I've been waiting for this cross for quite a while.
Weekly short-term averages crossed over which is followed generally by a significant drop. In bitcorn's case, the best target we have at this point is the 200W MA at 23,000 currently. This has held up after every bear market since its inception. Weekly RSI has been sub-50 since Dec '21 which corresponded to the break of the 3yr parabolic curve shown, which indicates a bear market. Everything looks on-track for the 2018 crash but it will likely be more of a slow drip with one larger push to the bottom rather than the sideways motion of 2018. Stock market looks just as horrible which supports this idea. Thankfully we're pretty close to the end of this cycle so we should make it out by September (based on this chart). Let me know what you think!
Weekly short-term averages crossed over which is followed generally by a significant drop. In bitcorn's case, the best target we have at this point is the 200W MA at 23,000 currently. This has held up after every bear market since its inception. Weekly RSI has been sub-50 since Dec '21 which corresponded to the break of the 3yr parabolic curve shown, which indicates a bear market. Everything looks on-track for the 2018 crash but it will likely be more of a slow drip with one larger push to the bottom rather than the sideways motion of 2018. Stock market looks just as horrible which supports this idea. Thankfully we're pretty close to the end of this cycle so we should make it out by September (based on this chart). Let me know what you think!
Comment:
yeah