This chart shows that bears have literally been obliterated off the face of this market over the past 5 years. I'm talking about bears who actually take action, not the ones just sitting on the sidelines, blabbing. Even the 2022 bear leg barely pushed up the p/c ratio. Compare to market behaviour prior to 2020, even the entire average line was much higher. (Real sell-offs are marked by the unhappy face). What does this mean? Well, I once thought bears were the truth speakers, the ones to speak of distortions from reality and prepare others for periods of "reconnection". Does it matter though if the distortion remains as reality? I also read once that bears form the market bottom during significant downside events. Does this matter if the market never falls? I suppose, we shall see.
An ascending triangle was spotted. Ascending triangle has a higher probability of breaking upwards The price right now is at the lower trend. To buy now when market opens again. Price around 34.41. There's a lot of selling pressure in the market right now. Since this is a buying opportunity, we should have a smaller position than usual. Price target 45. Stop when candlestick closes below the lower trend line.
I dare to say that it’s the official start of alt season. Over the next 217 days, we are going only up... ONLY IF WE HOLD THE LINE. So, throughout this technical analysis (TA), you will see some very important charts that we need to hold the line on. If the line is broken, there is no alt season for me; the line in the sand will be drawn. The main chart above is currently TOTAL2, which means the total crypto market cap WITHOUT BTC. https://www.tradingview.com/x/tnyQZlK5/ What you’re about to see here on these charts is nothing short of amazing. The chart on the left is my new secret weapon for knowing when alts have bottomed. As you can see, every time we hit the top of this resistance on this chart, it marks a major alt bottom. So far, it has been happening once a year since 2022. As of this week, we have gotten the 4th hit. The stars are once again aligning. Finally, once I see everything lining up, I know that there’s an extremely high chance that I will be correct. What are the chances that we hit the top of this resistance for the 4th time on the week of the Fibonacci time sequence you see on the main chart, which also happens to be the bottom of this diagonal support? Again, too many things are lining up here for me. https://www.tradingview.com/x/EdYvUWMP/ This time, the Fibonacci sequence I’m following failed to give us anything on the first two hits, but the third (2.618) showed a nice pivot, and the fourth (3.618) showed us the August 2024 alt crash, which is a very important date and event because it mirrored the COVID crash of the last cycle in many ways. So far, then, we have a 50% hit rate on this sequence. We shall see if this week’s Fibonacci count is the actual bottom and pivot of the year. The most important date for me is the one after October 13th, 2025. This has very much piqued my interest because this is exactly when I think the altcoin market will top this year. Why October? Well, if you take a look at my Bitcoin TAs, I think September 2025 will be the Bitcoin cycle top this year, and what normally happens is the altcoin market rallies 20–30 days after BTC has topped. Let’s take a look: https://www.tradingview.com/x/x5zQnk0j/ As you can see, Bitcoin topped in April 2021, and 28 days later, the alt market topped. https://www.tradingview.com/x/cvgGky14/ In the 2017 bull market, the same thing happened: Bitcoin topped, and 22 days later, the altcoin market topped. https://www.tradingview.com/x/owgaYjzh/ My thesis for Bitcoin is that we are currently starting the final Wave 5 that will top in mid-September. As you can see, my Fibonacci time sequence has a hit on this timeframe, which is also 1,050 days from the cycle low—the exact length the last two cycles have taken from bottom to top. https://www.tradingview.com/x/Ies2ATGb/ The ascending triangle technical target is about a 5 trillion market cap at the 3.618 level, which is the Fibonacci level we topped out at last cycle. https://www.tradingview.com/x/NJgkhhSj/ Many of the greatest rallies have started at this RSI level. https://www.tradingview.com/x/zC66vIgl/ The Wyckoff Spring indicator fired off for the third time in ETH history. This is a real-time signal; it has no lag. https://www.tradingview.com/x/ybCvNnyq/ Could this be the spring? Conclusion I’m 99% sure this is the bottom as long as this diagonal support is not broken. That’s the only condition here. If it holds, a V-shaped recovery is likely, and expect only up for 217 days.
The chart shows the price approaching a strong resistance zone (GWS), where a rejection or breakout is possible. If the price gets rejected, a decline toward support levels may follow, while a breakout could lead to further upward movement. It is crucial to monitor the price reaction at this level to confirm the next trend direction.
A quick outlook on USDCHF to determine the direction prior CPI news. Which prints quite nice.. looks BEARISH TO ME. Hence, I will be looking for my short entries along my context area.
The price action on the daily chart in the S&P 500 implies sellers are still in the market but they are slowing down. The possibility that we've gotten low enough to find buyers is showing up in the current structure. However, no reason to be a buyer at current levels we need to see upward price movement to give us an indication that buyers are present.
Short let’s kill the bulls What do you think guys
Here we are currently looking at long positions, this can also been considered as a breakout Trade. We have a Liquidity Trend Line that we are respecting. We are currently in short sell positions into the two possible demand zones. I would prioritise our second Demand zone as that would be between our 71% level. From there I will be looking for long Term Breakout trades
CADCHF has just formed a "Double Bottom" at weekly and monthly time frame, accompanied by a bullish RSI divergence on the weekly chart. Seasonality indicates bullish momentum after mid-March to the end of April. Look for Buy opportunities on confirmation or you can look for buy on the current level if you are an aggressive trader.
I missed my session yesterday because for March the times are off by 1h - I obviously did NOT realise that... Good session, I gotta start taking more confluences like the one marked on the chart...