Hi ,, i would make it easy and simple and short as you see guys in the charts the rule or the theory i discovered it will be as following every major drop for weekly you will draw down trend line from the top of the week in bull market the down trend line will break from 3-6 weeks max (mostly 3-4 weeks) if the the 6th week close without able to close above the down trend line then will indicate very high chance of start of bear market .. will confirm the bear market if we close below 20 EMA or 20 SMA or both the bear market could last from 9 to 85 weeks max as per the charts
ok so what about now well as you see guys we are in the 6th week now if this weekly candle close and we couldn't break the weekly down trend line then this is very likely to be start for new bear market and you can confirm as i said by going below the 20 EMA or SMA
in case we entered bear market please guys wake me up when everyone hate bitcoin so hopefully i can grap some
ok so what about now well as you see guys we are in the 6th week now if this weekly candle close and we couldn't break the weekly down trend line then this is very likely to be start for new bear market and you can confirm as i said by going below the 20 EMA or SMA
in case we entered bear market please guys wake me up when everyone hate bitcoin so hopefully i can grap some
Comment:
we are about to close the 8th week and still we couldn't break the the down trend line this is the first time ever we do that in bull market as i mentioned and as you guys see in the charts we usually take 3-6 weeks max (mostly 3-4 weeks) .. this indicate very high change we are in the beginning of bear market it can confirm if close below the 20 EMA and 20 SMA