Trumps tariffs is going to be the catalyst for a bear market that the US needs to have. I'm expecting a 30% - 40% drop at most but don't worry, it will be a good time to buy when the dust settles. The RSI is painting bearish divergence on monthly. Big sign of drop. The MACD is curving downwards. Also a big sign that we'll be dropping soon. Bear cycles typically...
The long term support of bulls is dead. This obviously means we are in a bear market. We're going to zero you guys. Look at the chart. It is SO BEARISH RIGHT NOW.
> MACD lines cross - Not good news for bulls > RSI weekly big bear div - Not good news for bulls > Rounded top - Not good news for bulls > Risk of Wave 4 IS VERY REAL NOW. BUT its not a bear market yet. 2025 is still bullish, if you haven't entered yet. NOT SHORTING. SHORTING IS STILL TOO RISKY UNTIL 2026 or LATE 2025. Buy Support. Buy Support. Buy Support....
We're in the pivot, if you know what pivots are ykyk. Im not gonna explain it here. Rejection is weaker than initial rejection. I think you get the idea what happens next. Trend is still (DOWN) if bears can't read it then they are pretty bad at being bears. Beyond my understanding of the previous design of yesterdays price action. Harmonic confluence digital...
We had a good year last year, this means the mainstream will become confident and start getting in thinking once more "this time it'll be different". Target = Anything above 100k but I'll have to wait and see whether we'll get a deep retracement first before deciding its time to go. Its contingent. Don't sweat the small movements, overall trend is bullish.
The RSI circled in white suggests we've hit the bottom. It follows the same idea way back then. The yellow circles suggest we'll have to wait for 4 to 12 weeks before we make any significant moves up. So in the meantime, its all sideways from here until we hit the moon. Find a good buy entry... UNTIL THEN !
So many people have tried to short this bull run its appalling use Alt + i It helps to see things in a way that's beneficial. Psychologically it also helps.
When downtrend is broken that only means one thing. It's a recovery for the next bull cycle. I'm selling at the end of 2023.
Be patient. Selling Q3 or Q4 of 2025. Until then just wait or buy and hold. The cycle is normal and everything is normal.
Jan 2024 was rough, and it closed a Red? doji. I mean it closed green but shortly would became red if we waited 4 hours later. Err... not a good sign for bulls. The weather might be changing... Would be a time to exit now.. or even end of Feb if it closed actual RED.
Are you ready for another whole month of INDECISION?!
Chill out boyos and recognize this is just normal behavior. Those who flip bear never seen a double top and are likely to get rekt tryna short.
Crypto market is recovering. Hodl hard and by June we'll be ramping bigly into the stratosphere. If you are shoring. Hope its only for short term or scalps. Ignore all the market noise. Turn off the fud machine and just let nature do its thing.
In bull markets. Ascending wedges break upwards. Don't ask why. it happens. we going to 50k.
I'm only buying at the support levels. Just know that BTC can retrace over 80% (or even around 90%) and it often does in a big bear market. So yeah... hold off for a bit. I got orders around the 6700 for now.
I think there's at least more more leg down. 9700 should hold and finally end the bear run. Just relax, go out do something and come back in a few months
ABC Wave correction inbound. Finding the top of Wave B should'nt be too hard if my Fib strategy works. Wave C is going to hit as hard as Wave A so i'm willing to hold shorts on it for a bit.
For testing only. To see if market moves price into the fibonacci structure to get good short entries.