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Crash

Bitcoin & Ethereum is it really going to crash? We experienced another sell-off in cryptocurrencies, bringing BTC back below $59K. As a reminder, we still have a second limit set at $55,236 for a Bitcoin swing trade, and we plan to hold this position as we approach this level. This limit has been in place for several months, and sometimes patience is required. Our limit is precisely at the 24 Q1VWAP and 21 VAH, aiming to capture the resting liquidity below the recent low in May. For ETH, we are watching the 22 Q1VWAP and 21 Q3VWAP levels to hold, as they have successfully done so four times previously. This would be a favorable retest, potentially leading to an attempt to reach the EUROTLX:4K range again. With both BTC and ETH, we are anticipating the end of this sell-off, considering potential spot purchases in BTC and some altcoins if they experience another (maybe last) downward move.
CRYPTO:BTCUSDLong
by stromm
BITCOIN CRASH TO 54.7K MINIMUM MT. GOX DUMP!!!Hello as you can see we have 5 waves up and an abc correction. we are working on the C wave and i expect it to hit 54.7k because that is the 1.1 extension fib of wave a measured from wave b (be careful tho as wave C can go to 1.618 which would be 44k i dont see that happening this time tho as we still need to make a wave 5 on the super large time frame), as well as having a FVG that needs filled there, as well as being the base of the channel we are in. It is a triple confluence. If you look at RSI we have a bearish divergence as well. The two bottom indicators i am using are also showing to be in the middle of a wave right now. that would be the C wave on the large time frame. we will be making the 5th wave down on the lower time frame which on the lower time frame of that will be a 5 wave impulse move because we are in a downtrend. Also, Mt. Gox, an old exchange that went down like 12 years ago is starting to repay their creditors in July, which is now, so those people are sitting on like 14000% profit and are going to cash out and dump hard. it is a total of like 18 billion. This is a negative outlook but its just what the data show. when the data show bullish then i will be bullish but there is just so many things right at this moment ab to crash btc so just hold on tight and open a short. i have one open from 63.2k and a target of 54.7k. Lets see if it hits.
INDEX:BTCUSDShort
by member_berry
6 INEVITABLE Stock Market DownturnsIn the world of stock trading, and crypto trading, volatility is as much a part of the landscape. Whether you’re a day trader or a long-term investor you’re bound to undergo different degrees of stock market downturns, drops and crashes. And each level of downturn has its own set of characteristics, challenges, and strategies for recovery. Let’s dive into the nuances of market downturns, so you can navigate these stormy waters with confidence and savvy. DOWNTURN #1: Down -2%: A Ripple of Volatility Think of a -2% drop in the stock market as your morning coffee spilling over a bit—it’s unpleasant but hardly the end of the world. This level of decline is typically seen as a blip of volatility, a common occurrence in the stock markets that often corrects itself in the short term. DOWNTURN #2: Down -5%: The Pullback Perspective When the market drops by 5%, it’s is often referred to as a pullback and, while it might cause a bit of concern. However, if you look at the bigger time frame, you’ll see it might not signify a long-term trend. DOWNTURN #3: Down -10%: Entering Correction Territory A 10% drop is a clear signal that the market is in a correction phase. This is where the uptrend will come to a temporary halt and the market will drop and correct itself. You’ll see moving averages will cross down and the medium term trend will be showing downside. You’ll also most likely look for shorts (sells) and take advantage of the correction. DOWNTURN #4: Down -20%: The Bear Market Looms Now we’re in the territory of the bear market. This is generally characterized by a 20% or more drop. It might be time to look into more defensive stocks or sectors, such as utilities or consumer staples, which tend to be less affected by economic downturns. DOWNTURN #5: Down -50%: The Market Crash Crisis A 50% plunge is the equivalent of a financial earthquake, causing widespread panic and uncertainty. It’s quite rare, but when it happens, it’s all hands on deck. We saw this in the financial crisis. We saw this during the tech bubble. We saw this with the oil crisis. Silver Linings: Even in the darkest times, opportunities can be found. And whenever we’ve had a crash with world markets, they have turned up, made a come-back and moved to all time highs. DOWNTURN #6: Prolonged downside: The Depression This one I don’t have a number for you. Unlike recessions, which are typically shorter and less severe, depressions are rare and can last for several years, causing long-term damage to a country’s economic health. The most famous example is the Great Depression of the 1930s, which started with the stock market crash in 1929 and lasted for about a decade in most countries. During this period, unemployment rates soared, reaching as high as 25% in the United States, while industrial production, prices, and incomes plummeted. Conclusion: Steady as She Goes As I like to say. It’s important to know that the downtrends, downturns and downside will come. We need to be clued up and prepare for these situations. That way we’ll take advantage as traders of what to do. With the right approach, you can not only survive these downturns but emerge stronger and thrive profitably on the other side.
TVC:SA40Education
by Timonrosso
$SHOP 10D wants $68 if we stay under $80Of course, all ideas are my opinion alone. SHOP went a bit crazy last week but still rejected the same gap from the Winter 22' pullback. Looking at this head and shoulders on the daily, PA seemingly looking for a touch of the gap below around $64. May have to wait for the first week of April for the move to be underway. Keep on Watch, with a Bullish Market, $82+ possible before the end of the week for a Bull Trap setup as stock is breaking trendlines of the possible larger timeframe bear flag its been in since Spring 22' .... Stay Patient.. after high $60s I'll be looking for a rally to fill gap above at $89.12
SShort
by TazmanianTrader
2
Bitcoin Can't Get Away!Well traders, guess where Bitcoin is at? Once again, it is flirting with our multi-year support/resistance trendline from 2019. It seems that it just can't pull itself away. Like a magnet, Bitcoin continues to be attracted to this level. Now, if my projection of the inverse head and shoulders pattern is correct, then we should pull up and away soon. However, this market has even me doubting its capability of doing so right now. Ethereum still has not reached the 3200 price that I had suggested we could wick down to. Looks like that is where it is headed. Altcoins continue to bleed badly following Ethereums lead and exaggerating the move down to the Nth degree. We can now see that expectationd for an altcoin bull market have been shaken badly for many traders (I am not one). Altcoins are deep into oversold territory on many charts. Some are down 90%+ from their high this year and many traders have now decided to sell, salvaging any remaining value they had. Ouch! Fortunately, my overall trading portfolio is only down %25 overall. And while this is quite a drop, I understand that it is not what many altcoin traders have already suffered. I will continue to hang on for dear life (HODL) until this bull run begins. As I stated previously, I am tired of the games the market makers are playing here. I just don't care anymore. Again, my disclaimer. None of this is financial advice. I am only here to entertain you all with my poor choices. You do you. Stew
INDEX:BTCUSD
by stewdamus
#202425 - a weekly price action market recap and outlook - pltrGood evening and I hope you are well. Let's do some single stock trading ideas. Palantir. comment: The stock that lives on hopes and dreams of people who know few about IT and much less about data & analytics, much like Snowflake. Go look at the Snowflake chart. When I have read the ipo price in 2020 I told everyone it was a bubble and the stock should trade below 100 for many years until maybe big profits could come in. They are still years away from those big profits and the stock lost 49% from the IPO price. I do not know anyone who works in Data & Analytics and knows Palantir who tells anything positive about them. It's a hype stock that got good publicity because of investors and defense contracts. That stock will trade below 15 in either late 2024 or 2025. Not financial advice. current market cycle: My dead dog can tell you it's a traingle and that is a form of a trading range and market is in breakout mode. Your job is to wait for the breakout and hop along, that's it. Now set the same alerts as I have and make money once they ring. key levels: 20 - 27 bull case: Market is getting rejected at the 50% pb from all time low to all time high. That's bearish af. Only chance bulls have for this to trade back up is a weekly close above 27. Bulls have going for them, that there seems to be big passive buying at 20.50. They are also trading above the daily and weekly 20ema, which is also bullish. Invalidation is below 20. bear case: Once that buyer at 20.50 gives up, it's free fall. The triangle will probably play out and we see some downside from 23 to 20/21 again in the short term. Last earnings surprised upwards and bulls used that spike as exit liquidity. Tells you something. Invalidation is above 26. short term: bearish for trade back down to 20/21. Short term in this case means several weeks, since I'm posting the weekly chart. medium-long term: I don't know which way the triangle breaks down to but either way, you can clearly see the big lows and highs. One of those will probably get retested before the other. So set the alarms and trade it when it breaks out. I hope my insrted illustrations help you.
P
by priceactiontds
Bitcoin New Update Next Best Current Support Is Between ($64500 - $66600) BreakDown Will Lead A Flash Crash Till $60K With A Possible Wick Holding The Support Can Test The ATH($73777) Again Till Then, Make Sure To Use Proper StopLoss Bitcoin (Update) Next Best Current Support Is Between ($64500 - $66600) BreakDown Will Lead A Flash Crash Till $60K With A Possible Wick Holding The Support Can Test The ATH($73777) Again Till Then, Make Sure To Use Proper StopLoss
by OfficialCryptoTraders
ROSE - Selling the TopWe have two setups here in either direction we have been screening ROSE and ONDO for quite a while now and we want to bid both this short and the long. We let those things run over the night, therefore we play it with a hard stop. On ROSE we have been ranging for quite a while and we finally broke out and cleared out the imbalances that have settled on the sell off candle on the 12.04 the supply needs to be flipped in order to be bullish. Even tough BTC seems to hold it's level nicely we think this daily supply is too much for ROSE to flip. As a target we are eying the POC at $0.0927 but we are going to take profits on the way down. You will find ONDO here -
Short
by stromm
Petrobras (PETR): Bearish Divergence - Heading for a Dip After the market closed yesterday, Petrobras, a Brazilian stock, released a new earnings report. We're analyzing it in Brazilian Real (BRL) to get the most accurate view of the chart. On the weekly chart, we anticipate a mild but noticeable bearish divergence, especially since the beginning of 2024 when the stock has significantly appreciated. There is considerable downside potential as we expect the completion of Wave (3), followed by a downward adjustment in Wave (4). The exact retracement level for Wave (4) is yet to be determined, but we anticipate a pullback to around 38.52% before the stock resumes its upward trajectory in Wave (5). Our downside target is around 50 BRL, considering Petrobras' high dividend yield. This makes the stock attractive not only for its growth potential but also for its income-generating ability. A closer look at the daily chart reveals potential scenarios for either the completion of Wave 5 or Wave (3), highlighting areas where bearish divergence becomes more apparent. This divergence is evident due to the significant impulsive rises in the stock over recent months and weeks, which have created several imbalances. Despite closing gaps and reaching new highs, a downward correction is likely needed before we can see further upward movement. We anticipate that the correction in Wave (4) will take the stock lower, potentially reaching levels between 28.28 and 23.30 BRL.
BMFBOVESPA:PETR3
by freeguy_by_wmc
Bitcoin (BTC): Whats happening?Let's take a closer look at the Bitcoin chart, using a three-day timeframe. Here's the scenario we're observing: we've developed a significant bearish divergence. Additionally, Bitcoin is currently in a short but valid sideways phase, indicating an impending decision on direction—upward or downward break is expected in the coming weeks. Our analysis leans towards anticipating a Wave 4 correction. We suspect that it hasn't completed at the 23.6% level since, given the strong upward momentum previously observed. A deeper decline might be necessary before attempting to reach levels like $80,000, $85,000, or even $90,000. Nonetheless, we generally don't expect Bitcoin to surpass $100,000 in this cycle. Concerning potential downturns, if Bitcoin falls below the $49,500 mark (50% retracement level), we foresee possible support between $44,000 and $41,600, marking our worst-case scenario for this phase. The mega worst case would involve a drop to $31,000, which, while not impossible, is highly improbable under current conditions and thus unrealistic to expect. On the daily chart, the situation becomes a bit clearer after our previous analysis at $40,000. Since then, we've reached a new all-time high of $73,800 but have not regained our former strength, presenting the possibility that Wave (4) may have already concluded. There's also a chance that prices might dip again, and for this scenario, we plan to place a limit order at $55,236, corresponding to the 38.2% Fibonacci level, with a stop-loss just below the 50% level. If you're considering this setup purely for spot buys with a long-term hold strategy, you might opt to set another limit at the worst case scenario. We anticipate that the price should hold around $48,000. If it falls further, we'd consider secondary entries at around $40,000 and a third potential entry at $31,000. Depending on where the turnaround occurs, we expect the subsequent rise for Wave (5) and the overarching Wave I to reach between $78,000 and $88,000.
COINBASE:BTCUSDLong
by freeguy_by_wmc
2
SP500, TAKE THE PAST AND SEE THE FUTURE?So, this is a slightly different look of another chart. Basically, we might be seeing this play out in real time. This pattern is scary where the price currently sits. and to where it can head. What is the pattern? Trace 2018 to Covid and then into recovery and correction. Bring that to the current move, pattern, wave... whatever you want to call it. It's close, not exact, but close, and close enough that it can't be completely thrown out as an idea. But that's all guessing based on a pattern, which is dumb. So, what do we know. We can see numbers projected to 600. We can see numbers projected to 200. We can see multiple gaps on the downside. We can see multiple stocks at their highs. We can see multiple stocks moving some 10% or more on earnings with price movements that don't quite make sense. We know there are two massive support trends (I just made the one) because of how close they are to each other. We've been seeing stocks break down past massive support trends, and then when all hope is lost, a huge return. We know statistically, gaps almost always close, and in a similar way of thinking, most impulse moves retrace a little over 100% (this gives no indication of the timing of a move, could be days, weeks, months, years...) We can see certain indicators starting to flash some bearish signals. We can see there might be another exit pump but we can't really know. We can see, charts are quite overextended from COVID lows. We know the election is around the corner. We know how bad a "down" market or market crash can look for a sitting president. We know more support comes in at 4780, 4360, 3800, 3300, 2900, 2500, 2200. I'm sure if you look hard enough, you'd find evidence that supports both a bullish and bearish projection on the s&p500, which is good. Take in all the info you can. Don't believe my garbage chart, but also, I wouldn't completely skip it.
AMEX:SPYLong
by nicktussing77
CAN THE MARKET SURVIVE AN 80% CRASH, WHAT ABOUT ONLY 40%?So, for anyone who likes to watch certain movements. A big one is about to occur. A rejection from this break is the covid drop. about 30% and some. However, the end of the cycle, if you believe in those kind of things, would be a 100% retrace of the impulse with a little extra on the downside, which closes all gaps, I believe. That takes us down below 200. It would have to be quick. Next cycle then starts and pulls us up to $600. I tried to mark it in orange. This chart isn't an idea as in (I REALLY THINK WE'RE DROPPING 80% in less than 1 year). This is more to show that trend break from the past and the trend break showing. 518 to 530. CAREFUL ZONE!!! Market is showing a lot of crazy movements and numbers. I think something has to be "up" such as China and Taiwan considering what we're seeing with semiconductors.
AMEX:SPYShort
by nicktussing77
6
Polkadot (DOT): Are we done yet?We had to reassess the situation with DOT on the daily chart and have concluded that we are still not seeing the completion of Wave (2). Why is this the case? Because the correction downward following what we assume to be Wave (2) is too brief in duration to be considered a Wave 2. However, the upward movement towards Wave B was surprisingly strong. Since we have now fallen below the level of Wave A, and we make no exceptions for Wave 2 as we might for a Wave 4, we believe this represents an overshooting Wave B, which respected the 161.8% level almost to the cent. We now expect a downward movement that should reach between the 78.6% and 100% levels. Upon closer inspection, we also assume that what we overshoot upward, we'll compensate for downward, a typical characteristic of an Expanded Flat. Therefore, the 78.6% to 100% range is seen as crucial and robust. The low of $3.56 must not be breached, which would be far from ideal. On the daily chart, we also note a Fair Value Gap above, which remains the only gap on this chart. Eventually, all such gaps get filled. The question remains: will we move towards $4.85 or $9.50 first? Upon closer examination on the 4-hour chart, we've observed a four-wave structure since Wave B. Currently, we are respecting the 38.2% to 50% zone for Wave ((iv)) and remain below it. The scenario we believe in indicates a potential drop to $4.85. The timing is uncertain, and we may see some sideways movement for a while before experiencing a sharper decline. We've reached the 2.618 Fibonacci time zone, indicating a perfect setup for Wave (2). We've missed this by a day, but still anticipate a further decline, remaining within this golden zone. Additional Fibonacci clusters lend further confirmation, therefore, we expect significant buying volume in the range of $4.85 to $3.56. This would be an intriguing entry point as we are at the end of Wave (2), predicting that the subsequent Wave (3) will surpass Wave (1). The peak of Wave B at $11.88 offers a solid target, potentially making this a very interesting long-term swing trade.
BINANCE:DOTUSD
by freeguy_by_wmc
SOFI EARNINGS CHART, BRING YOUR BEAR SPRAY. BIG DROP TO UNDER $5Current price takes it down 36% to price target. Closes the gap on the weekly. Earnings at this specific time when things like yesterday happened on the big stocks. And Snap going 30% up after going down big in the morning. This move fits within the currently reality of price movements. Even if we head up some 12% on the day and it's bullish, watch for the drop into the AH. Could be really big. Good news for bulls, the price target at 4.45 to 4.9 is an entry target to go long up to 17. But it would be good to see the downside first on this earnings call. And setup for a big run as the meme stocks start to fly. Mid 6 is support and could see a bounce and maybe we see the rest of the downside on Monday finish out throughout the next few days. Good luck with whatever you choose on earnings!! Personally, I see the downside coming. But I'd like to see some upside today on sofi to really pull the price swing to a pretty large percentage move, and give puts some more upside. But I'm not sure as I haven't looked at this stock in awhile. Price targets and trends are marked. Those should be fairly good to use, but with earnings, it will break a lot of them quick in both directions. But more so on the downside. The orange trends are fairly strong rejection trends. The support trend is fairly strong. BUT the weekly has a wicked nasty last drop showing. I'd say normally we'd hold that support trend, but they have been breaking hard in the AH earnings moves.
NASDAQ:SOFIShort
by nicktussing77
11
Helium: Another Shitcoin Down The Drain!Look at the chart and recogize. That is a SHITCOIN SCAMCOIN chart. Down -70% and far from done crashing. If $3.90 breaks, it's all the way down to $0.50 for this turd. This will be the fate of all SOL #Solana ecosystem scam shit coins such as HNT #Helium and MOBILE #Mobile. I would not be surprised if this drops another 95% from here. Helium , Helium Mobile , and all other #DePIN shitcoins linked to Solana ecosystem are dying in real-time and we are lucky enough to witness it. Shorting this on leverage = EZ, free money!
COINBASE:HNTUSDShort
by couldntcomeupwithone
10