Case for a Bear MarketThis is strictly reading the chart, and it looks like a possible bear scenario/recession could be on the horizon. Using the same bear market pattern from 2000 but scaled correctly for current price action it looks like we could finally see a retest of previous highs from 2020 and consolidate/digest the past few years of over spending by the fed. If its a typical bear market of 1-2 years that would set us up for the bottom sometime in early 2024 just in time for the next presidential election, which will likely be a campaign talking point. Lets see what happens!
Bearmarket
Btc seems bearish to meI feel like what we are seeing now is a bull trap. There is clearly bearish divergence since we made the last all time high. Usually crypto bear markets don't go straight down. Normally the bottom of a bitcoin bear market is around 500 to 550 days before halving. So that would made us bottom somewhere end september this year.
We got rejected from Head and shoulders pattern on BTCIf you are a Bear there is some good news for you because we just got retest on H&S pattern and we got rejected.
This is in my opinion not likely to play out, because we have so much support uder 35k but as we know crypto is unpredictable.
If we do get this opportunit to buy below 20k i am going to be so happy as we know that BTC is future and is hier to stay, on the other hand if we go up and break this ascending channel on the weekly my portfolio is going to be even happier.
What do you think about this H&S pattern?
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BTC TO THE MOON!
The Bigger Picture on the US100 Hey guys, If you have seen my most recent posts you wont be surprise to see I'm bearish on the markets and have been for some time. With market valuations out of whack, Ungodly like debt in Government, cooperate, and leverage used by traders, 40% of all the US currency printed in 2020-2021 but production at an all time low causing inflation we haven't seen since the 80s and i feel will get even worse and lastly The Fed having to stop its purchases and tighten policy with interest rate hiking probably faster then the market was pricing in. This is a giant bubble with some gaint problems they will send it falling at least in my estimate 40% but trend is even further at 57%. Obviously I dont think it will sink like a rock there and we will have some rebounds but as the fed keeps tightening and i think its safe to assume funds and firms will go bust they will send it back down further and further. Although this is gloomy I don't think its financial collapse, once inflation is taking care of and the excesses of finance have been washed away they market will be set for another massive decade long bull market with growth prospects for the world coming from India, Australia, Mexico and all over Africa.
My plan for this year and next is to watch the FED on interest rate hikes and statements and also inflation numbers, Watch Silver/gold this usually head south first and recover first and when the market starts the recover gold/silver will skyrocket to the moon. and Watch debt levels for both Governments and cooperate, Picking company that have low debt levels now that can take the opportunity that will come will massively improve your longer term portfolios.
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6% Decline could be on its way
Hey guys, following up with my last few post I have exited the position I outlined last as I didn't want to hold it during the CPI announcement and it hit the .5 on the Fib and broke the uptrend line. New position entered after the market has reacted to the inflation news and we face the definite reality of the Fed tapering harder then first expected. My first target is a 6% fall to the yellow support line as on the daily it has many touches early in 2021 and most recently as seen in 2022 where it stopped the first fall. I'm using Citi Mini warrents so risk to reward make it.
But I want to stress this is just one leg of a decline/bear market/ crash in motion and has been for the past 2 months. As soon as we broke the channel we had been in for two years we should know it wasn't going to go any higher then that and on my next post I outline the bigger move overall. But the main theme is to watch the VIX as it has held trend and Silver which is returning to my support line and if broken we are looking at a much bigger leg down then 6% on the US100, more likely to fall 17% to the next major support line.
First trade up was
30% gain
Target for second trade down is
60% gain
$TSLA — Gap Fill Role Reversal ResistanceTesla has been sitting under a very strong role reversal gap fill resistance area for quite some time now.
We keep seeing this negative divergence between price action and volume as well.
I think the likelihood of a breakout above the area is slim because of my views on the broader market.
Options traders should give themselves time with this one and roll your stops down as the market slips.
Nobody is talking about the 800,000 vehicles they have to recall...
I don't want my idea to get flagged so just google "CNN 800,000 TESLA CARS RECALLED"
BTC ON THE WEEKLY RISING WADGE VS RISING CHANNELBack in october i drew this rising wadge and i completely forgot about it.Since than we got our third touch point and big bounce from it on the fourth of december.This rising wadge goes back from 2017 Bull-run and has multiple touch points on the upside and 3 touch points on the downside.
But we also have this rising channel and 3 perfect touch points on the downside and 2 on the upside becouse of that i got in long position at 33k.
What to do if we get rejected from the rising wadge? The answer is simple,i am going out from my long position and wait for rsi on the weekly to go slightly below 30 whith has idicated bear market low back in 2015 and 2018.However if we break back in i think flying to the moon is very likely to happen.
What do you think about my opinion?
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BTC TO THE MOON!
BTCUSD Market in Fibonacci (pullback to neckline accomplished)BTCUSD Price Action
PULLBACK to Head & Shoulder's
neckline accomplished.
Real correction expected.
Lower low expected.
Fisher Transform oscillator's confluences/divergences
in Fibonacci ratios time frames (daily candlesticks)
Technical Analysis
- ATH-2ndTop'swing = 100% Fibonacci;
- 2ndTop-3thTop'swing = 88.6% Fibonacci;
- strong divergence till 10 Nov ’21 ATH;
- Fisher crossing near
Ehler's Smoothed Stochastic's
same overbought condition
of All-Time-High with clear crossing near
*Weekly bearish wave expected
Too close to bottom !! - ETH/USDTThe reversal we had seen it's not a strong reversal in my opinion, I have two reasons to prove :
1) The volume : It's not high enough to break that resistance
2) The reversal candlestick pattern formed at $2152 is not a strong indication for trend reversal .... cause the formation is not sufficient to say it as bullish piercing pattern nor morning star and more over you can call it as hammer but it's not formed at the lowest low to consider it as strong bullish reversal and I can validate it only iff high volume comes into play.
As of now bulls unable to hold it slowly the momentum is changing towards bears, it's not perfect bottom to be called out...i once again need to validate this
To validate this i consider two scenarios :
1) if high volume comes into play there is chance of flipping the resistance to support which will be a good indication that bulls are taking lead
2) Even if it comes down.....if it responds to it's previous low support and bounce with high volume
As of now $1738 is likely to be the next support and also crucial one which also may be the bottom......All we want is high volume.
SIGNAL: We Closed Below 50 Week Moving AverageHi everyone,
Thank you for considering reading my idea.
In the past cycles, whenever we close below at 50 Week Moving Average (yellow line), we tend to dump down to the 200 Week Moving Average (green line). It seems like closing below 50 week MA indicates the start of the bear market except of course back in March 2020 which is the COVID black swan event.
This pattern happened 3 times before and 100% of the time, it goes down to the 200 week MA. Just last week was the 4th time we closed below the 50 week MA.
Last week, we closed the weekly candle below the 50 week MA at $41,875. In 10 hours as of this writing, we will close another weekly candle. Currently, the 50 week MA is at $48,570.13. It may be impossible to pump 5k+ in 10 hours.
It seems like as long as we stay below the 50 week MA, we may go down to the 200 week MA (currently at $19,141.59). We may still go back up to the $48K levels but it may be hard for Bitcoin to go past that. I may be wrong where Bitcoin pumps hard past 48K and makes new ATH but let's see what would happen in the next few weeks.
Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
#Bitcoin Monthly MACD Flips BearHi everyone,
Thank you for considering reading my idea.
Before this, I had a lot of bullish analyses last year when we were at 69K but turns out to be a huge RSI bearish divergence. Please note that this is not a prediction that's going to happen in the next 6 months.
Zooming out of the charts to monthly timeframe, we can see that the MACD has reversed after we closed the January 2022 candle and possible marks the start of the bear market.
This is not 100% reliable as this is just a pattern that happened only 2 times but on a bigger timeframe. We can see the MACD Histogram that is in dark red from:
1. August 2014 - February 2015 (7 months)
2. July 2018 - January 2019 (7 months)
We can also see that on January 2015, we touched the 200 week moving average (200W MA - green line). Same with December 2018 as we touched the 200W MA. Basically, it touched the 200W MA 1 month before the last dark red on the MACD Histogram.
If we were to assume the pattern and apply it from today:
1. The MACD Histogram in dark red would also take 7 months (January 2022 - July 2022)
2. The price would bottom on the 200W MA estimated at around $19,000 - $21,000.
Lastly, could we reverse on the MACD indicator? Yes, but it would take a lot of momentum for Bitcoin to do that. Currently, I am expecting Bitcoin to at least get a relief rally back to the 50W MA (yellow line) around $44k-48k before we dump down to the 200W MA. See related ideas below.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
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Cheers,
Juvs