remember this ratio, we are capped at the top of the 3.3 ratio, we may test the bottom again but we will spring down soon, we are in a technical bear market rally ATM
for the bulls that remain bullish to 4k+
channel failure with divergence?
This chart shows an abc count on top of a possible abcde count. Normally this could be invalidated and we would end up in an extended 5th wave, but I don't think this will happen because that would make wave 3 the shortest, which can't be. Therefore, I think BTCUSD at most will rise to 60k and be truncated, beware before buying here and use sell stops in your...
don't get caught at the top again, my 5 waves are easier to see on the daily timeframe (posted an analysis before the current fake out rally like a week or so ago).. Anyhow, massive bearish divergence occurring, may get intraday rallies towards 60k, but the risk reward of buying into this is high. I expect a retracement with a relatively short term bounce above...
NDX/SPX is probably a very unutilized tool, but it threw out a big signal and we are close to a support level that could be one of the dominos that starts the bear market continuation!
A squared plus B squared, equals Be Scared! no but don't be scared or panic be smart and look at the writing on the wall, or the candles on the chart I should say. I mean, does this scream bullish?
we've exceeded the fib line in the sand, .786 drawn from the previous low, we will test 2% by early next week, multiple bear market signals, NDX/SPX ratio about to break below 3.3, top forming on all major risk-on indices like the SP500, NASDAQ100, DOW, ETC, volatility about to tear up hard, the Dollar will continue to rise
updated with fib ratios to find probable boob formation
I'm Long and Strong and down to get the friction on!
update on my previous analysis but zoomed in to the 45 minute
history and patterns repeat if you have the eyes to see
If we turn up on CCI divergence ...We may see a big spring soon
just keep walking down the bubble