Ape shortThe trend is changing direction, aka reversal due to a double top in 4 hourly. 5.84 seems to be strong support, the price however is more likely to follow the downward trend to 7 or 6. We may also have another crash at the beginning of next week.
This is not financial advice. Make your own research and be cautious, especially during this uncertain period.
Crash
Litecoin it's in the bear marketIn this overview, Litecoin it's in the bear market and we see that this cryptocurrency it's leading to the previosuly minimum historical price on 2020 and part of them see on 2018 and 2019.
So, in this weekly timeframe, Litecoin forming a bearish descending triangle and retest of this chartist pattern indicating a bearish trend.
And now, in the monthly timeframe it's extremely bearish in Litecoin and the trend it's very clearly that this cryptocurrency it's dominate by bears in this market.
Luna: is there still a chance?First of all, I was saddened by what happened: a lot of people lost money and the savings of a lifetime.
So it is important that 'never put all the eggs in the same basket'.
This is a super complex area, and that involves above all, fear, greed, anger, complacency, ignorance...
That's why I leave my condolence here to my colleagues who lost everything.
I hope it all comes back.
I have particularly used the Blockchain of Terra Luna once in the past.
I also heard the opinion of several people, saying that blockchain is not scam.
She was simply the victim of a vulnerability, which was exploited at the worst possible time.
It would be like an earthquake, tsunami, hurricane and atomic bomb all at the same time.
Perhaps the only good news in this chaos is that perhaps the mistake will not be repeated anymore.
Our greatest learning is with our mistakes, not with our successes.
Speaking of graphical analysis, the game only ends when it's over.
There's no way the price is negative. Zero's already been hit.
At least we can still speculate.
If there is still buyer demand, no one else to sell, and inflation snares, theoretically the bleeding will end, and we will have a bullish reversal.
Here on the 15-minute chart, we can see absurd volatility.
A 7000% change from the fund to the current price.
In a matter of hours, a volatility of 100%, 200%, 300% or more.
Using a proper risk control and exposing yourself little, there may be a window of opportunity.
Risk asymmetry can be reversed: the maximum loss can be 100%, reaching zero, but the maximum profit can be infinite.
BITCOIN CRASH !! be carefulNo wonder a bearish outlook for Bitcoin, its Bullrun comes to an end. Macroeconomic data is not supporting it, and the SP500 is in a complicated situation. BTC yesterday broke the 30.000$ area (its structural support, changing its trend), but we can still expect a good bounce before plummeting.
However, we are in an area where many are still hesitating whether to keep their Bitcoins or sell them. That's a personal thing, the best advice ? DIVERSIFY your portfolio well and try to be as little exposed as possible to the market, because here I show you a different vision.
Sometimes we are used to see the chart in the same way 300 times and we always see the same thing because our eyesight is getting vitiated. But... I propose you something:
I'm going to turn the chart around so you can see it better. And now I will mark 3 different BOTTOM patterns simultaneously.
- Rising Wedge
- Shoulder head shoulder
- Cup and candle
and Weekly Divergence if I remember correctly.
Too many negative patterns converge at the same point, and when this happens? the highest probability is that they will be fulfilled. Bitcoin has grown a lot, so it is not surprising that we could see a crash in its price.
I hope this will help to keep you safe.
DOGE PRICE UPDATE - BUY ZONE UNDER .06Here is my buy zone target for DOGE, I'd say if this hits, it hits before the 16th of may. I think once this short term drop hits, which will be carried with short momentum from the weekly chart, all RSI and momentum trends should be expected to reverse, align, and rise with support from the bigger time frames. ELI5, this dip is going to trigger a run-up. How big?? no idea. but there are definitely chances to buy the dip at a great price.
Is the DAX toast?Chart features:
1 - It's a bear market at this time.
2- A clear death cross is seen.
3- Now a parallel channel has emerged.
To become bullish again the DAX would need to get above 14712 and stay above.
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.
Bitcoin Analysis 5/12/22 Pt 3 (Two Bearish Scenarios)Bitcoin failed to stay above support on the Falling Wedge pattern on the 2 Day Chart and it appears to have already started dropping in this Head and Shoulders pattern. According to Market Symmetry, it could potentially retest it's 2020 low of $3,800 around Late November.
How to Avoid TerraLuna Crash #luna #terralunaIt has become more than clear now that it is a natural phenomenon that fast rises lead to even faster dump and crash.
If you have been around since last Bitcoin bull cycle that ended in 2017, you know that there were a massive amount of power taking the Alt Coins to the moon, but an even stronger force taking them down to ground.
This time around, we are seeing the same thing but with an even stronger force.
In this article I will point out 1 key strategy to Avoid being caught in the Failed side of a project.
Avoiding this unpredictable events as a retail trader is very hard, however, being able to have an Entry and Exit plan is very easy.
Having an Entry and Exit plan is a must for every trader. I trade cycles and patterns. My posts and twits are about specific patterns that gives us the highest probability of success when entering a trade. Even so, we manage to get many wrong. But the most important thing is to *NOT* be caught in this mud slide like TerraLuna and failed projects.
You can see in the chart that Luna made a beautiful round bottom which is a measured moved and one could easily have taken the breakout of the round bottom and ride for massive gains. Many could think that it would continue to go Up indefinitely, however, everything comes to an end. In this case, the end of TerraLuna was 99% loss.
So that bottom line is find your strategy and know when to enter and when to exit, don't be greedy. In this case, a great example of a round bottom with a target Entry at the Break out and Exit at the measured move. Take your profits and run. Don't hope for the unknown.
As always, appreciate the likes, comments and share.
Until next time.
Good times coming? Do kwon want get stable coin back to 1 usdThe investment of Luna is at this moment is the riskiest investment last time- but for those hodl since higher numbers, I think it's not smart to sell.
Will Do kwon make it true to get the stable coin back to 1 usd? if this happens, then we have a better hope for a new recovery for this coin.
Most important is that the team of Luna is still behind the project - and hope for those who did invest at higher numbers, that we will get soon a spike increase back into trend.
Also, futures of binance for this coin did turn off - this is good news - as more shorts can be get stopped.
Even if the price is 0,01 or 0,10 its still in a small range, and this project should at last show again the 1 USD + to get into a new uptrend.
Also, binance or other big companies can support luna - this could add in massive new buys.
With the volume we have seen before 1 USD price action could be done in a short time if there is really good interesting news.
To know more about crashes as this check projects or stocks that was 0, and did increase more than it was.
An example is an OIL with corona time. it was going below 0, then all-time high - i am not saying this will happen with Luna, but there is a good chance for recovery,
Most of the time market enters into panic time - then small step-by-step recovery, when the project has a good long-term goal - and i find that Luna has a good solid goal.
When real volumes enter,it will be not about low cents change.
Most of these are possible scenarios, most important is trade with plan and risk management.
ETH Bear marketSupport has broken and we are definitely in bear market. Last bear run was 70% with 300% + bull, this bear is already at 60% and I think it will go 70% to 80% and have a 400% bull run but we can't ignore the world economy. Defiantly a hard call right now. I'm in and holding as the drop has forced me to hold in order to not take a missive loss. Hold tight, let it ride, add more at this low price is how i'm going to deal with this crash. Lets wait and see what patterns come next week. Good luck everyone. I have marked the support lines I am paying attention to. Each must hold to avoid dropping to the next lower one. how that helps some of the newer traders and investors out here. ity's not dead, this is not the end, we are simply doing a bear run and it will take some time to climb back up.
Wait for the buy….As I told you months ago of the crash happened it just happened.
If you are still waiting for the buy .. please wait for the buy.
This is the most brutal drop I have ever seen in my life.
Its possible will go negative; watch the dip for the bullish reverse.
NASDAQ 10012000 target very close, expecting the level to print today.
Whats next? - 11750 level sounds reasonable.
why? Everybody thinks the bottom is in, which is a great opportunity for fund managers to offload more assets to retail.
plus we still have high inflation, with CPI printing more than expected today. The higher reading on CPI was already indicated yesterday when Biden released a press message that he will speak on inflation today after the release of the numbers. The only reason why he would do that is that he knew yesterday that the numbers would be bad..
they are playing games with one.
Let's see how it plays out, I could be wrong.
Happy trading :)
Bitcoin CME Futures Market view | 30k$ -> 36k$ -> 25k$ | BTCUsing CME Futures Bitcoin chart, we can see how gaps worked perfectly in the past.
CME Gap for those who don't know, is the difference between the trading price of Bitcoin futures contracts when the market opens on Sunday and when it closes on Friday.
Bitcoin tends to move to these gaps like a magnet most of the time.
Also I applied trend following indicator on the chart which helps us better predict what movements we can expect in the market in the near future.
There are still 2 days till futures market closes but I don't personally think Bitcoin will rally up above 35.000$ and not create a gap.
Plan is simple. Bounce to ~36k$ -> 25k$.
Stay safe
The Market Is Crashing and We Are All Doomed - Or Are We? TLDR: A market crash of 50% is not as unlikely as you may think, probably probable actually. Buy gold, buy land, buy commodities. Gather your cash, so you can deploy it on cheap stonks after and become a gazillionaire.
I'm about to break down why the largest crash in history may happen very soon. A lot of very interesting events culminating right now, and if you plan on investing throughout your life, moments and times like this are important for your future self, as it wont be the last time a correction or crash happens. Paying attention now means more mula later.
First and foremost, its clear there's a correction happening. There's no argument there. I'm not typically a bear, nor am I typically a bull. I try my best to stay neutral and go with whatever flow the market takes me. BUT...
Many of the same aspects from previous crashes are showing here such as:
Frenzied investor spending - Multi Million Dollar NFTs, Exploding New "wacky" Cryptos (Doge, Shib etc), The takeoff of "meme" stocks
Extremely high growth in emerging markets - (SPY grows 90% in 3 years, has one of its best performance years ever (2021), (look at AAPL, MSFT, FB charts) The same happened in the previous three crashes of the last century (1929 crash, previous year saw 80%+ in growth)
High deviation from the mean (price always reverts back to mean!!) Looking at the S&P, the past 3-4 years has seen quite the deviation compared to price average in the past 100 years.
Why might this one be the worst so far in history? Just as price goes exponentially higher as time goes on, so do the price dumps. Also, the FED has always been there in the past to buy assets and keep companies afloat. However, this time, inflation may keep that dragged down, limiting the FEDs buying power. Not to mention the economy is currently "fake" in a way, as the FED for the past 20 years has been bailing and supporting the economy after every (even small) correction.
(edited)
Also, the ongoing supply problem China is about to bring, with it shutting down factories and continuing lockdowns. The Ukraine debacle, Russia being one of the largest exporters of Oil, this could put a huge damper on the U.S (that doesn't even include Russia being mean to the U.S because of the U.S sanctions to be placed by these actions.) In super high speculation, if this begins to escalate, China would take the side of the Russia, and China is the largest exporter for U.S goods - period. This would not be like WW2. ( I don't just mean fighting, I also mean sanction wars - taxing etc)
We also have a super old president. This isn't a jab at Biden. He's the oldest in history, and assuming he has no health scares from now till election, I doubt he will run again. If he does, we have even more reason to be concerned about his health. God only knows what would happen if something happened to a U.S president in this hyper-informational world, and with events like this going on. If Biden doesn't re-run, we will be dealing with another election in the U.S. High disinformation and political polarization, all while this is going on and our historic enemies are doing no no's that NATO does not like.
Now, with all of this being said. I, am, not, a, bear. I love things going up. Just seeing things for what they are right now. Take the information above as you will, and form your own hypotheses. Hopefully all will be well in the short and long run, and we can all make some money from this - lets not forget history's richest men appeared in the most turbulent times.
LUNA is Rekt - The How and Why Terra UST was the 3rd biggest stable coin and lost its $1 peg causing LUNA to spiral
Once UST lost its peg from $1 to for example $0.50, someone could buy 100 UST for $50
and redeem it for $100 of LUNA and then sell that to USDT — making money on the arbitrage.
This essentially is what triggered the Death Spiral for LUNA because the price of LUNA is
dropping with the peg, it became race to redeem for LUNA before the value drops below
the redemption price
The UST peg failed for two main reasons:
Curve pool imbalance (On Chain Selling)
$350m UST was swapped for USDT using the Curve protocol. This left a disproportionate amount
of UST versus other stablecoins in the pool for users to swap against, thus lowering the
value of UST "on-chain"
Curve is a crucial piece of the DeFi ecosystem, allowing users and dApps to swap stablecoins efficiently.
The massive selling of UST on Curve created an imbalance in reserves, leading to the value of UST falling below the peg on the protocol.
The remaining portion of UST withdrawn from Anchor protocol was sold on centralized exchanges
like Binance driving down the value on those markets as well (Off Chain)
Peloton: Pedalling all the way down!!Peloton
Short Term - We look to Sell at 14.90 (stop at 21.60)
The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 15.00 resulting in improved risk/return. Worse than expected earnings will add to bearish confluence.
Our profit targets will be 0.00. (Technical Crash)
Resistance: 15.00 / 17.00 / 19.00
Support: 10.00 / 8.00 / 6.00
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