I have been considering the 2008 analogy for some time. I tried to find an important price resistance and I found it. In 2008, the worst drops started at 1313 and it was a fibo retracement of about 47,5%. Today, a similarly important level, in my opinion, is the retracement of 3939, which is also about 47,5% fibo. Of course, I don't expect a perfect rebound of the...
The Bitcoin Bear has about gathered enough scraps to scurry back into his cave for hibernation. The monthly macro chart outlook showing signs closing in on the start of the next Bull cycle with CCI curling upwards along with Macd histogram color change. There is still a possibility of one last test of the june lows for a final shake out, wishing good health wealth...
Simple Long-Term Prediction:
Since its highest price, BTC has been in a downtrend but It is hard to label it as a bear market. I am seeing it as a reaction that brought us to the significant support level which has been seen as the last pillar of hope with an enormous amount of fear.
If BTC can defeat the emotional level of 21.5k, It will give more buying...
In September 2022, we warned investors about the volatility creeping back into the market and set price targets of 30 USD and 35 USD. Subsequently, in the following days after our warning, VIX skyrocketed, hit our price target of 30 USD, and halted its rise at 34.88 USD.
Despite the index halting its climb merely 0.12 USD below our price target, we remain very...
The VIX will spike again, nothing to do about it.
Fundamentally, a perfect storm is brewing.
We had/have many events in the markets:
- Covid Pandemic
- Supply Chain Disrupted
- Ukraine Invasion
- Russia Sanctions
- Inflation Spike
- Energy Crisis
- Global Drought
- Interest Rates Hikes
What's next, a full-blown WAR?
Hyperinflation during bear market - same marketcap as we had in 20c in August 2021
The team has bad image - team scolding people in Telegram (already deleted), I have screenshot in case people say I am lying
Not listed on any major exchange since listing - hyped up Binance, never came
Still no use case
Slow chain, slow finality - eth2 coming so completely...
Company : DraftKings has been showing Extreme Relative Strength after a nearly 100% move from its June Low to Recent Bear Market Highs.
This Relative Strength is not from nowhere and definitely, can be attached to DraftKings leadership in the Sports Betting & Gambling industry. DraftKings has opened up huge money-generating partnerships with NFL, and other large...
US Bonds breaking decades long downtrend, interest rates rising sharply with dollar strength
Heavy break in structure to the upside, no resistance structures left
Bear market likely ends at 1984 levels, #DXY highs
Further global escalations are to be expected
This Volume Flow indicator shows both in flow and out flow volume . In June, at the current bottom, you can see sell pressure peaked dramatically, and has since waned. Buy pressure, conversely, and gained momentum. They finally crossed over on the weekly. In my previous idea I point out how this same, particular Volume Flow indicator signaled the end of the 2018...
We are unveiling our finals paths based on the completion of waves 1 and 2 inside of our suspected final downturn for 2022. We believe we are in Sub-Millennial wave 1, Grand Supercycle wave 5, Supercycle wave 2, Cycle wave A, Primary wave 5, Intermediate wave 3, Minor wave 3, and believe we may have completed Minute wave 4 at the close on Friday. Our next steps...
Primary Chart: MATIC Price Chart Showing Overhead Supply Zones and Fibonacci Retracements
MATIC Network Shows Strength in Recent Months Despite Being in a Bear Market
As shown in the Primary Chart above, MATIC network's price continues to trade well below all-time highs of $2.92 / USD. No argument can be made that it has overcome its bear market just yet....
Hello Traders 👋
This is a small attempt to analyze the BTC/USD through the lens of historical time cycles.
I can observe, on this monthly log chart, a 4 year correction cycle -- 2014, 2018 and now in 2022
Dip = -86%
Dip = -84%
Dip so far = -74%
The previous bear markets ended with a dip of...
The market is currently bullish, and it continues to be bullish until the market says otherwise.
This idea is not to try to be a fortune teller, telling the market what to do,
but a possible scenario that could happen so if the market is deciding to act on it, we will have it in our mind and follow its bidding to the downside.
The trend is your friend, so...
Here's a quick look at the daily BTC chart. As we can see, the bearish trend continues, and the price has been trading within a descending triangle formation for some time now. If the price breaks below the descending triangle, then the price will very likely end up at 14K! The price must stay within the triangle to avoid further downside!
I must add that SPX500...