ONE - Crypto Insider

2022-09-02 12:52:34 Interestingly, the huge Head and Shoulders pattern (1D) also appears globally in the S&P 500 - but inverted. The inverted Head and Shoulders speaks of growth - right up to the incredible 5000 and higher! In the long term, of course.

What's this? The same market reversal that we've been waiting for so long?

#SP500 Open / Comment

2022-09-02 12:36:31 - Head and Shoulders pattern (4H) was worked out strictly by the book. The bounce occurred at 3904.

#SP500 Open / Comment

2022-08-30 18:44:45 On the S&P 500 we have a Head and Shoulders pattern (4H). Its fulfilment will lead us to 3900. This fits into my forecast for the continuation of the decline in BTC.

#SP500 Open / Comment

2022-08-27 12:27:05 As I expected - without any bounces, BTC continues to fall below the trend line with a likely stop at level #1.

This level of support is weak - here buyers aren't yet ready to greedily buy bitcoin.
Therefore, BTC will trade at this level during the weekend and fall even lower from Monday. Or fall through even until Monday.

#BTC #correction Open / Comment

2022-08-26 21:56:46 What do we actually have for BTC?

+ The local trend line, which has been BTC support for the last week, has been broken down.

+ The main trend line of the ascending channel, in which we've been broken since June 18, has been broken down.

It's really bad. Further, I expect the decline to continue in accordance with my previous forecast.

#BTC #correction #forecast Open / Comment

2022-08-26 21:53:20 Jerome Powell's speech wasn't very negative, but also didn't contain words of encouragement for the financial markets. Rather, it generated more uncertainty and questions than before the speech.

And the financial markets were not long in coming - the S&P 500 was the first to fall and continues to fall now. BTC and altcoins, respectively, also showed a decrease. DXY gave a predictable big green candle.

#BTC #Jerome_Powell #DXY #SP500 Open / Comment

2022-08-24 13:17:55 BTC is moving in line with the support trend line, forming a new local wedge. Usually such patterns end with powerful breakouts in one of the sides.

The breakdown will launch a whole chain of breakouts, which will lead to a rapid fall in BTC. I'm leaning more towards this.

I look forward to the next meeting of Fed Chairman Jerome Powell this Friday. If the Fed brings us good news, BTC, like the markets, react to growth, but if they start to scare you with plans to raise the rate, the markets may be negative.

For now, I prefer not to enter longs and just wait.

#BTC #correction #Jerome_Powell Open / Comment

2022-08-20 12:15:39 If it happens, as I think, and BTC fails to stay at the support level ($20,900) within the boundaries of the rising wedge, then how deep can it fall?

Here are 5 levels where I'm waiting for BTC. Each of which, except for the first two, can be a pivot point where BTC will change the trend to an uptrend.

1. $20,300
2. $18,600
3. $17,600
4. $13,200
5. $11,700

So $11,700 could be the bottom of this fall. At the same time, the fall from $13,200 to $11,700 is one powerful squeeze, after which there will be growth.

Once again, this forecast will come true if BTC does not hold at the current support level and the pattern of breaking the wedge down is worked out.

#BTC #correction #bottom Open / Comment

2022-08-19 16:22:03 BTC broke through the support level of the local rising channel and flew down. Finally :)

Further, BTC will hit the lower limit of the main ascending channel - today it's $20,900. This is a strong support level and there is some chance that it will hold. But in my subjective opinion, no.

If this support level is also broken, we are waiting for the completion of the bearish pennant with the bottom update for BTC, which I wrote about on July 12th.

#BTC #correction #bearish_pennant Open / Comment

2022-08-16 13:33:26 As I expected, BTC failed to gain a foothold above $25,000.

Barely touching $25,200, BTC quickly corrected down in a single big candlestick. This is a sign of weak buyers and strong sellers.

But it's still too early to say that this is the beginning of a big decline. As long as BTC has not fallen out of the trend channel, we can see a second attempt by the bulls to break through $25,200 in order to gain a foothold higher.

It's important that BTC doesn't fall below $23,650 - in this case, I expect a more rapid fall to the $23,000 - $22,400 area

#BTC #correction Open / Comment