Short-term Bitcoin forecastAfter a dramatic panic crash, BTC/USDT (Binance) is now in consolidation. Expecting an upward move till midnight.
Elliot waves worked great on 1H crash.
General consolidation could last for a few month. Considering a global economic crisis being forecasted (due to Corona Virus (Covid-19) from major analysts, coming this July, we may go even to $3k. Hodlers are to save Bitcoin from going to $10. Currently most experts mark $3.7k as a level of significant support.
Weekly chart will show today if BTC will close below 200 MA. If yes, a further fall to be expected. Weekly close above 200MA will mean a strong support at that level.
200MA have never been broken.
In any case current levels of bitcoin are great for accumulation.
Crisis
BTC/USD - Long term swing tradeFirst post
Personal outlook + Long term swing trade
The global market as a whole is in a state of panic and fear, a liquidity crisis has blessed us with a large sell off on Bitcoin, beautifully timed weeks before the block reward halving. Expecting one of the largest liquidity injections to occur within the next few weeks and shock the market with an unprecedented move towards my long term target of the $30,000 region. Those that have the opportunity to accumulate even more holdings will be rewarded.
I will start exploring LTF trades post the liquidity injection, as for now ill leave you with a very relevant quote.
"the time to buy is when there's blood in the streets." - Baron Rothschild
- @EnigmaticKoala
BTC DOWN, ETH DOWN, Will Daily 200EMA stop the fall? Hi guys,
Ok the last trade of mine didnt played out well so far..The power of Bears is huge. I am not much into deep fundamental analysis but I think that the panic on financial markets across the globe is obvious. It happens all the time over and over again throughout the years. The trigger of panic is everytime different but the results are similar.. High volatility is great for traders and Almost everytime in longterm big drops are followed by even bigger bullruns.. Indicies , crypto, gold.. everything.. For me is better buying into falling market and be temporarily in red than try to buy tops and jump into already accellerating markets.
So until the Eth dont close under the daily 200EMA I am not worried. If it will.. well.. than I shoul maybe consider getting out on some pullback. Try to zoom out and get the bigger picture.. I dont see many reasons to panic. We are still between 50% to 60% corrected from last top. 50%. Still chance for Eth to stay in mid term to long term bulltrend in my opinion.
Position type: Long
Entry Level: 230
Everything is just my opinion and my point of view. Maybe entirely wrong :)
It will be great to hear from you your opinion on the situation and what you see likely to happen in upcoming days/weeks
Wish you successfull trading!
See you in tomorrow update!
Mike
My free idea what will happen next months compare to 2008Observing the rapidly developing market situation related mainly to the coranovirus pandemic, I have general thoughts about what will happen in the near future.
We are currently facing a major crisis that will not end as soon as in 2008 due to the fact that the situation is much more complicated than the banking crisis in 2008.
I believe that the markets will fall longer than in 2008 and there will be no sharp rebound. I bet that the markets will be looking for the bottom in this unpredictable situation for a long time and the injection of cash into the economy as in 2008 will not solve the situation because we are dealing not only with a financial but also a social crisis.
Probably, we are facing the most serious crisis, perhaps in line with the crisis of the 1930s.
Good luck and be safe!
Let's try to guess ... when it will end. S&PHello friends.
I took the fear index on s&p - vix, we now have almost its maximum purpose, imposed fibonacci ... just for fun, and got the result of 2200. I do not advise buying from this value. Just guessing.
Of all the events, only 2 factors confuse me: the fall rate is too high and the fact that this happens on the eve of the Trump election.
Crash 2020 - End of the bull marketSince 2008 we have had no real recession. 21 December 2019 we just hit the top resistance of ascending wedge on the monthly chart.
Coincidence? I think not.
Add the repo crisis like we had in september, trade war risk, and election uncertainty, brexit uncertainty, housing market bubble and dept buildup and we have are at more then enough to make this technical perspective come true on fundamental basis.
Profit targets set at support levels, demand zones.
(Using log chart and heiken ashi chart)
OIL INDUSTRY IS COMING TO AN END.i think we can see a 93% correction from the all time high and we may be on the way for an all time low, $10 that sound crazy but yes is a high probability we see that soon,
death cross 1 month range in 2016 has played very well.
Mayor problem, i think is Impossible for oil producers to sustain their money making company's alive with this low prices, back in 2008 there was no competition for those company's because the whole car industries was making full emission cars, What about now? the transportation industry use 63% of all the oil extracted in the world, but now that is changing because all the automotive industries are making zero emission cars, oil industry is facing the worst crisis ever with different stones on the middle of the way lets see what happen.
Historical analysis of stock market crisis - 1929Please open this link: symonsez.files.wordpress.com
Stock market will initially crash around -46% then move up to ~2700$ and finally down to >450$ per share.
We are entering a Great Depression just now!
In the same time Gold (XAUUSD) will keep moving up to double the price of Dow Jones: www.macrotrends.net it measn DJI will be ~4500/5000$ while Gold will go up to 8500-10,000$oz
Black swan. Biggest shift of wealth in human history.Hello guys.
Just a few words for everybody too lazy watching the video.
We had the most crazy week in the stockmarket since many decades. The dump was violent.
Banks will fail - or at least the small banks will. Big banks might survive the financial crisis, but the world will never be the same.
Cryptocurrency will rise since it is the better money.
If you want to get rich. Just short everything you can - with reasonable leverage and never trade money which you cannot afford to loose. Ofcourse speaking of stocks and indices.
Keep in mind.
Health is more important than wealth.
(I always said 6.18 and meant 0.618)
I want to keep these videos short, but never manage to do so.
I might just get back to charts so people don't have to watch minute long videos.
Until then.
With best regards.
Bye bye DJI, see you in 2022. The largest crash in historyThe global financial system as we know it will collapse and will change forever. We are witnessing one of the largest crashes in the history of mankind.
Starting with some useless endless central banks pumping, ending with a Virus infecting 20-30% of the world's population. We are seeing a rare scene that may happen only once every 10 years. How will this end? We really don't know. Which financial tools they will use to fix it? We don't know even. The only thing we know is that they do not have any more tools to fight this coming inevitable recession.
Take care, everyone
Future of Financial Instruments and CryptocurrenciesIn the article from Sep 28, 2016 , I talked about the fact that over the next 5 years there will be a financial crisis, but how events will unfold for the existing global financial system is difficult to say but we will try to analyze and draw conclusions.
We see that in 2013 a new financial bubble in the economy was launched, it is based on completely new instrument and technologies.
This is no longer real estate, not precious metals, not stocks, not oil.
This is a new period in the global economy. The international system is undergoing a paradigm shift in determining the value of money.
A completely new type of financial instrument is developing in the global economy; it is a Cryptocurrency based on Blockchain technology.
This is a currency endowed with value, based only on the number of people who agree to use it as a payment instrument without the participation of intermediaries in the form of banks.
In this financial system, the emission of cryptocurrency does not depend on the activities of the Central Banks, but on the activities of the users themselves.
By connecting your processor to a collaborative network, performing certain calculations for the needs of the system, you are rewarded by receiving cryptocurrencies into your account/wallet.
Imagine that soon a wealth of all nations will be determined not by gold and foreign exchange reserves, not by a wealth of minerals, but by an amount of computing power of computers in a given state and the people involved in the system.
We can see it happening right now.
In the coming years, we will see cryptocurrencies of large companies (Google, Apple etc.). Telegram (TON) is already at the final stage, Facebook (Libra) is in the process of developing its cryptocurrency.
The immediate benefit is clear because all of them immediately have a huge number of users for their cryptocurrencies.
The need for stocks as an instrument of the old financial system will disappear since cryptocurrency is both a means of payment (money) and a means of investment (stock) - Security Tokens.
What is the significance of cryptocurrencies and the system of involving people in the general calculations of the new global network (Blockchain)?
When cryptocurrencies absorb a large part of the money supply in the form of investments, payments, purchases, loans, the need for “fiat” money (dollars, euros, etc.) will disappear. This will entail a collapse of a classical banking system and its replacement to a new one.
This incident will have adverse consequences for all countries. As is usually the case, the value of all instruments, including the cryptocurrencies themselves (for a short time) will collapse. In the future, money and financial instruments based on blockchain technologies will recover so much faster than classic currencies.
It will be possible to wait out this strong crisis and reboot the financial system in gold and especially in silver in the form of ingots, which will grow XX of times for a short time.
This scenario will be implemented until 2025 .
Those countries who will understand the prospect of replacing fiat money with cryptocurrency the quickest way will become the new world leaders (e.g. China).
In the meantime, you can simply follow or participate in the creation of a new global financial system.
Today we add to our portolio BTC
Best regards EXCAVO
THE STORM IS HERE.WAVES WILL BE SO BIG YOU MIGHT NOT WANT TO GO SURFING.
QE infinity, Rate Cut Infinity.
I made this chart idea back in beginning of December.....
Sure is playing out.
Consider the Psychological Impact of BITCOIN PASSING THE DOW JONES.
It must be compelling to avoid political divide.....
"tech glitch caused their 401(k) balances to drop to $0"
Why the S&P 500 goes down much further.Welcome to my Analysis of the S&P 500.
First of all, I want to clear some misunderstandings of why it didn't crash at the beginning and why this crash is linked to the coronavirus.
The coronavirus started spreading in China, the biggest source of our supply. Since the spreading was so rapidly, they needed to quarantine and stop production which cuts our supply chain.
After that, big companies cant produce and make sales which is bad for the holders of the company.
The news hit worldwide at the end of January and as you can see, the markets started to crash just because of that (1). So why did it pumped back to new highs?
Well, that's because the Fed prints and pumps fiat into the markets to avoid a crisis. The economy is one of the biggest if not the biggest part of the stabilization of the country.
That's why the state needs to counter a crash at all costs. But printing and pumping only works short term and that's why it is crashing massively currently.
At (1) you can see that many entities exit positions in fear of the coronavirus. At (2) you can see the fed pumping printed money in the market to prevent a major crash that takes everything with it but only works short term.
After that, the fed loses against the shorts and a massive crash occurs.
Why will it go much further down?
The biggest problem in this crisis now is that the USA is not testing people for corona. A majority of the people won't test by its own initiative since it costs a fortune to do that.
That's why the statistics of the infected people in the USA are not truthful. Because of bad transparency, people keep spreading the disease even more.
At one point, many Americans realize that there are far more cases in the USA then stated. Many quarantines will be set up and people won't be able to work.
This conducts an even further crash. Also, China started its production again because of the fear of an even worse economic collapse. This, on the one hand, is something positive for the market short term, but on the other hand, spreading the disease even more which of course is negative as well.
Black swan event. Indicies in freefall. Continuation in March?!Hello dear traders.
Corona virus is hitting hard. Black swan event is in play. We might see the biggest shift of wealth in human history.
Perhaps people will understand that our current financial system isn't the best and that it's time for a more stable and better form of currency.
Bitcoin has not yet reached that point, but in a few years from now it will at least establish as -the- best peservation of wealth. Which by the way it actually is the best growing asset humanity has ever had.
Now to my trade.
I am short on DJ30 and DE30.
Light blue doted line is my entry, which ofcourse is a bad entry. (We saw a really clear textbook jump of the 0.618 fib level - ofcourse it is institutional money taking out their gains of their shorts this week)
Big red doted line is my stoploss.
My entry on DE30 is @12076
I see DJ dropping till 21000 at least.
We might get a pump next week since it's the start of the new month March.
But this is the time for traders to act. Unfortunatly my entries are late, but I still think there is room to grow your portfolio.
Until then.
Health is more important than wealth.
(BREAKING) Coronavirus Crisis! MARKETS IN A CRITICAL POINT.The markets are on a free fall with the Corona-virus spread in Europe, South Korea and Iran without talking about China, and a possible outbreak in the United States with now more than 60 confirmed cases and rising.
Despite that the US president is asking for funds in advance to fight what they know is inevitable, (A MAYOR OUTBREAK) in mainland and to make it more serious the US president designed the vice president directly in charge of the matter, that led to a million dollar question ¿Why not the secretary of health instead? well that is simple to answer! this is weigh more serious than what the government want the masses to think, Why? because if the markets is reacting this way without mayor panic just imagine what can happen if the whole population in the US freaked out, A MAYOR DISASTER.
Another point to clear is that the market ultimately are artificially pump by free money printing and stock re buy, and the fed was fighting all this time since last 2008 crisis to keep this moving forward to protect their integrity, but now they have the perfect excuse! (CHINESE PANDEMIC LED TO THE WORST CRISIS SINCE THE GREAT DEPRESSION) I already see this all over the media and the internet, oh what a nice excuse for the disaster they built for decades.
Nothing else to say.
The crisis. Start. U-turn Dow Jones, S&P500. Stock market.Hello:)
So far, all eyes are riveted on info-garbage like corona viruses, and news headlines are full of positive forecasts about the future of stock markets ("endless growth", "there will be no crisis in 2020", etc.)
I dare to point to the end of the V wave, which lasts from March 2009.
In structure, everything is very harmonious and beautiful, as in the textbook, in the Dow Jones index, in the S&P500.
S&P500:
Dow Jones Industrial Average:
SOMETHING IS VERY WRONG with Middle East The GULF ETF is breaking down of a long term up trend line.
The MACD and OBV are supportive of this breakdown with cross downs.
Something is happening in the ME... and while Crude is rallying like no tomorrow, I see something bad brewing! It’s almost like a warning of sorts... heads up!!!
Reference ETF Info here