Super Cycle Hammer Time
Atualizado
Looking back at the 2017 cycle there are some major differences. In the 2017 cycle the daily never delayed under 40rsi, It basically signaled bottom the moment it touched 30 and bounced. It also never went under the 20 sma on the weekly, and most importantly it never went under 10 sma on the monthly. Ive spent the past weeks analyzing the market cycle and comparing it to 2017 and previous ones. Every past cycle has done one thing in common this one hasent. retest the previous cycles ATH . Because we have broken under the monthly 10 sma and the weekly 20 (even making a death cross) This could mean 2 things.
1- This is the end of Bull market and start of bear ( less likely)
2- This being a super cycle we basically replaced our previous sma fractal supports with one timeframe up.
since last cycle the weekly 20 sma was the support , this time its the monthly.
look at days like weeks and weeks like months.
If this theory holds. We are set to retest 20k for multiple reasons
1- Retest of previous cycles ATH (every market cycle has followed this rule )
2- 20k is the 20 sma on the monthly
3- 20k is the 100 sma on the weekly,
We are due for a big correction that will send us to 20k as there is little to no support from here (35k) to 20k
I am entering a short with a stop at 38k as that would break out of downard resistance trend line and smas , It would clear the 10 sma resistance on the weekly and it would also clear the 50 sma resistance on the daily.
dyor.
1- This is the end of Bull market and start of bear ( less likely)
2- This being a super cycle we basically replaced our previous sma fractal supports with one timeframe up.
since last cycle the weekly 20 sma was the support , this time its the monthly.
look at days like weeks and weeks like months.
If this theory holds. We are set to retest 20k for multiple reasons
1- Retest of previous cycles ATH (every market cycle has followed this rule )
2- 20k is the 20 sma on the monthly
3- 20k is the 100 sma on the weekly,
We are due for a big correction that will send us to 20k as there is little to no support from here (35k) to 20k
I am entering a short with a stop at 38k as that would break out of downard resistance trend line and smas , It would clear the 10 sma resistance on the weekly and it would also clear the 50 sma resistance on the daily.
dyor.
Nota
Strong bullish divergences on hourly and actually volume increaseas on lower timeframes makes me take profit on this short at 32388. I have now longed with a stop at 31968 target 100k
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.