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Cryptocrash

TOTAL Crypto Market Cap - Further Downside to come?Seems we have experienced a double top recently on the charts, followed by a trend and a support break. Watching RSI very closely for a break of the 50, but at this stage it looks like the retest of resistance at 2.199T hasn't gone well, pushing back down to 2.04T. Right now, if we don't clear this 2.199T level, I'm expecting a landing zone around 1.81T as a first move. Will need to reassess after that. What are you seeing on the chart today?
CRYPTOCAP:TOTALShort
by glennleese
Cardano Flash Crash to new collection of demand.After the flash crash this week, we are seeing orders collecting at a predefinded demand zone. Should the price continue upwards from this zone, we will likely see resistance at the previous supply zones and, therefore, potential consolidation around these price points before the market decides the new direction. We should pay attention to the sentiment of Bitcoin and whether that $52,000 price point can be broken and used as a support as this will influence our other cryptos in a bullish direction. Wait for confirmations, don't rush any trades and guard the profits made on this most recent bull run.
ALong
by dmchardy98
ETHUSD BEARS ARE IN! Back to 1400. #ETH #CRYPTOCRASHHey guys, I am here with another analysis and this time it is on ETHUSD. Please do like, comment and follow for more. On daily, we saw the cryptocrash affected ETH alot and literally brought it below the 3000 level. Which is a good emotinal key level. What I think might happen is this, ETH will break the 3000 level and stay above it for a while, there will be some bullish sentiment but then we will see a huge sell off. On H4, we can clearly see the breakout and retest strategy that can be played out on this and we all can profit from this by entering shorts at the 3150-3200 level. Please know that crypto is really volatile so always use less leverage to trade on futures. And for spot, I would recommend if you have ETH hold, the long term is bullish and you can buy more at he 1400 level. Lets see how it plays out.
Short
by saynfx
Lost your capital in crypto-trading? What went wrong?Crypto-currencies offer the excitement and unbelievable returns within a short span of time. No wonder, so many youngsters opened Trading Accounts in past few months and were laughing their way at classical traders who kept themselves confined to stocks. What went wrong? Crypto-currency has no intrinsic value unlike the dollar/euro or any other official currency which is backed by the central bank in your country. As experts say, a currency can not be people's currency if its daily fluctuations can be + or - 30% or even more. Would you like to get your salary in Bitcoins if you fear it might dip by 30% next day? Most of the speculators were thinking that there is only one way for the crypto-currency to go: that is up. And hence, they kept holding their currency, even when technical indicators were shouting out to exit. Also, many new traders do not know that you can earn both ways: during up move also and during down move also. For example: You can exit your holding in bitcoin and then short sell bitcoin Futures or Buy Put Options if your technical indicator tells to Sell. When a stock or any other instrument gets pumped up, a time comes when the last speculator has already bought and after that, there is no demand. At this juncture, everyone becomes a seller, and if there are no lower circuits imposed by regulator in your country, the underlying instrument can dip to any low. How you can avoid getting caught in a situation like this? Make good use of a good technical indicator which acts on 02 levels: (a) Reacts to Flash momentum (b) Reacts to Slow rise/fall. This ensures that you are never too late to Enter or Exit.
BITSTAMP:BTCUSD
by jellygill
A Retrospective: Bitcoin's biggest pullback of 2021Hello traders, recently we have seen Bitcoin plunge along with all the other altcoins and I'm sure anyone left bag holding will be looking for answers. We have all seen headlines about Elon Musk, China, Binance investigations, and various other "allegations" Let me just give it to you straight, you can believe whatever you want. In my own non-expert opinion, Elon Musk cannot make the market move this drastically. If Elon really managed to convince every single person to buy his DOGE, BTC will be crashing and DOGE will be on the moon by now. The fact is that Elon, China, even the Biden tax proposal are simply headlines, scapegoats. People demand/need answers and the news will satisfy these people with whatever justification they can find. Bitcoin plunged the past few days but look at the rally it has made this year. It's literally like a rocket to the moon, it may have reached it or it came crashing down, regardless, it's time to come back to earth. The market has been overbought for months, in recent weeks, exuberance around BTC breaching new ATHs caused many traders to become overly bullish. Excessive leverage trading, immense greed, and weakening momentum in the uptrend of crypto are just some reasons why prices kept dropping. In a market with high momentum, selling can beget selling just as easily as buying can lead to more buying. As retail investors we are reminded of the fact that prices can indeed go down and are not just a one-way rocket ship, you don't come and invest in crypto preparing to make massive gains with zero losses, investing in crypto coins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. A market crash or correction can happen anytime especially in a volatile asset class like crypto. I believe when people start finding a good price to enter again when the market starts consolidating, we will see BTC rise again (not bounce right back up). Right now, all we can do is do our own TA and realize how all of this makes sense, take a deep breath, find that opportunity and take it. Disclaimer: Not financial advise, just my own dumb opinions.
B
by DoomRanger
The Corona Virus Conspiracy ------ WAKE UP IT'S ALL PLANNED MartyBoots here , I've been trading the markets for 13 years and I have see this Panic before What is unusual is that the Corona virus could have actually been used to manipulate the masses and even other countries Who needs real war when you can just create a deadly virus Anyway let me know in the comments what you guys think Please like the Video to help my work This is not my normal video , I just thought I would put it out there because there are a few very fishy elements to this situation , this is also evident in the charts
TVC:SPXLong
by MartyBoots
32
MapleChange , Bad Psychology and the collapse of BTCThis Morning at approximately 7 a.m. , the price of Bitcoin and other major cryptos began to fall precipitously, as the market had finally exhausted all of the automated buy in positions hovering around 6400.00 and slightly below. The rubber band like snap back behavior had lessened over the past few days, until it became too tenuous a hold, and there were not enough limit buy's in place and BitCoin is now trading at 6268.65 U.S.D. The collapse of Maple Change is in my opinion partly to blame, it is unnerving to say the least that Hackers can rob one so easily of their stored currency, touted recently as "less volatile," and a "safe haven" in the coming storm. The price of Bitcoin is attempting to recover , as this mornings action, which in my opinion was actually necessary for Bitcoin to move in any direction , has put the flagship cryptocurrency quickly and decidedly close to a supply point. Nobody seemed to want to do anything with the price so firmly affixed to the 6400.00 U.S.D. mark it has stubbornly remained at for so long; but now people are and will be compelled to DO SOMETHING. Caveat Emptor.
BITSTAMP:BTCUSD
by Cryptocautious
BTC/USD down trend channelPersonally, i don't see any signs of a reversal yet (unless we continue this bounce above 10k). Big accumulation zone is highlighted in the rectangle. The lower green trend line is a long term upward trend line that was established prior to the recent parabolic move. A correction to this level should signify a big buying, and should be enough to push us up and out of this down trend channel. Personally, I am opening positions when the price dips down to the lower support of the down trend channel and at the key support lines drawn. I think we have about 2 weeks before we see any full on bull confidence.
COINBASE:BTCUSDShort
by kevincantone4