Long term view of SPX
I'm using
FIb retracement-logscale (orange)
Trend Based Fib extension-log scale (color)
Comparison between the last three major deeps. I the three last tops.
My personal view is that the SPX is going to go down to the 50ma (monthly chart) / 0.382 on the FIb retracement, and then continue its rally to 100% in the trend-based fib extension...
Bitcoin monthly chart
50 moving average at 21k
In the weekly chart, support will be at the 200 moving average.
I'm also using fib retracement (log scale)
I'll start entering at 22k. with stop loss at 19877.
Bitcoin comparison to 2018ç
August 2018 - April 2022
- RSI levels
- Monthly moving averages
- Red candle just below 12ema
The possibility of the bear market increasing.
VET-USD
I've projected the moving averages to illustrate how long will take VET to start going up again.
hopefully, October will be our bullish month.
I also traced FIb extension to mark my targets. $1.20 will take at least a year.
Finger crossed hahaha.
I want to hear what you think.
Cheers.
WE ARE HERE BITCOIN USD 2022 2018 COMPARISON
Bitcoin similarities with 2018ç
RSI
Moving Averages
I think we need to drop down to the 200 moving average weakly to complete the full cycle.
another 6 months of Bear market.
*unless we see a huge spike in volume so we can go up the 50 moving averages*
