cryptodecoder

cryptodecoder

I saw these loosely drawn charts on social media claiming that "The majority of the decline in these bear markets occurred after the FED's Pivot". I wanted to check for myself... I guess it all comes down to the little trick of perfectly identifying bear markets... in hindsight... But if you look at what happens at the first rate cut, it is only a weak...

cryptodecoder

The 2013 bubble (top) popped with an 87% correction. The 2017 bubble (bottom) popped with an 84% correction. If history repeats, we can expect 2019 to be a long anemic flat period, comparable to 2015. My best guess is that the 100 and 200 day moving averages will need to go flat for some time before we can see a recovery.

cryptodecoder

Here are some famous BEAR calls that have been qualified as "news manipulation". The only thing that appears clearly to me is that all these predictions were made when the market was **already** falling.

cryptodecoder

Support at $3500 broke. If we close below $3500 today, next support is most likely below $3000.

cryptodecoder Updated 

Market seems to have left downwards channel but doesn't fully embrace upwards pitchfork either. Expecting a range with probable triangle formation inducing low volatility until the end of the week. Expecting breakout of triangle during week-end.

cryptodecoder Updated 

Are we starting a new upwards channels or did we just finish an ABC correction in the downward channel?

cryptodecoder

Here are 2 counts that both suggest there could be a reversal at 7660. (sorry for my previous chart which as not precise enough ;)

cryptodecoder

Potential long term Elliott counts showing where correction may start. My preferred count / reversal point would be Cyan 3. I would guess a part of the market is looking at Yellow 5, but I find yellow 4 unconvincing (looks too small of a correction to me).

cryptodecoder

Yellow count is the most bullish I can come up with at this point... and I hate to say it but my bearish count seemed more convincing :p

cryptodecoder

Bearish scenario: 1: wave (b) retraces to fib level 0.5 (red fib, red arrow) 2: wave (c) = .786 of wave (a) (yellow fib, yellow arrow) ...which matches $4500 level ...which matches wave C = 1.0 wave A (blue fib)

cryptodecoder

2014 had a little spike of hope before the final straw down... Could this be 2018's reproduction of the same pattern?

cryptodecoder

Before we become bullish again on the daily chart we still need: - A break of the previous high at $7750 - A break of the 100D SMA - A higher low

cryptodecoder

On the daily we are still below the 100 day SMA. On the 2 hour chart, it's interesting to see how we push through the gap between 100MA and 200MA.