We have a Death Cross in a few hours. This by default will make me bearish, but I see a possible fake out coming as well followed by a larger death cross.
Charts continue to show Bearish patterns and the timeline for the bottom has been pushed out into mid-May. In summary, I remain bearish until mid-May at least..
The next 2 days are super critical for Bitcoin and all other cryptos. I see several death crosses and this makes me bearish.
Today I gift to everyone a simple trick in charting... I am sure everyone who watches this video will love this trick.
Bulls are attempting to make Bitcoin Rally, but cycles are signaling Extreme Caution as the cycles will soon begin to attempt and suck Bitcoin down into the Abyss...
Bears have on FINAL push down... We are now HOURS away from a Rally starting. CONGRATS to all the patient INVESTORS.. not Traders. Traders get killed and Investors get rich IMO.
Possible Final Down Day Tomorrow... Before a small rally...
Recovery is possible, but we have one more Death cross waiting... *** The 4H Death Cross ***
The Bears are beginning to lose strength.... We may have 2-4 more down days, but charts and indicators signal that Bears are beginning to lose strength.
New Patterns emerge.... and not the Bullish kind...
Charts continue to point to more downside ahead. I didn't even cover FOMC or Federal Reserve interest rates... no need when the charts are still bearish.
FOMC signals multiple increases to interest rates... and cryptos take a dive.. Check out my analysis.
Tomorrow is FOMC minutes and that will either help the bulls or help the bears. Charts and cycles are leaning towards Bears.
Two new patterns spotted inside of the Bear Flag Larger pattern.
Update on cycles and charts as well as indicators telling the projected direction of Bitcoin.
Adding more context as to why cycles and indicators are pointing to lower prices.
Using cycles, I am not sure I see a rally here... Patterns suggest we have a possible drop coming in April.. but a significant Drop....