The three weekly moving averages that I use: MM 62 / MM 162 / MM 262
- The MA 62 gave the first signal of bear market confirmation.
- The MA 162 gave the first bull run signal after a long bear market.
- The MA 262 here we are now is a solid long-term support that has never broken down.
We can spend weeks between the MA 162 and the MA 262 before breaking from the top, and it is quite possible to close below the MA 262 as we did with the MA 200 Weekly for the first time in the history of BTC
Many bearish signals: Possible recession on the stock market with a Dollar in a bull run, rising inflation, rising interest rates, the S&P 500 in down trend correlated to BTC and a QT doesn't really started.
- QT: Quantitative tightening (QT) is a contractionary monetary policy tool applied by central banks to decrease the amount of liquidity or money supply in the economy.
https://www.tradingview.com/x/NQ3d58av/
ETH/BTC after its 2021/2022 bull run, it confirmed the Bear Flag via the break from the bottom of the compression triangle, the MA 62 Weekly, and a lower low
We just made a pull back and we were rejected by the MA 62 which became resistance, of the triangle's trend line, in confluence with the 61.8% fibo,
BTC can go down 1% alts can go down a lot more, given the liquidity that will leave the crypto market.
BTC is supported by real maximalists who don't give up, BTC's dominance is 42%, for this reason it takes less when the retails have capitulated well on BTC.
I am also ready for a return to the uptrend and the end of our bear market, it's really the dream, except in the medium term all the signals are bearish and the DCA remains my best strategy.
https://www.tradingview.com/x/uHzBWYxk/
👍 Follow the links below to the best & Secured Exchanges that I use for trading & often gives rewards for sign up, or for using their platform like Learn & Earn Program, Trading Competition, Daily Sign in, or Daily free Mining.
📈 Binance: https://www.binance.com/en/register?ref=12258276
📈 FTX: https://ftx.com/#a=1768923
📈 Coinbase: https://www.coinbase.com/join/amine_f
📈 Phemex: https://phemex.com/register?group=718&referralCode=BAR9K
📈 Kucoin: https://www.kucoin.com/ucenter/signup?rcode=Kvyf2d
📈 Huobi: https://www.huobi.com/en-us/topic/double-reward/?invite_code=33423
📈 Gate: https://www.gate.io/signup/1294464
📈 Bitmart: https://www.bitmart.com/en?r=7cxGAc
📈 Hoo: https://hoo.com/friends/32261780?localeLang=en&
📈 Bybit: https://www.bybit.com/app/register?ref=7Wgmj
📈 Wazirx: https://wazirx.com/invite/xfhht4cr
📈 Stormgain: https://app.stormgain.com/friend/BNS14781478