Another EXTREMELY DANGEROUS SIGN is VISIBLE, which brings us to a total of two signs that spell major problems.... A MONTHLY DARK CLOUD CLOVER AND A 2 MONTH GRAVESTONE DOJI.....
An EXTREMLY DANGEROUS SIGN has formed in BTC and I am not sure people are prepared for this....
Charts remain bearish and I don't see a signal of a reversal anytime soon.
Charts remain very bearish for the Stock market using spy as reference. This is a quick small update since I am in a hotel using my hotspot, but I wanted to send out an update.
Cycle sand indicators are still in bearish mode, with a dead cat bounce coming, but somehow there is more downside according to the charts.
Cycles and technical indicators on the larger time frames remain bearish. Seems like BTC wants to pump, but the larger time frames are still very bearish, but we will see.
Somehow, the dollar is looking neutral and waiting for something before making it's next move....
Cycles and MACD have just triggered a BREARISH WARNING for the entire stock market.... This is a somewhat serious concern as this might be a real test for the BTC bulls out there to see if BTC fully decouples from stocks or if it get dragged down with SP500.
A possible bounce is here... but charts remain bearish on larger timeframes, but bullish on small timeframes...
Cycles continue to signal more downtrend with bounces along the way.
Tomorrow is a critical point for BTC as the weekly close of tomorrow will indicate if the price will keep going down or if it will stabilize before another leg up. Watch tomorrow like a hawk people.
Tomorrow is an important day for the crypto market with Jerome Powell speaking. Charts remain bearish, but Jerome could change all that tomorrow.
Charts are at extreme levels now and I still see many bulls out there...
It's been weeks since I posted, but here it is for those who want the opposite side of the coin and what can lead to it.
The short term shows a bounce, but larger time frames still show negative downward push is still coming.
Cycles and TA are both projecting more downside. However, there is also something I am announcing on this.
Nothing but bearish signals everywhere and we patiently wait for more confirmations but the MACD is clear, more downside should be expected.
More bearish signs emerge except there are 3 lonely indicators that are bullish while the rest along with cycles are bearish AF. Also the MACD is patiently waiting for the Dollar DXY to make up its mind on direction. Odds favor Dollar to move up, which mean all else down....