull run of 2022-2024, reaching $100,000 and more. Now, of course, they can't just crash the market without an excuse. Which is why the media will probably blame COVID-21 and/or Tether imploding. -Hawk If you are interested in more frequent analysis, feel free to visit the Alien Crew Discord community, link below.
BITSTAMP:BTCUSDShort
by Alien_Algorithms
17
The predicted market crash... Can it get any worse? Yes!The predicted market crash... Can it get any worse? well, yes! •Short since $4731 (closed some of my shorts today)↘️🔻 written on: 19:16 Thursday, February 24th, 2022 Central European Time ( CET ) S&P 500 Index (and the entire market with it) The TA: We broke out of the rising wedge on the 18th of January. We retested the wedge as resistance on January 18th. The target price of the wedge breakout towards the downside was roughly $4111.96, which hit today. The chart has now formed a head and shoulders pattern, which we broke the neckline off today. We will probably retest the neckline. If we can't break that resistance, the Head and Shoulders is confirmed following a 3735 target. We also broke our long term trendline that we had as support since the beginning of the recovery of the 2020 covid crash (I will make a seperate idea on that one). The squeeze momentum indicator, by Lazybear just turned red and we have a bearish monthly MACD cross. •Almost every indicator suggests that we are overvalued in the long term. 94% correlation between the Nasdaq 100 in the 15 years to today, and the 15 years to 2000. The S&P500 shows a 95% correlation. We all know what happened during 2000s, the markets collapsed. shiller PE ratio is currently sitting at 34.27 on the day of writing this (the last time I updated this, it was sitting at 40.14 so it has come down a bit, but we still have a long way to go). The mean is at 16.92 and the median is at 15.87. 34.27/16.88*100≈ 203% 203-100= 103% This means that we are possibly 103% overvalued. •The warren buffet indicator is telling us that we are strongly overvalued. The indicator sits at a 195% Market value to GDP ratio. The exponential trendline suggests that a Market Value to GDP ratio of 120% to be fairly valued. We are 51% higher than the long-term trendline. (this was 71% the last time) What is going on in the world? •Russia vs Ukraine war. This is very bad news and I hope that everyone stays safe. Money is way less important then the lives of innocent people. No one wants war. The Russian index crashed 45%, before rebounding during the trading session. The indexes in Europe also got crushed, just like the s&p500. We recovered the losses in the late trading hours which is very impressive. •The number of Nasdaq stocks that have hit a 52-week low now dwarfs even that of the 2000 dot-com bubble and global financial crisis. It looks like the high multiple, tech stock bubble might have already burst. The s&p500 is just lagging behind and can go much lower then the current valuations. A ton of stocks; large or mid cap, value or growth have been absolutely devastated since I started writing about a crash: •The FED is going to increase its interest rates, because the inflation is getting out of hand. 7.5% is the highest we have seen since the 1980s. We don’t know the ammount and the number of times that they are going to increase the interest rates, but 50 pivot points in march looks realistic to me. When the interest are getting an increase, it works like an anker on the stock market. And because we have so much debt right now, this could lead to even more pain then what we have seen. You don't want a hawkish FED as your opponent. Historically, the inflation has grown slowly, but during this and last year the inflation went through the roof. •Members of congress and people in the government (clearly insiders: looking at you nancy pelosi) are not allowed to own stocks anymore very soon? Correct me if I am wrong on this one. •The Canadian real estate bubble is so big, that even the mother of all crashes can’t fix it. The composite benchmark, (a.k.a. a typical home) was $798,200 in December, up 27.8% from a year before. It is at an all-time high for both price and annual growth. betterdwelling.com Mortgage lenders are about to get destroyd. Just looking at the current market and where rates are going is a recipe for disaster. In the last few years, they had between 2-3x regular refinance volume. Leaving a large pool of borrowers who will not to refinance for at leat 3-5 years. •Mortgage rates have risen almost a full 1% in just the last 2 months, will likely raise another 1% by End Of Year. This will further slow demand. Housing market starting to show signs of cooling. Worst case scenarios is housing values drop even more which will cause cash out refinances to dry up as well. Lenders are starting to lay people off. I have heard some shops are reporting declines. •canadian tv reminding people that bank deposits are ensured. (The Royale Bank of Canada made this advertisement as well). •billionaire investors have a lot of cash ontheir hands. •Michael Burry and a ton of other famous investors predict that the markets will collapse. Warren Buffett has stopped buying new shares. Michael burry has sold his positions •Palantir warns people of a black swan event. •energy crisis in China and Europe. A lot of factory's in China are shutting down or slowing down because they have no power. This only got worse today since Russia attacked Ukraine, the oil prices peaked at $105.74. Every time that the oil prices reached prices above $100, we entered a recession after that. With the current sanctions against Russia, we can expect commodities like gas and oil to rise even further. Which could lead to even more inflation. •reverse repo has never been this high. 1,738.322 billion usd (that is more then a trillion!!!). The Fed's reverse repo facility allows big institutions - mostly big banks and money-market mutual funds - to buy securities from the Fed with an agreement to sell them back to the central bank for a specified price at a specific time. •Jpegs are getting sold for millions of dollars, which looks like the Dutch tulips bubble to me. •Prices have been sky-high in the last months for almost everything, could we be in an everything bubble? •With the old measurements, CPI / Inflation is above 15%, that is just as bad as the top in 1982 (instead of 7.5%). •fibonacci extension tells us that $4875.56 could be the end. (the top is $4818.62, for now. So I my prediction was 1.16% off) •stablecoin Tether has been in trouble for a long time. When tether crashes, everything crashes with it. 80% of BTC’s volume goes through Tether. So when Tether falls, Bitcoin falls and when Bitcoin falls, everything falls with it. •supply chain issues and shortages for almost everything. •Indexes like XRT with 1200% short interests (GME is in this index) •historic records amount of margin: When everyone is using a lot of margin in the markets, things can change very quickly for the worse, because their positions can get liquidated. If people with leveraged long-positions starts to get liquidated, more people start to get liquidated since the price has gone down even more. etc. etc. etc. (until the market has fully crashed). Not only that, retail investors are going to panic sell in such an event. the only thing that needs to happen for a trend reversal is a bad event. Like seriously, since when can retail investors use more then 100x leverage? •We printed a ton of money during the COVID-19 period. When we had the 2020 march crash, the stock market recovered insanely fast, even when the economy was falling. The recovery happened because we printed so much money to support the company's (not because the businesses were performing great). --> •The markets are not based on fundamentals anymore: 1 million+ people dead due to covid? No problem, the market goes up by 30%. Millions of people getting unemployed in the US and the rest of the world? Not a problem, the market goes up by another 30%. Businesses declaring bankruptcy? It didn't matter. we just kept on going up. Almost every business was experiencing massive losses while their stock price was skyrocketing. The money printing led to massive inflation. The supply chain issues made this even worse. We have to pay for our mistakes now. The FED has to force a recession. •Eliott waves suggest that a big crash is going to happen. We are in wave 5 in the long term chart from 2008 until now (and possibly the 100 year chart as well). So the next wave will be a market correction. "The bubble": massive credit to u/BigTechEqualsValud: www.reddit.com "It is clear stocks are in a massive bubble based on their Price to Sale (P/S valuation). Warren Buffett stated that his favorite means of valuing stock was the stock market capitalization to GDP ratio. Below is a chart for this metric. As you can see, the stock market today is as overvalued relative to the economy as it was at the peak of the 1999 Tech Mania. r/wallstreetbets - We are in Tech Bubble 2.0, but it's actually the everything bubble So stocks are overvalued based on the most reliable corporate data point (revenues) and they are also overvalued relative to the economy. Scratch that, they're not overvalued... they're trading at 1999-Tech Bubble insanity levels. This time the FED has created a bubble in everything. A "risk-free rate" of return against which ALL risk assets are valued. Comparing to 1999 tech bubble, 2008 housing market bubble, this will be considered the 2022 Digitial Currency/EV bubble. Look at the 10-20 year charts for any automotive company. It is not pretty. So what makes Rivian and LCID worth more than GM or Toyota? Nothing, since its a bubble. I will rule out Tesla on this one since we know damn well they make money, have an incredible CEO, and produce something tangible unlike these others. Tesla is still overvalued and it will go down with the digital currency/ev crash, but most likely not as hard as other competitors". •Evergrande defaulted on its debt and is now restructuring, we will have to see how that goes. But its still massively in debt and the bonds were never payed according to dr Metzler. DMSA and dr Metzler has a class action lawsuit against Evergrande to file them for bankruptcy. This •Evergrande is still one of the biggest real estate developers, but people seem to forget about this very dangerous problem. Evergrande still has to pay 305 billion USD. They haven't even paid of 1% of their debt. So who are the biggest bagholders of the $305B in bad bonds? --> There are several American and Canadian banks that Evergrande ows money to: First we've got the Royale Bank of Canada which has $46B in evergrande bonds with a Evergrande is not the only Chinese property business with huge amounts of debt. A ton of other Chinese property company’s have defaulted so far. Some of them are now bankrupt. If you were wondering why there was that weird after hours - the stock dropped 64% during AH in one day, but then they fixed the "glitch" and the price went back up. RBC looked worthless and this was just the real view of the bank's financial state when the bonds hit zero. The media told us that the bonds from November 10th were payed, however DMSA says otherwise. Dr . Metzler, the owner of DMSA bought Evergrande bonds because he had a suspicion that the bond payments were not made. So he knew he wouldn’t get his money back. He just wanted to proof his theory. So we could be being lied to (however I’m not a fan of conspiracy theory’s) THE BONDS WERE NOT PAYED!!! Conclusion: the TA looks bad and so does everything going on in the world right now. If this ends up happening it will be a fantastic buying opportunity. The S&p500 could go higher to the 5500s (which won’t happen in my opinion), but a crash is inevitable. It has already correcIf it doesn't happen this year, then it will probably happen in the next 2 years. Its a ticking time bomb. Its just a matter of time when all of this comes together and It *could* happen very, very soon. Do you really want to risk a 10-20% return when the market could fall 50% or more? You can cash out now and buy back 2x the amount of the shares after the crash. And get 2.5x the amount of shares that you could buy now. (this probably doesn’t make a lot of sense anymore. If you bought normal stocks, you are already down like 50% so it doesn’t make a lot of sense to sell with such a big loss). Buy great deals like PayPal or similair stocks that are already down more then 50%
TVC:SPXShort
by Y_Duursma
2
Ethereum poised to a big crash - full anlaysis on BitCoke [1]Ethereum, the backbone of crypto bull market from 2020-2021, has undertaken a serious plummet from its peak starting October 2021. The downtrend precipitated from December and continued to the middle of January this year, the price made a bottomed at $2300 and started to recovered to some extent, even able breaking above $3000. Over the past 4-6 weeks Ethereum price has gone through some ups and downs, following the pace of the real world political & economic events. From the weekly chart standpoints, the price has consolidated between the range $2300-3000, form a triangle that most likely constitutes a continuation pattern in a bear market, signifying more downside to come. It's worth mentioning that in the chart the recent price bounce even failed to reach the downtrend line. It means the price strength has become much weaker than last month. That said, the most logic move for Ethereum is to continue falling. Besides, I don't see there are any positive factors in the near future that support a bottoming around $2500. Ukraine is a mess. Inflation is out of control which reduces the buying power of people's savings. Blockchain technology doesn't make new breakthroughs, with existing theme including defi, gamefi, NFT losing appeals. I predict the price of Ethereum will break down key technical and psychological level of $2000 in the coming 2-3 months.
BITMEX:ETHUSD.PShort
by EricCaodd