BTCUSD
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OK Here it is. . . The BULLISH/BEARISH ZONES. Originally Posted Back in SEPT 2021. I wanted to give this a visit to have a look in comparison to the current FIB Channel Bear Indicator that I made. They are in direct correlation. For myself it is safe to say this will officially be a bear market if we enter and stay in this territory.
Bear Market Alert Also - Save This Chart By Clicking The Bottom Right Share Icon & Then Click "Make It Mine" Or Visit Back Here:
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".)
CRYPTIK-ONE: Eve, BTC is ready to enter Bear Market Territory.
EVE: I would say 3-6 months. We saw a short dip down to $29,000 but BTC has recovered quickly. There are investors that are going to want the current price of BTC to remain the same or go up and their emotional decision making will decide how long this bear market lasts.
CRYPTIK-ONE: Thanks for your time estimate. . . I agree with you on the emotional decision making also. The Fear/Greed Index is your friend. Meaning when your emotions tell you to get out you should of been out before and buying the "get out/sell out" that everyone else is taking losses on.
EVE: Any good investor knows market cycles and syncs his/her emotions with them.
CRYPTIK-ONE: I like that. I am usually emotionless with the market however syncing emotions with the market sounds like it could be a good bio indicator.
EVE: Yes! And remember, we are all in this crypto game together.
CRYPTIK-ONE: Yep. Thanks Eve. Anything to say to our 419 followers on @TradingView before we go?
EVE: Enjoy crypto and always be ready to make a plan B because sh*t happens.
CRYPTIK-ONE: Peace Out Girl Scout.
EVE: A KISS to all the followers! Too bad I am too short. Sometimes you have to put Eve in the Sidelines, LOL. Thanks again @CRYPTIK1 & trade carefully, my friends! Be sure to follow us on TradingView!
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So far the start of a nice little bounce off of that Bear Fib. Channel. If You were waiting for a "Buy" opportunity the time is close. BTC doesn't like to be in the $20K range. Even if we go into a Bear Market this is a scarce asset (only 21M coins EVER!) The next halving will be here before we know it and when we pass $50K we will not look back as we head towards $100K. US Fiat Inflation is already about 40% on average. Things like lumber are over 130% inflated.
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We may see some sideways action for a few weeks before moving back up again. I am watching these Fib Channels to see a healthier bounce or return.
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Just dollars away from $28K. The Bear Market Alerts were coming in!
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Bear Market Fibonacci Speed Resistance Fan Rejection. It appears we are entering a "Bear Market" I would give it a few days maybe of being in this bear territory to officially call it however personally I believe we are in a Bear Market. I do not get into the news and politics however from an economic standpoint China and Russia are putting the U.S into a squeeze, not to mention in the first year of Corona they printed (entered into a computer) more USD (in 1 year) than in all of the history of the United States. Hyper Inflation is eminent.
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With the Hyper Inflation statement. . . To clarify this still makes BTC a clear "Buy" as an Inflation Protection Asset. Just gotta see where we can hold for a longer position. As of now it's a Hot Potato.
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More Breaking Down. . . Next Stop $26,500.
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EXTREME FEAR IN THE MARKET
Does this mean we will blow through S2 and head to S3 (possibly blowing through this) at $25K? Time will tell although the probability is increasing by the minute.
Does this mean we will blow through S2 and head to S3 (possibly blowing through this) at $25K? Time will tell although the probability is increasing by the minute.
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Back in that Bear Territory.
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NEXT STOP $24K
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WE'RE OFFICIALLY IN A BITCOIN BEAR MARKET!
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Here is the other. These Fib Channels are solid for trading.