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Pain

Say it with me....au·dac·i·tyNo charting today just some good Sentiment for you to consider...Stay Calm, Stay Humble, Stay Focused. Good Sunday to all the followers and supporters of TheShark. Its appreciated and I continue to try to add value to assist you along your journey of these amazing market cycles. I have received close to 20 emails in the past couple hours. I respect the worry and fear that many of you are feeling right now. Truth be told its a legit worry and the risks are huge in crypto. Lets get something straight if you have the audacity to make and expect the kinds of returns that crypto has gifted many of us with you must understand the risks associated. I wish assets like ETH and Bitcoin could just climb forever and never look back but that is just simply not how free markets work. If you want the chance at generational wealth you gotta have the guts to buy this stuff when no one else will. Buying the crypto covid crash was one of the scariest moments of my entire life. However this was the best decision I ever made except marrying my wife who gifted me with a house full of little girls ;). Do you find it odd that so many of the traders and youtubers are all so negative right now about crypto? I haven't seen it this negative since Covid. This should be your very first clue that we are ready to rally again. So many say they will buy the dip but lack the fortitude strength to push the button. Did you see ETH bounce off the ETH/BTC .030 mark like I mapped out last week? For the most part Shark Supports on both Bitcoin and ETH held up just as suspected. You can never be perfect in trading but the quest is to get close. I strongly suspect that this last swell downward will be our last downward move before this market just takes off again. So if you're still here with me compliment yourself for hanging tuff I know how stressful this can be and emotionally how taxing this stuff can be on life, family and your happiness. Remember that anything worthwhile comes with risk and comes at a price. Sacrifice brings opportunities to the few willing to take the risk. For the faint of heart you would do well to not check your account balances today. Shark is going to hop on the phone and get the whales on board. Don't think I won't! Is 40k on Bitcoin still in the realm? Yes is possible. Is ETH 1100-1200 still on the table, it sure is. Will you ever bottom these Assets perfectly? NO. But Shark is going to get on the phone and I'm telling you I bet we don't see these levels today and that next week we seatbelt up and start the next summit higher. This big move could even start late afternoon or evening today. I have some good charting indicators that support this too. I feel like trading view does a great job showcasing every traders ideas thru charts but this game is not all a science. There is an art side and an emotion side that doesn't get told enough on here. Charts don't give you the guts to step in or the strength to hang on. Ask yourself can I hold my position until the end of May or First part of June? If your answer is yes I really think you will like the outcomes of where this market is headed. If I helped you in anyway today or the countless charts I posted last week hit the like follow the Shark and join the Shiver. I don't regret any moment of my 40 years of life yet because I always went the opposite of everyone else. You have a chance at something amazing right here. These entries on BTC and ETH (Not ALTS) are some of the best I have seen in crypto. There will be a time to close shop take the earnings and leave this space but that time is not yet. Shark will show you the way. BRONSON-TheSHARK
COINBASE:BTCUSD
by Bronson-TheShark
5
Bitcoin, looks very concerning, Chart should target Max Pain!Hello fellow bulls and bears, And welcome to our Bitcoin, $BTCUSD analysis, The chart is mimicking several previous "top" formations with key fibonacci rejections. In our opinion if BTC fails to rally above $37,000 and close above, then the coming weeks will be full of pain and misery for bulls. -One of the fundamental problems with being bullish, is that 99% of bulls have no backup plan, and their original plan is fueled by hope and greed. Markets tend to not reward the hopeful, nor the greedy, and charts can only rally to new highs after all hope is gone. The above being said, and by the appearance of the chart, our maximum pain target is around $23k, possibly $18k. All the above is contingent on a close above $37000. If BTC can push above, then forget the Max Pain scenario. But if it doesn't.. Trade safe, no fud, stay objective, and learn from the chart's historical candles, and not from your own mistakes. One is free the other costs $$. Stage a backup plan, and let the market do the decide. In terms of fundamentals, the "demand" looks strong, with $WSB $DOGE $GME hype, so in terms of being a short seller, yesterday's spike and 61.8 rejection was the perfect rally to short into. Distribution during peak of new demand is a recipe for crushing hope of all new buyers with a max pain scenario. Attract new market participants, give them some green candles, then distribute into that high volumeme rally. Many institutions accumulated their BTC during the 2018-2019 bear market, at $3k, others at $4k during the covid dip, and they've enjoyed an astronomical ride up. When distribution? If not during yesterday's hype and in the coming week, then I'm not sure..
COINBASE:BTCUSDShort
by CoinObservatory
5
Stand or fall, state your peace tonight!I can't predict the future, unlike many of my fellow traders. However, I know a bad weather setup when I see one. Have a look/listen. I don't like what I see. I see storm clouds gathering. I see delusional pumping of a market. I see a deep disconnect between reality and sentiment. I see momentum falling off. But make no mistake - I do not underestimate the power of the FED to pump! The FED's so-called 'balance sheet' has gone wild and is set to go orbital, in a do-or-die attempt to save the economy. They have the power to print - and oh boy, they're gonna print! The balance sheet can easily head upward of $50 Trillion. This means the market could do a 100% retracement, from 23 March 2020. Along the way people are gonna wake up to " What's the value of money? ". This could send Gold into orbit as well - but if the market crashes don't expect too much of Gold. What's keeping this market up? FED cheap money for sure - and the FAANG stocks. That's about it. Fundamentals are about reality. Sentiment and technical analysis are the fantasy (which we normally exploit). What happens when reality catches up with fantasy? PAIN! Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
4
PTIE - Symmetrical Triangle (Continuation) - BullishTechnicals: Bullish Signals from: Symmetrical Continuation Triangle Expected Price Target: $6.00+ Timeline: 4wks Bollinger Bands – W Bottoms Last bottom lower than the prior with bonce toward middle. MACD Line cross-over with upward direction. Parabolic SAR Start of uptrend with 1 period. Awaiting more confirmation. Net Volume on rise. Conclusion: Short term – Buy signal after confirmed Parabolic SAR signal and top breach in bollinger bands with further increase in volume. Long term – Company outlook too risky however monitor potential drug approval. If approved, access market for potential sales which appears to be high at this time. Invest in other companies involved in benefiting from this. The post is to be updated below based on changes in the market. More @ www.projectfortune.com Based on updated chart, this is a no go. Disclaimer: The information discussed above may be false and opinionated. Market trading involves risk and should not be invested in solely based on the discussion above. The author assumes no liability for any losses or expenses
PLong
by projectfortune