MarkitMaven

There is no reason to be long here but here is all the signals to go short: Death crossRising wedgeDouble topMACD cross downRSI divergenceboth lines broke down. We will see 1000 soon.continues to trend lower.

In addition to the risk of bearish death cross, both Wyckoff and Elliot analysis are pointing to a high risk of further drops. Hoping the rising wedge does not break down, our conservative target remains between 37-39k.Also see:Wyckoff playing out tick by tick!

The left panel shows daily 50ma and 200ma approaching to form a death cross sometime in August. Last time we saw a death cross during a bull market reversal was in 2022 and prices dropped nearly ~70%. With current integration of Bitcoin in financial markets, we estimate to retest the trendline forming since lows of 2019 at 37k sometime in 2025, with a conservative estimate of 50% downturn from current prices.back to 55k and soon to break below 50k toward 45k

We are currently on high alert as Bitcoin tests the trend line from its recent recovery. While we hope this trend line will hold, leading to a rebound, we are prepared for significant concerns if it breaks. Should the trend line break and Bitcoin falls below the 0.38 Fibonacci retracement level, we could see a further decline alongside the US market amid political uncertainty.The key support level to watch is around $60,000. Any fall below this could push Bitcoin down to approximately $40,000 by the US election. Despite the recent downtrend, the volume has been decreasing, providing some relief. However, if we see an increase in selling pressure, we may need to adjust our positions accordingly and consider shorting the market until November 2024.Several indicators are crucial for monitoring this situation. The RSI, currently around 61.39, suggests bullish momentum, but any move below 50 could indicate increased bearish pressure. Additionally, the MACD is showing bearish momentum on the weekly timeframe, which warrants caution.Overall, we are closely watching these technical indicators and market trends to make informed decisions. We aim to position ourselves appropriately based on how these factors evolve leading up to the US electionfailed to break out. Now following the US market toward 60k. Last hope is FOMC meeting.Bitcoin is struggling with breaking out. Breaking below 63k could put higher pressure on the crypto market for a larger correction.Correction continues to progress. Soon should drop below 60k. Crypto diehard fans are still in denial.crypto falling hard again. The disbelief going around the crypto market is going to send huge shockwaves.Things might turn out more bearish than our initial estimates.Breaking below 60k would be a pivotal point for initiation of this downturn.We've been screaming about this drop! Would be a shame if some of y'all didn't hear out voice.Rejection after rejection! This scenario is forced to play out.continues to drift lower.

Given the political and economic challenges ahead, the crypto market is at risk of a significant drop. If the support level at $2800 does not hold during its next test, there is a high chance of falling to $2100. The market has formed a lower high in three consecutive attempts, and the failure to reverse at these levels would increase downward pressure. This, combined with the pressure on tech stocks in the US equity market, poses a major threat to the crypto market in the medium term.We are closely monitoring this situation and the support level. Considering the volume has been consistently decreasing since March, we are on high alert. If the support breaks on the recent downtrend starting July 21st, we expect further declines. There are many warning signs across different markets, and until the economic and political climate stabilizes, we anticipate this downturn to continue until the US election.ETH has been rejected a few times and it's struggling to keep up with the selling pressure. As the US market is under too much downside pressure, Crypto is going to feel the volatility and break supports.ETH has been stagnant and crypto die-hard fans are still in disbelief. 3000 mark is extremely important if it breaks down. Following such an event, the shockwaves should hit the market sooner than later.We have been warning about a crypto crash. Early signs are now showing themselves.lower and lower everyday.Too bad this post didn't get enough attention. It could've save you a lot of money. We tried hard to spread the word and warn our followers. We hope at least some of you were following and was able to secure some profit.Another rejection from the top. Crypto market is about to enter a very long winter.Target hit once already.

Today, Bitcoin hit 200ma for the first time since August 2023. Historically, that not a good sign for Bitcoin. There is also not enough volume to support a full recovering and it's beginning to show significant underlying weakness. This move, in the most bullish way possible, may be the formation of the handle of this a c&h around 40k.

LUNA's infrastructure collapsed a few days ago and the consequences has been devastating. Billions of dollars have been wiped out resulting in-95% lost in value. Now many Investors have lost confidence in stability of crypto ecosystem, specially altcoins, which could trigger a series of sell offs in other altcoins and crypto assets soon.Since this posts TOTAL dropped over 30%

Nope, not Bitcoin! At least, not so far. When the inflation is running hot and interest rates are about to jump up and there is a war going on, you can't forget about our good-ol friend, GOLD!Check this out! Gold is completing it's Cup and Handle and is getting ready to hit 2.5 or even 3k in the next couple of years.

The economic climate is not great and rates are going to go higher so I don't expect this to be a definitive bottom. Bitcoin seems to be close or above a temporary bottom preparing for a bear market rally. The bounce is happening off the weekly 200MA and should touch daily 200MA close to 0.382 fib level. Weekly RSI is similar to where December 2018 hit which started our recent bull run, but this time we have QT and rate hikes so a new bull run is near impossible. At best, this will be bear market rally. All in all, this is a risky investment because today the feds raised rates by 75 bps and expect to do the same in July if the data suggest they need to. The stock market which is closely correlated with BTC has prices in a 100 bps for today so a 75 bps caused a rally. However, July 75 bps may not be priced in. That means if we get any data that is unfavorable and suggest inflation is more persistent than fed's estimation, we are going to see a massive sell off. The next support is at 19.7k, 2017's high.Market is following 2008 crashing pattern and Bitcoin will go down with it. Stop loss at 19600.

Alice can quadruple within a year by the time of they release the game. This is a great price to enter and hold. They recently joined many different exchanged and has a lot of room to grow.