DROP
$BTC to $6k?I saw a post where showed a chart like this of BTC, honestly I see that it is something very possible that could happen, remember that in previous years there is always a significant drop that marks a new course towards a new BTC ATH, honestly it doesn't feel like we've hit that bottom, not yet, we're in a bear market where we'll know we hit the bottom when a real crisis feels.
Let's see what happens in the coming months.
$ETH will dropJust my opinion but from what I see, the price of ETH will drop in the next few days, let's remember that we are less than three days away from the eth merge; from what I see in many posts, this is something that has people in uncertainty about the price, some saying that the price will go up like foam, and some saying that the price will fall like a snowball, the reality is that nobody can know exactly where the price will move, but at least today I see a double top pattern (see 1hr chart), SSL Channel with a downtrend and MA21 crossing above the candlesticks. This is something very normal after a rise like the one we saw days ago, market rises like this don't continue their course, only the rises with fundamentals behind them are the ones that are maintained, we will see what the merge holds for the price of ETH.
40W valid Trend line broken, we are moving upAs you can see on the attached chart last week got 40W VTL broken. It was touched from the bottom but it is consider it as a trend lne break.
It is actually a confirmation that's the nest of lows og 40W cycle is behind us and that the bottom for recent drop was 17K.
Now someone is pushing a little last drop to happen butstand still and don't Use too much leverage 5 times leverage is the most higher using now to protect against so called Chinese 10% drop.
GBPUSD | Next MoveWe have a breakout and a retest of the support zone. ooks like it's going to drop more.
Targets are displayed on the chart.
Thank you for your attention.
Welcome to the Chop Shop4100 seems to be the price area where the market is in equilibrium.
Still some downside to 4000 in my opinion.
Some chop around 4100 while market consolidates the recent Rally. 0.618 retracement to the downside may find support.
On the other hand, markets may try to close the gap at 4220 before the end of the week.
Either direction seems like a lot of chop.
TSLA is quietly trying to hold up markets as an ascending triangle forms as the split on 25th closes in.
Energy is blasting off, if only to hang itself in the future.
Inflation is not being kind to HD joining the club of H&S patterns forming.
DXY double top could mean revert.
Bitcoin bears back in charge!Bitcoin bears are back in charge, we now fully expect Crypto to trend towards the downside, especially if the US data coming out this and next week indicates further rate hikes.
Rate hikes impact crypto currencies as they are counted as risky assets... similarly to the NASDAQ, yet crypto never really lived through a strong hiking cycle, hence why we believe the downside could be very extended and Bitcoin could even drop below the 10k mark if not even lower. - Only time will tell, and more importantly we do not focus on predictive trading, rather being reactive, so we are just as ready to buy as we are to sell.
We had long positions right until Friday where our stops were hit, we then waited for valid entries for the sell side and when they came on Saturday we executed the sells and added on to them today, we are building a "big short" position here.
Good luck to everyone!
GBP/USDGU has being rallying down since MAY 2021. It has reach a daily order block, after a bullish BOS on the weekly TF. On the 4H TF structure broke to the downside ( within Jun - Jul), and mitigated ( from Jul - Aug). The second mitigation has taken place on the 1H TF, exhibiting our rules of entry(BOS, 1st Mitigation with LQ grab, 2nd mitigation as trigger entry).
ETH dropEth is really weak now and we can see we got rejected by resis and moved to the support in few seconds... We could see bearish reversal and drop to 1500 really soon be ready and open short around 1616-1630
dow jones (us30) will %45 drop if...hello guys!
us30 there is in a long term ascending channel for sure...
but let look last recession closer:
what was conditions of last recession :
1- break down last lower low
2- fake out last lower low
3- before starting a downward movement break ma(200)
4- last lower low break ma(200) too
5- after break down drop until %45
On the other hand, what are the current conditions:
1- last lower low break ma(200)
2- price is near of ma(200) so we are waiting for a break down of ma(200)...
so, we get confirmation after ma(200) break down then we can get a lot of short position for indices and us shares:
let's look at us interest rate and United States Inflation Rate charts again!
i think everything is vivide in chart. what is your opinion about us30?
If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
55% drop in $METASince last year I haven't seen the $META chart, a few minutes ago I saw the earnings report and I was interested to see how the stock was doing.
Surprise! Since last year I knew the stock was going to drop, just having seen the MA21 was something more than obvious
FALL OF BITCOIN ACCELERATES. THE DOWNTREND BECOMES STEEPER
Sometimes the Fateful Watershed-Momenet IS CLEARLY VISIBLE.
Well, such moment is Now - the RATE OF Price FAll of Bitcoin becomes Faster.
The DEcline of the Trendline Visibly STEEPER
Down-Trend Confirmed, Rejection and Drop to 7,500Strong Rejection from the Upper Resistance trendline Reconfirms DEscending Downtrend of Bitcoi/usdt.
Projected Support Intersection at 7,500.
Fundamental conditions are the root causes of the continuing bitcoin plunge
1 FED Rate Hikes cause strong Risk aversion of Institutionals and Investors, and rotation into Dollar Cash.
2 Continuing wave of BAnkrupcies of Crypt-Frauds, Crypto-schemes and Pyramids only Grows and adds to Bitcoin mistrust by inestors: LUNA. TERRA, Celsius, Voyager and that list grows daily.
3 Liquidation of 140,000 bitcoins from Mt Gox by Court authorities - and anxious owners biting at the bit to finally REALIZE their Profits after years of being unable to do so.
Immediate selloff of a stash that is times bigger than the Musk selloff that caused winter collapse of the price from ATH.
Emphasis: HUNDRED THOUSAND Bitcoins DUMPED ON the Market.
Gold Futures Short Term DropGold Futures is looking bearish for the rest of today and tomorrow. It is possible we see a bounce up at 1682 but it is unlikely.
This is not financial advice.
Remember to DYOR!
BITCOIN WYCKOFF ACCUMULATION PATTERN ( CHART INVERSED )this is wyckoff accumulation pattern on bitcoin chart. and in my plan the price gonna drop to 15350 on phemex chart. on binance perp chart its 15298. and then we'll have a great bull season... but we'll see.
17500/12000 See you there.See you @ 17500 / 12000 BTC.
just enter the sell and let it run.
17500 first, 12000 next.
WHERE WILL IT GO ? THE BLUE PILL OR THE RED ?Always the SAME CHOICE
REALITY or ILLUSION ?
TRUTH or LIES ?
RED PILL or Blue ?....
BTC is going to drop 1 more time. BTC is showing a pattern which is similar to May June increase before significant drop. 10k$ is still possible for BTC. If BTC can break the diagonal resistance we have a bullish momentum.
BITCOIN DECIDES TO DROP TO 17,000 NOW , OR MORE TIME IN TRIANGLEThe Bitcoin Price Action is confirming UNRELENTING DROPPING TREND.
Even the a ARTIFICIAL Pumping up on Saturday cannot change the DELEVERAGING PROCESS.
The Institutionals are DELEVERAGING in RAPID sequence of LARGE SELLOFFS.
All the rest are FORCED TO SELL by these Institutional sellofs - in particular, THE MINERS are DUMPING their product, before it becomes a loss on their books.
Naturally all the rest, also follow these significant Selling actions, as the bitcoin price becomes deterministically DECREASING.
No amount of calculated bluffing by the MM -s and their pumping can change THE REALITY - BITCOIN WILL CONTINUE TO DROP FURTHER.
A textbook triangular Flag , that appears After a Huge drop is the TRANSIENT oscillation before the next LEG DOWN to 17,000.
Will it DROP????This formula simply states what it states.
You get 4 consecutive wicks: look for a drop after the 4th one.
As Snipers we build every strategy upon prior price action, structure, and how that particular pair moves.
This set up presents itself daily.
Let's see how this DROP pans out.
As always never over leverage.
Trust your trade set up.
Have FUN!!!!
I AM Pro Trading Made Simple
BTC retests $21,500, swift drop to $20,000 incoming?Bitcoin price analysis is bearish today as we have seen a failure to continue higher after a short push above the $21,500 previous major resistance. Since BTC/USD has already moved lower and set a lower local high, we expect another drop to follow. The next target should be the $20,000 previous support.
The market has traded in the red over the last 24 hours. Bitcoin lost 3.29 percent, while Ethereum 3.81 percent as the reaction lower was even stronger. Meanwhile, most of the altcoins have seen even further decline.
Exit Time! | long then shortAccording to market signs, buyers are still reluctant to buy at this price, and today could be an opportunity for the bulls to try to push the price above $23,000, but I do not think sellers will allow this price to pass.
Start buying from below $16,000 to $9,000, increase the purchase amount at each stage of the fall.
