Epic_economist

Epic_economist

Money flow index going down as the whales are cashing out, bearish divergence on relative volatility and cci vix macd combination indicator. Lower highs forming on price action and currently at resistance. This week we are likely to see a resumption of btcs fall. I've never seen an easier short than this.

Epic_economist

it looks like btc is about to fall off a cliff. You don't need to know alot of T.A to see where we are going with this. When in doubt flip it and zoom out. Target is about 8.5-9.5k depending on when we make contact with that bear market trendline. You got to love how a line chart cuts though all the bs.

Epic_economist

Just a theory of what may happen if Bitcoin repeats the last bear/bull phases. In such a case it would go to about 9k then to 36k followed by 14k then to new all time highs.

Epic_economist

I couldn't draw this perfectly but you get the point. Bottom around 8-9k.

Epic_economist

The problem with parabolic moves is that there is no strong support established structurally. So you better hope it stops falling at about 11k by making a third touch on the line to form a trendline. If it fails that then unfortunately 5k is where it's headed which lies on the trendline of the previous bear market bottoms.

Epic_economist

It looks the bull market may already be over and most people haven't even realized it. With the fading strength of the market speculative assets have already taken a hit and once the trend reversal begins it only gets more severe as it accelerates.

Epic_economist

most investors are oblivious that oil is highly susceptible to rejection at $70 which sits in very close approximity to the powerful monthly 200 ma that has been acting as resistance for oil for many years. Rsi divergence and overextended stochastics appear to be ready soon to turn around. One must understand that markets work in cycles and visible signs of price...

Epic_economist

This is just a theory but statistically there is an 80% chance that there will be a breakdown for an ascending broadening wedge after price reaches the peak. The target is approximately 5k to the bottom of the wedge depending on when we make contact with the trough.

Epic_economist

Possible formation of a bear market bottom trendline upon confirmation with a third point of contact which would occur at approximately 5.5k-6k. The previous points of contact with this trendline was at 3k during 2018 and 3.8k during 2020. However 9.5k is also another important level that could get support and we can start a new bull run from there. We will have...

Epic_economist

Rsi divergence+fib and trendline resistance on the monthly timeframe is unlikely to let oil go much further. Never in it's history has usoil been able to break above this orange trendline. Once the decline begins oil is unlikely to stop at the first fib support which is at about $37. Rather it is more likely to continue falling to the second fib support (3.618...

Epic_economist

Oil is at the highly significant 1.618 fib retracement which coincides with a trendline resistance. Current global conditions are highly unfavourable for oil prices due to political and economics factors. There is tension both internally as well as externally within opec countries and this is on top of the recession that has left a permanent damage on oil demand....

Epic_economist

Every time in it's history the dollar has had a monthly stochastic cross to the upside it has led to a significant equity market correction and or a crash. Now coupled with inflationary pressures, undeniable global recession , and a decline for oil demand worldwide the dollar is poised fundamentally to rebound to the top of it's current fib circle. Interest rates...

Epic_economist

NASDAQ to S&P ratio (white line on chart) is at all time high similar to 2000 tech bubble and it has changed direction to downwards recently which is troubling for all markets as tech is a leading indicator for the broader markets. There is bearish divergence on rsi and relative volatility index also has a bearish. These 2 divergences reveal that the underlying...

Epic_economist

The price action of the S&P is looking very much like a bubble that is just about to burst. It looks like it's having one last melt up to form that blow off top which normally happens in a bubble. The fact that its been going parabolic and hasn't even had a healthy correction is indicative that we are likely 1-2 months if not weeks away from a crash. Covid cases...

Epic_economist

Current bearish divergence in macd and cci on the 4 hourly could take usoil to the horizonal support at about 52 and if that support fails then its likely to test the daily 200ma which currently sits at about 47 in the 4hr timeframe. For educational purposes only.

Epic_economist

Possible reverse H&S forming on the dollar. If this plays out equities and crypto would get crushed 40-50+%. This would align with macroeconomic variables. Inflation and rising bond yields are getting out of the feds control. We are seeing rising prices in everyday items at a rate we haven't witnessed for decades. 30+% of business are closed ,the economy is in...