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🔥 Early Signs That Crypto Could Be Bullish SoonAround a week ago I made a post where I discussed how one can easily define whether crypto is bullish or bearish. Check it out if you haven't read the post yet. As you can see on the chart, Bitcoin is still bearish. As long as we're below the dotted line, I'm very cautious and you should be too. However, there's some light at the end of the tunnel. After a strong drop, there are always some front-runners who signal that better times are coming. Exactly the same happened during the summer crash, here it was AXS and SAND that made a huge bullish move before the rest. In September we had COTI and a couple of others. Now, we have LUNA, AVAX, HBAR and HOT which are front-running the market and potentially signalling a bullish reversal soon. See charts below.
INDEX:BTCUSD
by FieryTrading
25
BTC Looking For A Possible Short Squeeze To HappenI know I've mentioned this many times now, but still... Either it happens from here, or maybe we have to grind a bit lower to shake retail investors and grab large orders between 42-45k area. In such situations price first moves up relatively fast into the capitulation area (54-58k), that presents a huge resistence right now, then it BTC continues to crash. It is also a low possibility, that we could just broke 42k from here and finish the crash then go into a retracement, but i highly doubt that. I still expect prices to fall into the 33-38k, depending on how laveraged BTC is or will get especially if we get that massive short squeeze. A lot of retail investors will get euphoric on the squeeze and will open over laveraged long positions right at the end of a squeeze. What comes next is a massive liquidation event largely because of over laveraged market. I am not a financial advisor so non of this should be taken as a financial advise. BINANCE:BTCUSDT
by AVA37
AMAZON DOT COM CRASH PATTERN CONFIRMED ON BTC MUST SEE CHART.Take a look at this bearish scenario for BTC the dot com crash of 2000 the chart looks identical to btc right now, are we going to have 833 days of a bearish BTC with a 91% market correction? This chart is food for thought yes there are many bullish scenarios out there right now. Yes you may say but that is a stock and this is crypto. It has the same market sentiment as crypto fear and greed. 95% of all coins are sh*t coins with next to zero chance of success this downtrend would in fact shake out all the rubbish coins and make the market much more relevant. Leave your thoughts in the comments hope you enjoyed my 5 minues.
by WallStreetPremium
5
ConocoPhillips had 6 crashes since 1974One of the simplest way to invest/trade Oil Companies is to study the Brent/WTI price movements because they are very correlated. Every oil price crashes, oil companies will follow as well. Commodities is very volatile and for that comes an opportunity to profit. In the last 50 years, every time the stock drops more than 50%, it follows by a rally. For this stock, it crashed 6 times in the last 50 years the stock crashed every 8 years however that average is skewed by a massive bull run on the stock from its recovery of 1985-86 crash until it reached its peak in 2008 (a whopping 2783% rally!!) Before that massive ridiculous rally, the stock crashed on average every 4 years. In the most recent 3 crashes is within the last 13 years.. on average roughly, the stock crashed more or less every 4 years The last two crashes were followed by a rally with an average of 180% bull run. Currently the stock is on a 274% bull run! Actionable : It's hard to trade/invest in oil companies using the normal valuation method i.e DCF due to its tight correlation with oil prices. I let the price movemet of oil to decide for me if its time for me to buy this stock. Currently I am on the sideline and wait for a correction.
NYSE:COPLong
by sufiansaid
Brent Crash average every 4 years since 2008Since 2008 based on the charts, Brent crashed (75% fall from it's recent structural high & without 61.8% retracement on its way down) three times. On average Brent crashed from its recent high 75% every 4 years. Each time of the crash, the price of the oil rallied at least 62%. Actionable : when Brent falls & crashed again within the next 4-6 years, do not forget to be involved in its rally. Buy some oil company stocks or ETF extra note : from each crashes, it all came after parabolic rally with average of +218% from its recent structural low. Currently price have rallied 383% from the recent structural low. I am not saying another crash will come soon, perhaps price will make 20-30% correction (reset the rally %) and makes it towards 2013 high or price starts to flatlined.. who knows. There is no need to predict the future.. just act when crash happen
OANDA:BCOUSDLong
by sufiansaid
Ethereum's Nested '1-2,i-ii' Surviving the Maelstrom...So Far!!Ethereum (ETHUSD) manages to uphold its bullish nested 1-2,i-ii setup along with Bitcoin despite the violent action over the past 2 weeks. For our wave-ii, I had support drawn in the 3300 region and as if it listened, Ethereum flash-crashed to 3315 and bounced right back up off it like a trampoline! We have what looks like a clean 5-wave impulse since that crash and are very likely in the middle of a smaller-degree 2nd wave correction right now. Ethereum really SHOULD not break below 3519 if we are to maintain this setup as-is, but technically, the 3315 low continues to be our support. It would make for a very deep retrace, but an impulsive 1-2 is an impulsive 1-2 no matter how ugly! As our targets have not changed with this pullback, subwave (iii) should get us to 8661-10,601 by around January-February of 2022. The subsequent subwave (iv) pullback will very likely be a sideways, multi-month affair as the rally cools and recharges for the next leg up. For that next leg up, the overall top for subwave (v) projects to 12k to 14.7k by Q2-2022! While these targets are significantly more optimistic than what I've had in previous updates, these are all very reasonable standard Elliott Wave Fibonacci Pinball targets overhead. However, the 0.618 extension off the larger wave 3-4 structure is pointing us into the 18k to 19k range for a final 5th wave extension blow-off scenario! Not only is this common 0.618 target supportive of this, but due to the fractal nature of Elliott Waves, the 5th wave blow-offs we've seen at other degrees of the structure (going as high as the 2.618 extension of the 1-2 including the recent subwave (i) itself) also add fuel to the fire! After this MAJOR top to his decade-long impulse wave, the ensuing bear market will likely be brutal and possibly last multiple years! For this reason, the top may be a great time to take profits and reallocate into other asset classes or even Stablecoins. Such a major Wave II could take ETH back down into the 1000's range convincing the general public that cryptos are dead and gone for good. But THAT will be an incredible buying opportunity for even more spectacular action in Ethereum in subsequent years. While BTC and ETH are in their major bear markets, I expect many altcoins to be completing their own powerful 3rd waves, which could generate outsized returns despite blood in the streets for BTC and ETH! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #ethereum #bitcoin #cryptocurrency #blockchain #crypto
KRAKEN:ETHUSDLong
by Critique-al-Thinker
Litecoin in Precarious Position! Ending Diagonal Setup in PlaceLitecoin (LTCUSD) broke its 1-2,i-ii setup with the crash over the past 2 weeks, but it fares better than ETC, BCH, FIL and EOS which all completely reset their 5th wave rallies with lows that fell lower than their midsummer lows. Breaking the 140.03 support has invalidated the primary PURPLE pattern, so the new GREEN pattern is primary. This pattern sees the entire 3-wave rally as the 1st wave of a large ending diagonal 5th wave. Why 3-wave ABC's? Because diagonals consist of 3-wave corrective structures within each subwave. However, if the 104 major support is broken, the RED alt pattern becomes primary , and this sees the correction that began in May 2021 as continuing with a nasty final C-wave to complete our larger Wave 4 correction as far down as the 76-level! Yikes! Ending diagonals don't project quite as high as an impulse and are full of undulation and whipsaw. That said, subwave (iii) projects to 514-601, and subwave (v) projects to 601-773. The blue boxes remain as higher projection targets as the Fibonacci major resistances overhead remain just as before. There is the potential for extensions into those boxes. Not only are ending diagonals choppy, but they often precede major crashes! This pullback afterwards will likely coincide with a broader crypto market crash, which I expect to be especially nasty for BTC and ETH. But the gravity of those two major cryptos can easily pull altcoins down with LTC possibly dipping into the low-100s range over a period of several months or even years! For that reason, that top will likely be a great time to take profits and reallocate into other asset classes and Stablecoins or even simply enjoy your winnings and relax! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #litecoin #bitcoin #ethereum #cryptocurrency #blockchain
COINBASE:LTCUSDLong
by Critique-al-Thinker
SPX Printing A MASSIVE Bubble. Be Very Careful !!On the left side of the chart i've compared a chart from 1891 - 1935 to show the similarities between chart back then and todays after the dot-com bubble. The orange chart is not stretch out or anything. It is there to show that when the bubble popped, price did eventually fall below the bottom of the previous sideways range (orange box). In '29 chart also reached above all the fib. extension levels, just like it is doing right now as it is preparing for the final blow of top which is in my opinion only a few % away. I did the same price comparisment with DJI index in one of my ideas, where the price behaves almost the same as it was from 1915-1929. Really scary stuff if you think about it. Wonder how will that effect the crypto market as it has never experienced a REAL stock market crash. I am not a financial advisor so non of this should be taken as a financial advise. Be well. SP:SPX
SP:SPX
by AVA37
BCH Resets its Would-Be 5th Wave Rally with PullbackWith our crypto crash last week, Bitcoin Cash invalidated its PURPLE primary pattern with the break of 386.59. This means that our larger Wave 4 correction that started after the May 2021 peak had been continuing all this time with that purple subwave (i) actually being a fake-out rally! Therefore, the GREEN pattern is now primary, and it has the entire 4th wave pullback identified as a double-zigzag (since the would-be C-wave is actually an ABC zigzag down, now labeled as 'Y'). It is not clear if the pullback is done yet, and we may see a slightly lower low to the 0.618 extension of our W-wave which would fall at about 324.07 on the chart. (FYI, there should have been a RED alt pattern on this chart as I had on all my other crypto charts... Point is now moot as GREEN has supplanted this.) So what's the good news despite all this doom and gloom?! BCH has a clean slate on where it can go next. Without 1-2 setup present, we can't make a clear projection yet on where the top should go, so I've added the big green box as our rough target zone. This falls within the 0.382-0.618 extension range of our larger 3-4, a common Fibonacci proportion; this is 1139-2370. However, as I'm interpreting the larger pattern starting from the Dec 2018 bottom as a diagonal, I'd expect the 5th wave to extend to somewhere between the 1.382 and 1.618 extensions of the larger 1-2. While the lower end of this range falls within the green box, the upper end falls at 3181! So yes, there's a puncher's chance we make it that high! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #bitcoincash #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews
KRAKEN:BCHUSDLong
by Critique-al-Thinker