This chart never fails to make the correct prediction over long term. When they cross, take the action to SELL all or BUY all. Proof: Zoom in to see historical signals for yourself 31/12/2021: STRONG SELL ALL
This is a long term view. BTC and SPY have always been going hand in hand. Every start of a bullrun was marked with green crosses in EMA 7/20 for both BTC and SPY. Right now, we have not a green cross on either of them. Interestingly, both are still on death-cross trends. Within the next few weeks, the signals will be clear. Better be late than sorry, if it's...
The EMA cross this time, the bear market will be at least 1 year to 1.5 years more to find bottom. Wait for now. Macro is also really bad.