BITCOIN BEAR MARKET TO CONTINUE, NO HIGHER THAN 38.5K IN 2022!The 200 DMA is a very important level for Bitcoin.
BTC under 200 DMA = bearish
Let's look at the past:
Late March 2014 - Late June 2015 = BTC was below 200 DMA, Bear market, roughly 16 months of bear market. MAJOR BEAR MARKET
March 2018 - April 2019 = BTC below 200 DMA, Bear market, roughly 14 months of bear market. MAJOR BEAR MARKET
September 2019 - April 2020 = BTC below 200 DMA, Bear market, roughly 8 months of bear market. MINOR BEAR MARKET
Late December 2020 - now = BTC below 200 DMA, Bear market, so far 6 months of bear market. MAJOR BEAR MARKET.
Going by historical trends, BTC bear markets tend to last 14-16 months, with a smaller bear market one year before halving (2019, most likely 2023)
Meaning the current bear market is likely to end roughly Jan 2023 - April 2023
Once the 200 DMA starts to come closer to the price action, they we should start seeing bullish movement. These DMA levels move slowly, if we try to draw one, it likely comes close to December 2023... however if BTC falls to 17k or lower, the DMA likely takes 1-2 more months to get to that level, so early 2023 is most likely when this happens.
It takes roughly 90 days for DMA to fall by 10k, in 180 days (roughly 24th of December), the DMA is likely to fall to 18k levels as the current pace
If we go by this chart, it makes it very unlikely that we will see prices higher than 28k after end of September 2022, and unlikely we see BTC close above 38.5k in 2022.
There is chance we could go even lower than 10k in 2022, let's not rule this out! Economic situation is quite bad and we must keep an open mind. Of course odds of going below 10k are low, but they aren't impossible
Each yellow box represents 90 days.
I drew the white lines in the yellow box a little sloppy, so it's not meant to be fully accurate but to get a general idea
Average
ES1!/SPY Short - Broadening Decisive Break - LOPMAYou short, anon?
Lots of evidence pointing to the downside here. (I am currently aware of a bug for people viewing my posts on various devices where they see nothing. Something to do with my firefox configuration which I will fix soon, until then you can visit my chart link to see my charts if unable to see here)
I think we have only just started downside similar to the covid crash, evident by a few metrics. Things such as the daily candle gap of today's candle (similar to covid crash), My homemade indicator showing deviation bearishly and printing of multiple instances of hidden bear divergence.
So much to say, such little time...
Good luck, have a great one.
This is my most trusted risk metric. Time to buy.This is the log difference from the price to the 20 week moving average. Has always been a great top and bottom indicator so far and we're currently at 9% risk. We won't be going that much lower so I would recommend to start accumulating at these levels.
EUR/USD Daily rejection, continued downtrendOutlook
As EUR/USD continues its push to the downside, we can actually see the highlighted box which shows a large rejection wick on the daily chart. Soon after, price has pushed off of that level and carried its downward momentum. Technically speaking, the move to the downside is quite straightforward and highly probable. However, there is quite a bit of upcoming news this week to be monitored as it may affect the pair quite heavily.
Technical analysis:
In addition to the clear rejection of the most recent low, we can see on the chart both the Daily 200MA which EUR/USD is strongly held down by and the 4H 200MA following along closely. This adds even more selling pressure and leads to the downside clearly being the path of least resistance. In this case, it's clear that we are headed for lower levels but how low can we expect to go? The next key level for EUR/USD is the 1.05 level. Not only is this a key psychological level, but in the past we have seen a lot of consolidation at this level and it's proven to be very difficult to break either above or below it.
Upcoming News:
In the week coming up, there is a lot of high impact news especially with FED speeches and the outcome of the news provided will likely have a large impact on the way that the trade pairs and will determine whether it maintains this downward momentum or if we see a reversal with the strengthening of the Eur. The main takeaways from the upcoming speeches will be focused around any changes to monetary policies and rates.
SPX500 is still in an uptrend, target R1-R2. Intraday Strategy Hello traders. SPX500 is still in a downtrend but it might have an upward for tomorrow.
RSI 8 MA 8 is showing an oversold signal, in 15m,30m,45m, and 1-hour frames, this is why it might have an uptrend for tomorrow, following the Resistance, Supports and Pivot levels results.
Important take a note about this. Check the trend, confirm the uptrend when the prices cross the Pivot Point over up, and then R1, and finally the MA200. Controlling that the market doesn't reject those levels, we might get some profits with it.
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20. Intraday Strategy Pivot Point Levels
R3 4,686.00
R2 4,557.20
R1 4,472.80
PP 4,428.40
S1 4,344.00
S2 4,299.60
S3 4,170.80
BTC scenario - search for the bottomBtc has been coming declining seems 13 69,000 price mark. It has been no declining for a while, which is clearly observable Linda chart. I don't consider this as a beer market yet, although I really think that the correction is taking longer than it seemed to me in the beginning. In this scenario what I seen is an eminent encounter with the button after which the price of this asset should start building/continue mean call Trent. The indicators that I have used in the story show to me that there is a button near and that it should be here not later than a month or maybe even couple weeks. All I'm looking for is breakouts in the moving averages and a build up in RSI.
218 moving average on the daily chart.
Bitcoin is supported well above the average of 218 periods on the daily chart.
In my studies, I realized that the 218 measure is very important in the diary.
It shows, in my understanding, the last and most important price resistance line of BullRun.
We have to stay above her now.
It is more accurate than using the average of 20 on a weekly basis, check it out! look the yelow line in my chart.
Stochastic with mids up and RSI hitting bottom.
US30 Short Us30 short SL Hunt from Buy Side. then market eaten sell side Stop loss. Now I expecting the Bearish movement from my drawn orderblock.
you can apply this idea if you are agree on it..
DJI Short of the century v2Short term expanding wedge above larger expanding wedge. With high inflation data in US and possible interest rate rises, outlook and chart ripe for a short.
Confirmation over next few days, depending on sell volumes/news/interest rates etc etc.
DJI will likely retest and bounce/false breakout trend lines, be patient!
Short term short:
SL: 36670
Entry: ~36090
TP1: 35630
TP2: 34794
TP3: 33934
Long term short:
SL: 33513
Entry: ~32868
TP1: 29620
TP2: 26187
TP3: 19588
100k incoming! 155 day moving average bottom and top cap modelUsing Logarithmic Regressions and the 155 day moving average as a floor... and top cap model for a max, we can see the range that BTC is bounded by. As a supply shock is hitting Bitcoin, I am expecting a break through the $100k mark by year end.
#BTC #Bitcoin #100k #LogarithmicRegression
STRATEGY BASED ON THE VOLUME AVERAGE CYCLEThe market moves according to the volume it accumulates, using the cycle line tool in the weekly chart you see a pattern in the cycle of the average volume, it is obvious that at some point the cycle is no longer correct and becomes invalid, it is a question of probabilities, and at this moment there is a probability that the cycles will repeat and give an idea of where the best time will be chronologically to buy and sell, so far the strategy has been profitable but as I said before at any time this cycle can be invalidated or needing adjustments, the dates are not exact only serve to have a point of reference for example the day of the biggest drop is supposed to be the 9th of August but as on the 20/24 I saw the price at the bottom of the channel I bought a little because it was a buying zone, if the price continues to rise, I have a profit, if it still falls, buy more and cheaper.
those who buy at the highest points and sell at the highest points are liars, there is no way of knowing how far it goes down, but if a partial purchase is made, whenever you go down and buy more quantity lower down, it causes the average purchase price to go down, if purchases are always made in buy zones there is much more probability of making a profit, this strategy does not require a stop loss, because purchases are made in buy zones on the weekly chart it is necessary to be patient and see the charts more like an investor than personally a trader, success in the trade is not guaranteed, in investment neither but in an expectation of prices going up over time profits can be immense just look back with your eyes and make your decisions based on what you believe and in the strategies that you create yourself, here is my share and I hope you can contribute to something positive
I made a partial purchase in this zone at the bottom of the channel, the volume average gave more or less the date and the channel the lowest point
the price can still go to the lowest part of the channel
and to go up you have to pass the resistance of the white price, which is a line drawn between the last 2 highest tops.
Dangerous Call On The WeeklyBeware of the 100ma and 200ma that are about to cross. I know that Moving Averages are so called "Lagging Indicator', but see it for yourself. This could turn even more bearish and might confirm the actual bearish bias even more. This does not mean it stays that way for another 2 years, no. This is just what we have to expect after the long bullish trend we had until May, and as a matter of fact it just confirms the Major Correction Phase , or just call it an accumulation phase before we head straight to Mars.
EDUCATION - Moving Average Trading Tutorial ⚡⚡What is a Moving Average?
In technical analysis, there’s an indicator called moving average which calculates the average closing price over a set period of time. If the market is too choppy, often a moving average can help smooth things out and provide a clearer visual of what’s going on in the market and an indication as to where the momentum is whether it’s a bear market or a bull market.
How is moving average calculated?
A moving average is calculated by calculating the closing prices and then divided by the set number of days e.g. 100 day moving average takes into account the closing prices for the last 100 days and then divides it by 100 to give you the moving average. Once you have enough data, you will be able to plot a smooth line which you can use to help with your analysis.
How do you use moving average?
In very simple terms: if the price is above the moving average, you can assume that the market is bullish. If price is below the moving average, you can assume that the market is bearish.
The way we use the moving average is that we see it as dynamic resistance/support.
Dynamic support – When price is above the moving average and approaches it, the moving average will act as a support base where price could potentially bounce off.
Dynamic resistance – when price is below the moving average, price may come up to reject the moving average before moving lower.
Transition from bearish to bullish (vice versa)
We found that one of the most probable moments where the moving average acts as a dynamic support/resistance is when price impulses through the moving average and then retests it. It is possible to gain an entry on the retest provided there are other confluences playing a part such as previous structure or price action.
What moving average do we use?
100 and 200 moving average.
Examples
Bitcoin 200-day EMA Rejection ShortPlay on rejection of 200-day EMA after bulls fail to break the downtrend with tight stop loss.
Entry: 41,000
Stop Loss: 44,000
Target Price #1: 35,000
Target Price #2: 30,000
Target Price #3: 25,000
At each price target move stop loss to 10% over target value.
Reasoning:
First dip below 200-day EMA of the bull run. Sharp rejection possible.
Potential government intervention in US and China.
High volume selling along with increased volatility.
Risks:
Celebrity pumps can trigger tight stop losses on shorts.
Rapid bounce after first drop indicates strong buying power ready to deploy.
Bullish L2 news could cause rapid trend reversal to highs.
Bullish on dogecoin LONGStill feeling dogecoin here.
Simple moving average (SMA) suggest that we have a trend in my opinion.
Every indicator is reset, we have plenty of room to grow as most of the weak hands are now out. I immagine we have seen the worst of the dorps, but there could be further coils to 28 26 24..
do not fear, this game is just beginning. we are bullish long to 1 dollar by june, and potentially higher as the months roll on. I have 100$+ targets on dogecoins.
Apple Declines & Stats since 2000Hey everybody i just want to share with you some interesting stats i found about the #1 (most important) stock on the planet since 2000. For me apple makes the major trend in use since it's the largest one as well, so it makes total sense to pay 101% attention to what will apple will do over the next months.
Some interesting points:
1. Buffet reduced his position
2. Possible H&S formation if you look at Weekly and Daily chart
3. RSI & MACD pointing downward
*There might be a 1% discrepancy between my results and the actuals ones, so please do not take them for granted 100%.