Nextep

Nextep

There's 2 clear trendlines that support ETH at the current price. Therefor I believe there's a high chance that Ethereum will start it's run for a higher high from this price. I would expect a strong bearish divergence when it does, and this is when We could expect a final multi year bear market, and eventually the start of a new 5 wave cycle.

Nextep

Several bullish indicators on the DXY chart make me fairly confident that other assets will see negative pressure MACD bullish divergence on the daily and weekly chart, as well as monthly macd about to cross up. Bull flag forming DXY has historically been very correlated with BTC (inverse correlation) Several fundamental factors indicate my suspicion: FED...

Nextep

Markets getting volatile as the FED is indicating it wants to start tapering soon. Also US10Y yield is rising and TLT bond index (Burry's bet) are dropping. Meanwhile the DXY is rising and all signs are pointing to a period of deflation and a possible market crash, pushing the VIX up, along the trendline. As you can see the weekly MACD is also opening up,...

Nextep

If Link is not able to push through the resistance line, there is a chance an LT falling wedge pattern might be in play.

Nextep

MINA USD to go down with general market sentiment. BTC.D bottoming, will cause all alts to top and roll over. Possible incomplete / interrupted cycle due to macro economic environments (DXY , DJI , TLT) and Crypto Tax.

Nextep

DXY continues to dictate, disregarding fundamental, on-chain, and eg S2F. Markets have traditionally been very tied to the DXY, as you can see, the DXY also played a huge role during the 2017/2018 crypto market top. I believe we are seeing the same again. The DXY is rebounding, and the crypto and trad markets are showing signs of weakness on the fed's comments...

Nextep

In this study, I will look at the ratios on BTC.D to define the bottom of BTC, and the start of Alt Season. As BTC.D is showing signs of upside, exactly like it did after the 2017 top, indicating weakness for altcoins after this year's parabolic boom. Many alts went 30-100x, and it seems like it's time for them to consolidate. This bear market seems to be...

Nextep

As you can see on the chart, BTC has always been heavily correlated with DXY performance. Over the last few weeks I have found that the entire NFT / DEFI craze was just a bit crazy, and everyone got super bullish, even tho the possibility of a bull trap are still real. Sure all on-chain metrics are bullish, but S2F isn't exactly holding very well (even tho it...

Nextep

BTC will likely retrace to at least the 41K level, based on a rising DXY meaning a stronger dollar. A stronger Dollar never bodes well for BTC, as it coincided cycle tops for the the previous 2 bear markets.

Nextep

Reasons or observations for my idea: Divergence between DJT (falling) and DJI (rising) Rising DXY Blowoff top in SPX (extreme vs current economic situation) Delta variant and continued corona crisis Destabilizing debt markets HYG (high yield corporate bonds) on brink of collapse BTC dropping below its 21W EMA

Nextep

Analysis based on fib retracement and extensions Expecting a short term retracement to 6800, before starting the bull run 2021-2024 topping nov-dec 2024 between 325000 and 420000

Nextep

As you can see, BTC is still in a triangle pattern. Patterns are often flexible and don't have an absolute "breakout point". They will fake out many times. As momentum is dissipating after a run from 4000 to 12000, it's clear that some kind of consolidation is necessary. Whether to 8800 or 6800 is hard to say at this point. In any case BTC didn't break the 10k...

Nextep

Dollar showing strength, meaning assets could get under pressure. Bounce in DXY seems obvious. Increased volatility at the stock market highs and inflated forward pe seems like a bad combination.

Nextep

.368 fib retracement RL3 Triangle pattern 2021 Q2 bull

Nextep

The triangle range to last a couple weeks longer than everyone is expecting. Most likely will see a down breakout.

Nextep

COT CME traders show huge dip in exposure, meaning more institutional traders are going short. This together with the weakening technicals show good chances of further downside

Nextep

Is the fed buying off rich peoples assets with taxpayer money? Is the dilution of the USD used to secure the 1% wealth? The system is broken

Nextep

With the financial crisis looming (No, corona is not yet a financial crisis) There is a good chance we can see the world economy deteriorating throughout 2020, several reports have shown first signs of recovery could only just be showing its face at the start of 2021. Thats why I assume the world stock markets and other broader asset classes (which includes gold)...