I've learned charts of BTCUSD (2017-2019) and DJI (1929-1933) and found out that there is a big chance to see long term downtrend after first bounce from the bottom.
Situation is quite equal to BTCUSD Dec 2017 - Jan 2018, when price bounced from 11.400 (~-40% from top 19.400) to 17.000 (+50% from bottom 11.400). I remember that time - many people expected new all time high in 2018.
Nowadays i see news and forecasts, telling us about new highs in Stock Markets due to unlimitted QE policy of FED. I think this is wrong forecast. I expect government to buy assets from financial companies to give "cash" trying to avoid inavidable disaster. And there is no nessecesary in new high for this. I think this disaster (long term downtrend) is going to happen, because this is normal part of trends (sometime up, sometime down).
Comparing chart of DJI 1929-1933 to nowaday i see, that it was down impulse Sep 1929 - Nov 1929 (~-45%) and move back Nov 1929- Apr 1930 (+36%). It is quite similar to my expected scenario that i will tell you.
I am learning zones of buyers and sellers. And my technical analysis is built on this zones and levels of support/resistance.
On DJI chart i see:
buy zone - 18.100-20.000. This is zone, that i've expected to stop falling and to start bouncing up.
sell zone - 25.377-27.777. This zone is similar to 270-295 in 1929-1930.
Today i see that buyers won previous day and took 25.377 closing the day candle upper this level. I expect that buyers saw this signal and they will make up-impulse today. Also i expect price to stay in sell zone 25.377-27.777 for a few weeks.
I will add new ideas to this analysis in future, when chart will give new signals.
Situation is quite equal to BTCUSD Dec 2017 - Jan 2018, when price bounced from 11.400 (~-40% from top 19.400) to 17.000 (+50% from bottom 11.400). I remember that time - many people expected new all time high in 2018.
Nowadays i see news and forecasts, telling us about new highs in Stock Markets due to unlimitted QE policy of FED. I think this is wrong forecast. I expect government to buy assets from financial companies to give "cash" trying to avoid inavidable disaster. And there is no nessecesary in new high for this. I think this disaster (long term downtrend) is going to happen, because this is normal part of trends (sometime up, sometime down).
Comparing chart of DJI 1929-1933 to nowaday i see, that it was down impulse Sep 1929 - Nov 1929 (~-45%) and move back Nov 1929- Apr 1930 (+36%). It is quite similar to my expected scenario that i will tell you.
I am learning zones of buyers and sellers. And my technical analysis is built on this zones and levels of support/resistance.
On DJI chart i see:
buy zone - 18.100-20.000. This is zone, that i've expected to stop falling and to start bouncing up.
sell zone - 25.377-27.777. This zone is similar to 270-295 in 1929-1930.
Today i see that buyers won previous day and took 25.377 closing the day candle upper this level. I expect that buyers saw this signal and they will make up-impulse today. Also i expect price to stay in sell zone 25.377-27.777 for a few weeks.
I will add new ideas to this analysis in future, when chart will give new signals.
