Bullmarketcoming
Bitcoin 2018 Bear Market v 2022 Bear MarketThere is a striking similarity between the 2018 and 2022 bear markets in Bitcoin as illustrated on this chart. This is the same thing I have been discussing for months now on Twitter and YouTube while so many other large influencer accounts were screaming that it HAD to go below $12K. While there is no guarantee that the low is in yet (there are no guarantees in trading except that you WILL lose money at times), there are a number of signals that it very well may be. This is just one of them.
Break out impulsively above the weekly pivot and there should be no looking back.
USDT.D proves my altseason idea!Please look at my btc.d idea before this one to understand!
Not alot of people know that usdt.d is important and I just recently found out it very much is but pro traders don't tell you especially youtubers so im here to explain for you guys! When usdt.d goes down it means more people are starting to buy crypto from usdt which means if usdt.d dips, thats when usually bullmarket happens except for 1 condition and that is if people are fully getting out of crypto which is very unlikely for people to lose interest in crypto especially when it's still new and more people are finding out about crypto! So anyways, usdt.d hit resistance 2 weeks ago and is starting to go down. Currently its breaking a strong support that its been trading in for weeks and also created a bearish divergance shown by the yellow lines! This means a bullmarket is starting to come into plsy right now! Please see my other ideas to find out why I believe usdt will fill more into altcoins than bitcoin right now!
BTC more bullish than ever?The bear market on BTC at this moment would seem to be exclusively a mirage .
As can be seen from the weekly chart, on 12 October 2020 BTC started forming a perfect ascending triangle forming a superior resistance between 65,000 USD and 69,000 USD supported by a strongly bullish trend tested once so far in the area between 30,000 / 33,000 USD.
Furthermore, the moving average (MA 50) has not yet been broken down and provides support for a clearly long-term uptrend.
The fall we are going through now should bounce off the trend in an approximate area between 42,000 / 46,000 USD in the case of a rebound the push could be such as to break the positive composition going to see new higher highs in 2022.
Analyzing the least probable case given the general increase in the market cap compared to 2020, in the event of a decisive breakdown of the fundamental support established at 42,000 better visible on the daily chart , then we could really start talking about a bear market or at least a momentary retracement given the strong bullish pressure.
Daily Crypto Market Update - So Near a Bottom. So Close.In this video:
* A rundown of our stock market indexes
* A rundown of our current crypto leaders
* A rundown of our current altcoin roll
* All charts correlate and agree. We are very NEAR a bottom. Very near!
You heard it here.
Best of luck traders!
ETH - still needing 1 more wave up?ETH had a huge plunge from the psychological 4k level. That was to be expected, as the RSI on all timeframes (daily, weekly, monthly) was getting into nose-bleed teritorry and needed to cool off.
The big question now is - did we start the bear or does the bull still have some legs? Technically we are already in a bear market as ETH dropped about 50% (technical definition of a bear market is mkt dropping by more than 20%). However, is this bull dead or is this just a "correction"?
From an Elliot Wave stand point it would seem possible for this big drop to be a wave 4 correction with one last push higher (wave 5) still in the cards. This would also fit quite well the alternance of the waves, as wave 2 was a sideways move, while this wave 4 is very sharp.
The invalidation level would be if ETH overlaps the prior ATH from 2018, as that is the (presumed) same degree wave 1. If that happens, then odds are the bulls is dead and this could correct 80-95% as per the prior bear markets.
Personally I still think one more wave higher is needed, but I would not invest money I cannot afford to lose or keep locked up for a few years until the next bull emerges.
Disclosure: I still have about 20% of my crypto holdings and plan to add in this general area. 2k is a big round number and big psychological level, it might be spiked lower to hunt the stops below, but once it's won back, I believe it would be safe to add.
SPX - BullishI went through some of the SP500 company charts, to me looks like this is breaking back into late 90's and 2000's channel, and I have seen all the doomsday idiots say the world is over. I think buying at the bottom of the wedge with stop loss will have insane risk reward for longs. Will wait until it get there and we can make blow off top with the brrr brrr brrr trillion dollars a day of toilet paper to pump the toilet market. everyone will FOMO back in the market, especially the panic sellers once we hit new highs end of year. all the sell in May retards will sell the bottom. We moon with Jerome into hyper bubble and extreme unaffordability, maximum gilded age rekt. middle class all but dies and commodities start the bull run of human history from the depths of hell. Bitcoin, Oil, Gold, Silver, all going to fucking moon. Hop on the train in 2020 because the boomer shitcoins will dump for 10-20 years after they pump to Valhalla. Boomers will envy the youth who said fuck the Ponzi and bought commodities.
Next crash in 2024-26 we will be at zero interest rates, will go to maximum negative rates, and print 4 trillion a day. The USD will die and lose reserve status. Gold, Silver and bitcoin will not be for sale, holders of fiat net worth will be zero. only assets such as real estate, stocks, and physical goods will retain any value, but will fluctuate wildly in the low demand environment. Commodities such as bitcoin, gold and silver will only be attainable by the elite.
Are you willing to hold massive drawdowns and not sell to these fuckers that want to take all your real money? My view it is time to hoard as much real money as I can afford. I will buy gold, silver and bitcoin (and Altcoins :D) until they are unaffordable. Choose your destiny wisely, follow the herd or go the road less traveled.
This is not financial advice.
Fuck the system.