We are long due for a bear cycle! Hard to say if it would actually go to $500, but if we break $1k it would totally be possible.
Well, bearish diamond/ reversal fractal AND bear div on the RSI. Some how my Lizard brain wants to tell me we are fueled up on shorts for a moon shot. Although it does look like had a similar fractal back in 2016 - 2018. To trust the RSI or to not trust the RSI.
Chart says it all, I doubt we break the flag from here, but its clearly a bearish set up. My guess is we go sideways and ping off the weekly trendline then move down. However its possible we could break this triangle and go up. It would be a clear signal that we are going to 5k at least if we were to break it.
I enjoy making charts simply to see how close my ideas are, (disclaimer: I don't trade every chart I make), this one is no different. I am not holding anything in SP 500, but the bigger picture seems clear, headed to a bear market. My best guess is that we fall into a bear flag from here. Watch the RSI for confirmation, we could rally, make a lower higher and a...
We are in safe short entry zone, nothing so far indicates our bear market it over. This is just a quick chart, details in the chart. I didn't place my stop loss level but I will be setting a few tight ones.
This is long term but could be a good short in the future, at resistance now, I will keep my eye on it.
Coors 4hr chart has offered a regular bull divergence, targets are on the fib levels on the chat, lets see how it plays out
A quick short play for ETH... details in the chart.
Details in the chart... I reposted this and adjusted thi iH/s. Usually if we pop through a down trend line we will pull back and touch it again, hense the right shoulder.
Bearish mac d cross on monthly. The vertical lines show where it crossed at
Looks like we have at least came close to our major support zone. Upside in the future is almost certain, the only question is when and whats our target entry.