Bearmarket
[UPDATE BTC] ATH Dec 2022? 1) Pump 58k 2) Dump 35k 3) bull run Like I said back in May, based on 2019-2020, we could be on the yellow path now.
I might see a mega short squeeze to 58k-60k and then a dump to 35k. Once we liquidate bull runners and bear runners, we could go up until the end of dec 2022 (with mega alt season between August 2022 and March 2023.
Will We Close 50 Week Moving Average?Hi everyone,
Thank you for considering reading my idea.
In the past cycles, whenever we close below at 50 Week Moving Average (orange line), we tend to dump down to the 200 Week Moving Average (green line). It seems like closing below 50 week MA indicates the start of the bear market except of course back in March 2020 which is the COVID black swan event.
We still have less than 3 days as of this posting to close the weekly candle above $48.4K. If close below that, we may bounce in the 200 week MA that is currently at $18.9K (which will go up in the next few weeks)
Like this idea and follow me for more analysis like this. NFA. TAYOR. DYOR.
Cheers,
Juvs
BTCUSDTWill be bull cycle longer?
Last bull cycle was nearly 1Y longer then before.
If we talking about supercycle now - can we expect longer cycle again? Or our top was hitted already?
We´ll see what happen in 2022 :-) Where is true? Nobody know !!!
That´s a reason why you have to always use SL for your daily trades. There is no discussion possible. Always use SL.
If you invest your money for years... you should take profit on the highs of long term trends.
Simply but safe.
So I wish you in 2022 - no lose your money. Investing or trading it´s not sprint. It´s marathon. You can be lucky with high leverages. But the winner is know always after years.
Thing about it.
LBL_CZ
Bitcoin is now 249 days from historic cycle lowsA brief idea to bring in your new year!
During the past 2 cycles, Bitcoin has found its cycle lows roughly 540 days prior to the halving. This happened in 2015 and then again in 2018. If this phenomenon is to happen again, we're now only 249 days away from the target of late Q3 2022.
Note: This is only an analysis on timing, completely separate and independent from my other ideas on what the price lows might be.
ETH Looking Extra Bearish!ETH has clearly broken out of the parallel channel shown and is looking more bearish as the days go by. I've marked on the chart the next support zones to pay attention to. These zones would be the best areas to look to go long. You can also consider a short but with a tight stop in case of a bullish push from the whales. Let's see how this will play out in the coming days.
Do you think inflation is playing a role here?
Do you think there will ever be another bear market... if so are we currently in one? Let me know your thoughts below.
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice.
Is Bitcoin heading into a longer Bear Market?Bitcoin has broken the the long-term 1W Bollinger Midband at $53.2K a week ago and was unable to recuperate above which marks either a (1) short-term bear trend or (2) a longer Bear Market at hand. It is not clear currently which of the two we're looking at but short-term Bitcoin is bound in a falling wedge.
The top of the wedge will be tested at $49.5-50.5K within 24 hours.
Should we fail there, then Bitcoin will likely fall deeper within the wedge down to offer us a great buy opportunity at $34-32K as we'd extend into a longer bear market.
Note, should we break out past 50.5K to retest 52-54K area then the falling wedge setup would have failed and we may be looking at a short-term bear trend (2-3 months) above 40K potential bottom after which a new bull trend would develop taking us to 150K by May 2022.
A bull market would confirm, once a Weekly candle closes above the 1W midband currently at 53.2K. Should this happen, I will look to ride the bull trend again, till then most of my profit has been taken.
Good luck!
Carl M.
DOTUSDT Shorting this DowntrendHi traders. Shorting DOTUSDT aiming a take profit around $22.3. All important support levels are losted and will fall due to BTCUSDT. My Fibonacci Retracement scale have new two subdivisions for displacement of the stop loss area above 88.6% and the takes profit area either 14.6%. Thanks for the attention. Press like button If you liked this idea.☕ Have a profitable day trading.