Helloow fellow gamblers!
In these charts, I am looking at MACD in 2014 and 2018. Top left we have MACD on 5d timeframe in 2014 showing strong bullish divergence. It is the first time that happens after ATH and puts an end to the down trend. In top right, MACD on 5d in 2018 does not show any divergence. Can we conclude that the bear market is not over yet? IMHO no, because things might be happening faster in 2018 vs 2014. I tried to measure the speed difference between 2018 and 2014 crash in my previous TAs. The max difference that I found using regression trend tool was 1.5x. In my previous bull trap fractal analysis, 2x seemed to work well considering MAs and price pattern. So I searched lower TFs in 2018 to find divergence as you can see in the next two charts. In 3d TF we don't have any divergence. In 2d TF we have a bullish divergence of almost equal amount. So, if we assume that 2018 is going 2.5x faster than 2014, we might have found our bottom. Please don't do this assumption for your trades. This is just a discussion.
I know that a lot of things r simplified in this analysis. I am posting this idea to get your feedback. I am not interested in pure bullish or bearish feedback. I am not concluding anything in this post. I am staying neutral for now. Closing daily above, 9.2k, I see a good chance of breaking 10k and the next resistances as far as moon. Closing daily below 7.8k, I see a good chance of breaking below major supports around 6.5k and 6k and going as far down as 5k, 4k, 3k and even 2k.
Don't forget to like if you wanna see more of these ideas.
/:D
I fixed the top right chart in this image version:
In these charts, I am looking at MACD in 2014 and 2018. Top left we have MACD on 5d timeframe in 2014 showing strong bullish divergence. It is the first time that happens after ATH and puts an end to the down trend. In top right, MACD on 5d in 2018 does not show any divergence. Can we conclude that the bear market is not over yet? IMHO no, because things might be happening faster in 2018 vs 2014. I tried to measure the speed difference between 2018 and 2014 crash in my previous TAs. The max difference that I found using regression trend tool was 1.5x. In my previous bull trap fractal analysis, 2x seemed to work well considering MAs and price pattern. So I searched lower TFs in 2018 to find divergence as you can see in the next two charts. In 3d TF we don't have any divergence. In 2d TF we have a bullish divergence of almost equal amount. So, if we assume that 2018 is going 2.5x faster than 2014, we might have found our bottom. Please don't do this assumption for your trades. This is just a discussion.
I know that a lot of things r simplified in this analysis. I am posting this idea to get your feedback. I am not interested in pure bullish or bearish feedback. I am not concluding anything in this post. I am staying neutral for now. Closing daily above, 9.2k, I see a good chance of breaking 10k and the next resistances as far as moon. Closing daily below 7.8k, I see a good chance of breaking below major supports around 6.5k and 6k and going as far down as 5k, 4k, 3k and even 2k.
Don't forget to like if you wanna see more of these ideas.
/:D
I fixed the top right chart in this image version:
Comment:
We have bullish div on MACD 1d to 4d.
Comment:
Previous one is in 4d TF and there isn't any div prior to the first question mark. This one is 3d TF and there is a bullish div prior to each question mark.
