Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART XII. Even though Bitcoin has surpassed its All Time High of April, i still believe that an epic fall awaits us. A huge bearish divergence on the RSI has formed on the monthly chart. We also see that the monthly chart closed almost exactly at 161.8% of the wave (a). The wave target...
Let's look at the whole history of DXY. We can draw a huge descending channel here. For the last 5 years we have been moving in a triangle. Now we've broken out of it. Which is a strong bullish signal. We will probably go test the upper trend line of the huge channel for about 135 points. If this channel is broken in the future, it can go up to 270 points. That...
On the chart we see a typical bubble in each phase. Note how long the distribution takes and how long the accumulation lasts.
On oil, we can see a huge declining channel on the logarithmic chart since the last crisis. This channel was tested and rejected in October. In mid-January, the channel was breakthrought and tested. If we want to specify a target, we move this channel up. According to the Fibo extension, which we will stretch from the low from 1998 to the peak before the crisis of...
I have given a similar chart at ETH in the past. This is modified. Wave (c) should be much longer than I drew earlier. If we also look at the monthly chart, we will see a huge bearish divergence on RSI. On the chart we see that the potential bottom is somewhere at the bottom of the (II) wave. There is now a huge amount of Retail in the market that is profitable....
We can see on the chart that the all time low was reached in January 2018, when Ethereum reached its previous all time high. This was the fifth wave of the supercycle. This graph correlates with my analysis of BTC and altcoins. Most likely we finished wave (b) and now we are in wave (c). We can also see this on BTC. Wave (c) should reach almost 95%. This will be...
On the chart we see a declining wedge, which has formed since March 2020. On February 1, 2021, it was broken up. Then we see the formation of the double bottom. In June 2021, DXY began to grow and followed the trend. He subsequently tested strong resistance 94.5. It was not until November 10 that this level was surpassed for the first time since July 24, 2020. I...
It seems that the S&P 500 has reached its peak. We'll find out later. If we look at the long-term chart, we can draw a huge fibo channel. FINAL TARGET would mean a decrease of approximately 62%. ALT. POTENTIAL BOTTOM would mean a decrease of 68%. On the chart we can see 5 waves and abc expanded FLAT correction, in which wave b returns almost 161.8% of wave a....
Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART XI. I am still convinced that we are in the wave (c) of the supercycle and we will see a huge fall, the biggest in history. We can see a lot of evidence on the graph that signals this. The peak we could see at 65K was not as typical as the previous main peaks. it had an arcuate...
On the monthly logarithmic chart we see a huge downtrend channel and now we are at the top line.
This chart correlates with the dominance analysis. Note the triple bearish divergence on RSI, which has never been on the chart in history. This correction is called Expanded Flat. In this correction, the largest wave (b) is that exceeds the fifth wave. In expanded Flat, wave (c) should return at least 138.2% of wave (b), equivalent to $ 17.51. There Ethereum...
Bitcoin is currently at a crossroads and is deciding whether the trend will continue or it is over. At Weekly RSI, we have a threefold divergence. On the daily chart as well. Falling volumes indicate that it is still undecided. For the bullish scenario, we need to see the breakthrough of the trend line on RSI and the high-volume green candle and the creation of a...
December 17, 2017 BTC reached all time high. Ethereum reached him 27 days later. Is this the end? s3.tradingview.com
On the chart we can see the Expanded FLAT correction. Wave a was created in March 2020. Wave b reached almost 138.2% of wave a. Notice the huge bearish multiple divergence on RSI, which formed for 3 years. Now it looks like we are at the beginning of wave c. This would mean a correction of more than 55% to the levels of 2013. In the expanded FLAT correction, wave...
This analysis is consistent with the analysis We are currently probably in the first sub wave of the first wave of the cycle. On the chart we see the breakthrough of the trend line, which connects the low from 11 December and 27 January. We also see that on January 27, the MA 50 Daily was tested. We are just above him now. This moving average is very important,...
Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART X. The main change from the last part is the creation of a new All time high. On the chart, we see a double bearish divergence that has never formed on a weekly chart. At the same time the price tested 161.8% wave (a). Also note the declining weekly volumes. This convinces me more...
Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART IX. Since the last part, I have changed the main growth channel to a fib channel. I also changed the Invalidation level to 161.8% of wave (a). Notice where the Point of control of the entire BTC history is currently located. On RSI you see a red horizontal line at 53.34. She was a...