SPY either outlier or on perfect course You can see there is a strong difference between the real cyclical bear market and the current correction. Also the primary bull market last 25 years last time from 75' till the 00'. We are now at around half cycle (13 years in). Last cycle SPX did 20x since cycle low the cycle before was around 13x (if data reliable), now we have just done 6x really underperforming. The 52 weeks MA has been the support of the bull market cycle as you can see in the chart. Hence I doubt the current correction will last for much more.
Bearmarket
10 year We must see how the markets react to this dump to the 10 yr, my gut thinks this could be a fear trade which causes money to leave risk and head into USA gov bonds. I would assume that at some point around 2.4% (618% golden ratio) a bottom will be found and the inflation narrative will be silenced for at least some time while Oil has a decent pull back to $60. Then the W5 will kick in and maybe intitially seem bullish while rates climb in a structured manor till around 3% or 3.2%. After rates hit that level inflation may start to appear again in the MSM. Once w5 really kicks in and heads towards 3.5%-4% plus this will likely be the debt market melt down. So watching DXY, stocks and crypto how this all plays out
[UPDATE BTC] Worst case: Pump end of July <-> Sept/Oct then 10k.In line with the worst case I posted a while ago.
Cycle analysis. 180 days BTC cycle.
- weak market = bearish semester closing (good for a mid-semester pump). We are here.
- strong market = bullish semester closing (good for a mid-semester dump).
Cycle Bottom Indicator [CBI] - First Live Test Approaching?Post is to capture a custom built indicator I have created based on prior cycle bottoms I have called the Cycle Bottom Indicator or CBT.
Are we potentially approaching our first live test (occurs when the Green line crosses under the Red line)?
Follow this post to see how it performs....
bear market 2022 / Bull Run 2024 This bear market look very similar to 2014 no correction until -76% drop, then btc take correction of 62% up and then all the way to the bottom. and thats what i think we will see in the next weeks up to between 28/29k and then all the way to the bottom befor the Halving and then new bull run
BTCUSD Daily TA Cautiously BearishBTCUSD Daily cautiously bearish. Recommended ratio: 25% BTC, 75% Cash. *SUNDAY/MONDAY SCARIES WATCH. A technical retracement/correction in cryptos is currently underway with DOGE (+20%) and ETH (+22%) leading the pack in the past 24 hours. Considering that the current level of this bounce is around the area of the long term uptrend line for many cryptos (suggesting that this could potentially be the bottom), it's still too early to say such things so please continue to tread with caution and remember to Dollar Cost Average into investments and out of trades during volatile times like these.* Price is currently testing $19417 support as the last support before having to test the uptrend line from April 2017 at ~$15k (which would almost certainly margin call a lot of large leveraged players). Volume is Moderate and currently on track to favor buyers in today's session if it can close in the green, we are in near perfect bull trap territory (Sunday/Monday Scaries) so please be mindful of overexposed long positions. Parabolic SAR flips bullish at $25652, this margin is mildly bullish. RSI is currently attempting to reclaim support from the uptrend line from 01/22/22 at 25.60 support (it still hasn't technically lost support from these levels). Stochastic is currently crossing over bullish at 7.76, the next resistance is at 29.70. MACD remains bearish and is finally beginning to form a trough at -2964 as it is still technically testing -2497 minor support. ADX is currently trending up at 40 as Price continues to fall, this is bearish; if it can peak and start to come down as Price continues its move up then this would be bullish. If Price is able to defend support at $19417 then it will likely test $24180 minor resistance. However, if Price continues to break down here then it will likely test the uptrend line from April 2017 at ~$15k for the first time since September 2020. Mental Stop Loss: (two consecutive closes above) $21335.
ETHUSD Daily TA BearishETH/USD Daily bearish. Recommended ratio: 5% ETH, 95% Cash. *The House of Cards is continuing to fall in leveraged crypto land with 3AC, Celsius and Babel all either pausing or limiting withdrawals/redemptions; not to mention Microstrategy quickly approaching a margin call on their leverage long BTC position that may have actually been hit when BTC touched $17600. All that said, there is officially blood in the streets, so to all my investors out there, I'd say it's safe to start Dollar Cost Averaging in to some of your favorite shitcoins (with a long term horizon in mind).* Price is currently trending down at $985 after briefly touching $881 as cryptos continue to see selling pressure; $775.83 is the next support that was last tested (as support) in February 2018, if it falls below this level cryptos (as a whole) will likely be wiped out and have to start anew with a whole new paradigm of value. Volume is High and is currently on track to favor sellers in today's session if it can close in the red. Parabolic SAR flips bullish at $1400 which coincides with the lower trendline of the descending channel from October 2021. RSI is currently trending down at 19.41 as it quickly approaches a test of the ATL at 17.42, a break below this level would help confirm that cryptos are essentially due for a wipeout cleansing. Stochastic regressed to a bearish crossover in today's session and is currently trending down at 2.72 as it hovers above max bottom. MACD remains bearish and is currently trending down at -257 with no sign of trough formation as it has officially lost -197.34 support (the next support is at -318.82). ADX is currently trending up at 50 as Price continues to fall, this is bearish. If Price is able to bounce here then it will likely test the lower trendline of the descending channel from October 2021 at ~$1300 as resistance. However, if Price continues to fall it will likely formally test $775.83 support. Mental Stop Loss: (two consecutive closes above) $1300.
Reliance's Impending Bear Implosion.Crude Oil Issues, Supply Constraints, Rate hikes by Banks, Rampant Inflation, And Sanctions.
These are just some of the factors which one has to consider while taking a Swing Trade or even Invest in today's market. The War may have triggered food inflation and Oil issues but the problem IS, Was, and always has been the 'Easy Money' philosophy of the United States "Fed" by way of Quantitative Easing, which in layman's terms means rampant printing of the Dollar.
Here without going into a Rant I'd just like to Explain a basic Economics Rule-
The law of supply and demand explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it. Generally, as price increases, people are willing to supply more and demand less and vice versa when the price falls.
Now how does this Rule govern the market? Basically as price increases so does the supply, and the more supply there is, the lesser the price (or downward pressure).
2008 crash saw declines of 30-50% in the value of the stocks of Blue chip companies. Were they bad businesses? No. Did their businesses started Failing or Fell 50% ? No.
The economic policy behind the growth had imploded.
Oftentimes what happens is, Good Politics is Bad Economics
And such is the nature of markets. They rise and they fall so that new buyers can come in. Fresher Money draws in with new investors. And Bull Market fanatics get weeded out, by the grandeur and false prophecies of numbers just going one way.
"In Bear markets shares Return to their Rightful Owners."
Here lies the opportunity, if you are an investor and have made money in the bull market Congrats, but even the blind can do that. Real Market starts now. As a point, I'd like to mention that Rallies in Bear runs are gonna be the new normal now with stocks giving even more range and fooling people into Buying. "Dead Cat Bounces are the most epic. 12 of the top 20 Nasdaq 1-day Rallies happened during the 78% drop from 2000's top. 9 of the top 20 S&P 500 1-day rallies Happened During the 86% drop from the 1929 top.
Trying to predict and find the bottom would also be a fool's Errand as any low can easily be broken if the sentiment prevails. So folks, buckle up, It's gonna be a hell of a ride!
Bear Campaign Final LegBottom is not in imo. It's a complex and massive correction. Bearmarket not nearly finished. Another 500 pips to go imo. Will grind for weeks.
FOURTH Wave ended in H&S. Textbook breakdown. Anxiety mounting. Capitulation and extreme fear coming. VIX 80 again. Then anger and disbelief.
What would be the next move of $BTC As per my understanding in the market, bears are turning down slowly... but it doesn't mean that bears don't control the market yet.
Big shorters are closing their position in order to make an another good position in the upside. The momentum downside is gradually weakening,
we might see an upward movement soon, maybe on weekdays for a week in order to make an relief pumps. But still, the over all trend is still bearish.
We might recover until $32,000 Resistance level, for another leg down. I'm projecting this movement will touch the $13,000 - $15,000 support level.
If we reach these bottoms we may experience a consolidation above this level.
This is the best time to buy and accumulate spot bags before 2024 bull run.
This is what they did last 2017 - 2020, and when the bull market appears. They kept on selling their bags to us, while we keep on buying their shits. FOMO
Trade responsibly, trade with a plan.
BTC LONG VIEW CHARTThis chart is so simple but in the same time so good.
In the last bear cycles:
-When the price droped below the 150 WMA (Weekly Moving Average) (blue) and tested the 200WMA (yellow) we had a couple of months in consolidation between this 2 WMA;
In this time of consolidation between the 2 WMA we also had an RSI indicator with oversold values (Order block on the RSI indicator);
And on 2018 bear market we had a retrace to the 0,382 level of FIB retracement , precisely where we are right now.
Curiosity
As well on 2014 Bear market we have now a falling wedge pattern in formation (Bullis pattern).
On 2014 the price broke down the support line of the falling wedge, Eventrough in the followng weeks the price came back to the falling wedge.
Which is curiously the same thing that is happening ritght now, the price broke the falling wedge pattern and next i believe , given the market analysis above and the similarity with previous bear cycles we are close to a bottom and in a Exelent time/zone for accumulating Bitcoin
BTCUSD Daily TA Cautiously BearishBTCUSD Daily cautiously bearish. Recommended ratio: 15% BTC, 85% Cash. *Markets seemed to like the Fed's decision to go with a 75 bp rate hike, but with the next PMI report arriving on June 23rd it's unclear how long this excitement will last. If PMI comes in higher than last month and by a larger percentage than the previous report, it would imply that inflation is still raging and markets will likely react negatively; if it comes in higher than last month but by a lesser percentage than the previous report, it will likely signal that inflation is slowing and markets may react negatively but perhaps more briefly than in the previous scenario; and if it somehow comes in lower than it did in May we may see a stronger rally to end the month. The next CPI report is due July 13th and the next FOMC meeting is July 26-27. Vlad the Not so Great is likely going to continue escalating the war in Ukraine, China's 'Zero-Covid' Policy may or may not come to a halt come Autumn when it is election time for the CCP, and the situation between China/Taiwan/Japan and the South and East China Sea is still a wildcard for the end of 2022. Lots to be vigilant about so stay safe.* Price is currently forming a Bull Flag bottom in effort to reclaim $24180 minor support and avoid formally testing $19417 support. Volume remains high and is currently on track to favor buyers if it can close this session in the green; buyers reacted positively to the FOMC decision to raise the Fed Funds Rate by 75 bps. Parabolic SAR flips bullish at $31150, this margin is mildly bullish at the moment. RSI is currently trending up at 25.60 support as it attempts to reclaim support at the uptrend line form 01/22/22. Stochastic remains bearish and is currently trending sideways at max bottom; though it can coast in the "bearish autobahn zone" for some time, a bullish crossover is likely pending. MACD remains bearish and is currently trending down at -2037; the next support (minor) is at -2497 and the next resistance -1435 (still very loosely can act as support with a bounce here). ADX is currently trending up at 32 as Price is attempting to find a bottom, this is mildly bearish. If Price is able to continue the move upward it will likely test $24180 minor resistance before potentially going higher to test the 50/50 uptrend line from August 2017 at $29k. However, if Price breaks down here then it will likely test $19417 support. Mental Stop Loss: (two consecutive closes above) $24180.
Bitcoin - Bear market cheat sheetKeep it plain, simple and minimize the noise!
On this chart I am showing you the timeframes of events that occurred in the previous bear market.
Now, this chart will of course only make sense if we follow the same trend of the previous bear market of course, although I think its great to keep an eye on just in case we do!
Important to ignore your favourite bullish influencers in these times, as in reality we still have a lot longer of a bear season to embrace.
Bottoms take time to form, there is nothing bullish about Bitcoin and Crypto at the moment, due to the lack of volume and reaction, there is almost a 0% chance of a "V shaped recovery" like some clowns are mentioning.
Keep an eye on the monthly MACD, as I have said previously we will not have any real bullish action if it is in red, if you refuse to believe - look back at the previous times it has crossed red..
If we get a fake pump into the 40-50k zone around the area marked on the chart, best to not FOMO into it if you missed it from the bottom - high chances it will be a bull trap, going off previous data.
There are lots of external global economic factors to consider as well, as they will invalidate every single chart and idea, Crypto has never experienced a recession and my best bet is that it will not go well, due to being one of the most riskiest assets. So keep an eye on the global economy, global events and you will be on top of the market.
Note: I have labelled current price as bottom and crab stage, although I do expect it to go lower: The reason I have done this is due to the massive volatility/price drops, with also the possibility based on another research piece I will post soon, that the crypto cycles are fluctuating in time (shorter bull, shorter bear).
Stay safe everyone!
Curious to see what everyone else's thoughts are, comment your ideas down below :)
$ZIM Short IdeaWatch for ZIM to close above the strong trendline it's been following since inception, otherwise implications are more downside.
Rejected twice now, expecting a move to more downside , first PT $48
I'm long JUN PUTS
I was very long ZIM but had to see once broke $70s and stop was triggered.
BTCUSDT short continuesAfter a healthy retrace of 30% of a 5.162 Fibo beautiful leg down BTCUSDT shows a condition to reach 13k soon. Rout to meet Dec '17 ATH. This pullback seems accomplished and now we can see a good pivot point to adding on shorts in the crypto market expecting an 2nd leg down after that prior swing. Plus Fibonacci Retracement new target and Fisher Transform potential reversal sign on this H1 chart.