Bitcoin is bullish as long as it stays inside current rainbow, and waterfalls doesn't come crashing below the cloud.
Yellow arrows are Bitcoin halvings. Historically, BTC has been at the bottom of the rainbow around halvings.
Total Crypto Market Cap Exclude Bitcoin = $1.3 Trillion (+512%) Bitcoin Market Cap = $909 Million (+66%) Bitcoin Dominance = 40% BULLSHIT is 3x long shitcoin index (-94%)
It will be the largest monthly green candle in Bitcoin's history so highly unlikely.
Bitcoin with Trend-based Fib Extension and Fib Speed Resistance Fan.
The bearish pennant is a continuation pattern therefore it'll likely break downward. How low? It's the length of the flag pole (orange arrows). That takes Bitcoin to the $18K-$20K area. The VPVR confirms weak resistance below $30K. The POC (red line) confirms the area.
BEAR MARKET. Here are the facts that marked the end of the Bitcoin bull markets in 2013 and 2017. 1. More than 50% crash from ATH. 2. Breaking below the monthly 9 MA (white line). 3. Extremely overbought RSI going below 70. Indicators that marked the bottoms: 1. The yellow line is the 50 MA. 2. An RSI of 43 (orange line). You can guess at the future price...
Alt Season is over. When altcoins and ETH crash at the same time as Bitcoin, the crypto bear season has started.
The weakening momentum and penetration of the Ichimoku cloud marked the end of the bull market. The bearish RSI divergence was a reliable signal. The oversold RSI is still not as low as the March 2020 crash and could have more room on the downside. The VPVR on the right are areas where most trading activity take place. The longer the horizontal bars, the stronger...
In 2018, Bitcoin crashed 54% and confirmed the beginning of the bear cycle. There was some dead cat bounces, each weaker than the previous one before finally crashing 84% from its ATH. This month, Bitcoin dipped 54%. Like the stock market, every crash is different. We have more institutional players and massive stablecoin printing. But I believe the bear...
Sectors are energy, financials, tech, FAAMG, cyclicals, small caps, Tesla, ARKK, etc.
The 3 benchmark groups I'm following. The "yellow" group is the financials, energy and industrials. The "red" group is the FAANG stocks. FAANG is Facebook, Apple, Amazon, Netflix and Google. The "blue" group is TSLA, ARKs and SPAK. SPAK ETF tracks SPACs or those derived from it. The rotation to less speculative tech continues, for who knows how long.
Tracking. ARKK is down 6 out of the past 7 trading days. Financials are up 7 out of the past 8 trading days. Despite recent pullback I'm still bullish on the space industry.