Watching $1700, if lost I think it's safe to say this Bullrun is over..
If we lose it, the next several years should go as followed...
2022 bear market
2023 bottom out (LOAD THE TRUCK)
2024 HODL through the madness
2025 Become a millionaire
NOT financial advice :)
I believe bitcoin has entered its Bear Market. The Bitcoin Dominance chart is showing a similar double bottom pattern that we saw in 2018. At the same time Crypto TOTAL is showing a double top pattern which is bearish (Please see the attached image).
Also to include, Bitcoin and Altcoins are showing...
We hope you practiced some risk management for the last big BTC move, but here is your chance to protect yourselves again. It is safe to say the Bull Market run is over. The best we can hope for now is a few pumps to help us get out of some over-leveraged positions. None of this is financial advice and please understand that we are a neutral party. Not a Bull and...
Gold could be due for a years long correction down to A level at $1052 as that is the target of this Bearish Alt-Bat given the circumstances i wont be looking for any bullish setups on gold in the long-mid term only bearish ones.
This probably isn't a good sign for extended commodities either, the only commodities i will look for signs of bullishness in are...
Today I am showing my bitcoin Descending Wedge Bull Trap Scenario. We have seen this pattern at the 60k area and now we are seeing it yet again in the 40k area.
Here are the Technicals:
1. Bearish Price Action - Volume is going up as Price is going down
2. Weekly/Monthly showing signs of cycle exhaustion. - The monthly Chart has maxed out on...
Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals:
1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving...
Key elements on this chart are:
- 50D MA
- 200D MA
- 200W MA
- Death Cross
- Golden Cross
Idea is based on the assumption will reject from 200D MA or break above but fail to reclaim 200D MA as support.
The bottom is estimated at a touch of 200W MA end of this year.
Pretty damning price action evidence that we have a 1:2 scale version of 2013's bull market into bear market at play.
We've hit some key fib milestones along the major wave as marked by bullseye icons.
If we can't get back above the 0.5 fib, I might just side with the bears.
Cautious until we get above it.
If we get above it, I think it'll get out in a...
These past few weeks have seen a lot of red with little upside. A lot of influencers and "analysts" on twitter are calling for a breakout. I generally flock opposite of the crowd. In my opinion, Bitcoin is in a bear market. It is below the 21EMA weekly, 200 MA Daily, 200 EMA daily, etc. What I am trying to say is that bitcoin is below every single...
My view on #bitcoin non-religiously considering the simple facts.
Short-term we are going to be ranging between 200 DMA and 21 WMA, with strong rejection from 200 DMA sealing the faith of this dead-cat bounce.
From S&D perspective #bitcoin is now completing the rally-base-drop reversal pattern perfectly.
I will be saving all money I can to buy the 200 WMA.
Today I would like to show you all an interesting comparison I found on Bitcoin. One popular tool for predicting a long-term bull market or bear market is the crossover of the 50 MA and the 200 MA on the daily time frame. When the 50MA crosses above the 200MA, this is called the golden cross and more often than not will lead to multi-month or multi-year bull...
Bitcoin has seen pain these last few weeks. There are traders that think bitcoin is still in a bull market and traders that have turned to the bear side. Here are my thoughts with analysis:
Bitcoin has done a perfect wyckoff distribution that resulted in a massive head and shoulders pattern forming then being confirmed. Hence why price dropped...
Since both our analyses on AUDUSD and EURUSD are bearish, we aren't surprised to see bearish activity on GBPUSD as well. Base off of drawing a standard deviation from high time frames into the H4 time frame where we plan to execute our trades, we can clearly see opportunities for bears to continue to enter and exit on this pair. Drawing a fib off the H4 from high...
DXY is looking bearish and is forming a Head and Shoulders pattern on the daily timeframe.
This is a really good sign for crypto in the mid to long term.
You can see the S & R levels if it plays out.
By now, price has wiped out the 2 month timeframe range expansion stop loss area, basically retesting the yearly open price. People are now buying into YET another 'technical analysis' excuse for NOT selling and or buying into it on margin once again. This will keep going until the market bottoms. The reason bear markets are so annoying to trade is this, people...