TradingShot

Bitcoin (BTCUSD) has entered a new Bear Cycle while the stock markets remain near their All Time Highs (ATH). The general notion is that when BTC starts a Cycle (either Bull or Bear), the stock market, which on this particular analysis is the S&P500 (blue trend-line) follows suit. But how much truth is in it?
Here we see those Bear Cycles since 2011. As you can see in 2011 and 2022 both BTC and the S&P500 dropped around the same time. In 2018 even though both started falling, the S&P500 recovered shortly after, even made new ATH but dropped again remaining volatile. On the other hand in 2014, the S&P500 kept rising, even though BTC was in a Bear Cycle.
As a result, the above notion isn't 100% accurate, not entirely a 'myth' but for sure not a certainty. We even plotted all previous S&P500 sequences during BTC's Bear Cycle, on today's Cycle and as you can see the worst case scenario based on that is a 2022 type correction (grey fractal), which would bring the index back to the April 2025 lows. Bitcoin will most likely have a typical Bear Cycle, especially with the last two (2022 and 2018) being almost identical.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
$BTC #BTC #bitcoin #BTCUSDT #signals

Bitcoin (BTCUSD) remains on a short-term rebound, as mentioned before, a standard counter-trend/ dead cat bounce during Bear Cycles.
Here you see the Mayer Multiple Bands (MMB), an indicator we've used countless times to determine tops, bottoms and general trends of a Cycle. This time we plot this simple yet powerful tool to make an early estimate on the potential bottom of this Bear Cycle.
We will keep this short as there is no reason to overcomplicate things, especially at this stage. BTC is as we said on a small rebound currently after almost testing the 2SD below (blue trend-line) of the MMB. On all previous Bear Cycles show on this chart, every time this happened, the market bounced and consolidated then.
When the 2SD below trend-line broke, the market reached the 3SD below (green trend-line) rather aggressively and quickly. In all instances, that was the Bear Cycle bottom, with the only exception being the 2022 Bear Cycle, which gave one last short-term rebound/ consolidation and bottomed when it broke below the 1W MA300 (red trend-line).
The 1W MA300 has historically had a hidden but key role on BTC Cycles. When tested, always after the initial MMB bottom, it provided a 2nd and final opportunity to enter (buy) the new Bull Cycle at such a low price.
It is possible to see something like that happen again. With its course (1W MA300), assuming the current Bear Cycle also lasts for around 52 weeks (364 days) like the previous two, we estimate it to be a little under $60000 by October 2026. The MMB 3SD below though could be by that time around $40000. It is possible of course that we breach the 1W MA300 (much) earlier thus at a lower price, meaning also potentially hitting the MMB bottom a little higher.
In any case the bottom range seems roughly by $60k - $40k. Since determining the Cycles (hence Tops - exits, Lows - entries) has always been more about timing and less about pricing, this is why we've discussed before that it would be a good idea to start buying (call it DCA if it suits you better) around $60k. As always, however, these are just the facts. The decision is yours.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals

Stellar (XLMUSD) is in the middle of its Bear Cycle and currently consolidating within its 1W MA50 (blue trend-line) - 1W MA200 (orange trend-line) in anticipating of Phase 2 of the Cycle's structure.
As you can see, the dominant pattern since the January 2018 High has been a Triangle, with the recent Cycle Top making direct contact with the Lower Highs trend-line and the bottom with the Higher Lows trend-line.
There is a very high degree of symmetry among those Cycles. Fine example is the 1W RSI, which every time it hit 38.50, the price had always tested the 1W MA200 while on its Bear Cycle and always after breaking below the initial (dashed) Triangle, which is the first pattern post the Bull Cycle Top.
As far as the bottom is concerned, there is obviously the Higher Lows trend-line to consider but at the same time, the 0.786 Fibonacci retracement level can also assist as the previous two Cycle bottoms were priced just above it.
As a result we estimate that this Bear Cycle may bottom around 0.13000 before XLM turns into a long-term buy opportunity again.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#XLM #stellar #XLMUSDT #xlmusd #signals

Bitcoin (BTCUSD) is on its 3rd straight week of consolidation on its 1W MA100 (green trend-line) after marginally breaking below it (green circle). We've shown in previous analyses how the build up, including the Higher Lows trend-line (1W RSI Lower Highs Bearish Divergence) and the 1W MA50 (blue trend-line) rebound, of the 2025 Bull Cycle High, mirrors the 2021 peak formation.
Given the strong similarities, there are valid probabilities suggesting that those can expand into the Bear Cycle too. And this is what we attempt to do on today's post, mapping the new Bear Cycle based on the 2022 price action.
As you can see, we have classified the 2022 Bear Cycle into three phases. The key characteristic of those is MA contact. Phase 1 ends when the price hit the 1W MA100, Phase 2 when it hits the 1W MA200 (orange trend-line) and Phase 3 the 1W MA350 (red trend-line). So far the symmetry is also high on the time range between the 1W MA50 and 1W MA100 contacts among the two fractals (245 days vs 224 days).
If this holds for the whole duration of the 2026 Bear Cycle as well, we can expect it to roughly be 52 weeks (364 days) rom the Bull Cycle Top to the Bear Cycle bottom, like the 2022 sequence.
The time Fibonacci levels help at maintaining a sense of positioning within the Bear Cycle, with the 0.236 Fib being just before Phase 1 ends and Fib 0.618 when Phase 2 makes contact with the 1W MA200.
Even though a straight up repeat of the -77.36% decline of the 2022 Bear Cycle would put the potential new bottom just below $30k, a Fibonacci extension symmetry suggests that Fib 1.0 was the Low we just made (1W MA100), Fib 1.5 ext around the time the price makes contact with the 1W MA200 and Fib 2.0 when the Cycle bottoms.
This indicates that $63900 is the first point of interest (and potentially start of buying) and $51000 the potential bottom.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals

Ethereum (ETHUSD) completed on Saturday its first 1D Death Cross in 9 months (since February 28 2025) and today the market is (so far) reacting violently to it with a strong sell-off.
The market didn't even manage to re-test its 1D MA50 (blue trend-line) on last week's rebound and if it follows the 2022 Bear Cycle, it may look for a bottom after completing a -52.50% decline from its Cycle Top. Technically, even the build up to the Cycle Top resembles the 2021/22 fractal and as you can see the similarities are even evident on their 1D RSI sequences.
As a result, if this 1st Bear Cycle wave for ETH bottoms around $2400, we could be expecting a first rebound to test the 1D MA50 (within the 0.382 - 0.5 Fibonacci range, i.e. around $3100) and get rejected, followed by one last to test the 1D MA200 (orange trend-line), within the 0.5 - 0.618 Fibonacci levels (i.e. above $3350) and get rejected to start the 2nd wave of the Bear Cycle.
Would you 'trust' this Bear Cycle build up?
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#ETH #Ethereum #ETHUSD #ETHUSDT #signals

Bitcoin (BTCUSD) has more likely than not entered a new Bull Cycle, a subject that we've covered extensively over the past 2 months.
As discussed however, there is no reason not to expect technical rallies here and there, practically as we've shown those are quite common in the basic Bear Cycle structure. Historically, moreover, bullish rallies of Bear Cycles have been on average more aggressive than those during Bull Cycles.
So now that the intro is over, let's move to the main course. BTC's sell-off since its October 06 $126400 All Time High (ATH) has been a Bearish Leg similar to the previous major correction of January 20 - April 07. In fact it technically seems that they are both a part of a Channel Up. Having also just completed a 1D MACD Bullish Cross as in March (though that structure made one final Low), it appears as if the first counter-trend rally of this Bull Cycle that we've talked about in the past 10 days, may materialize.
In fact, it is already under way and as we've shown in past analyses, it aims and is restricted by the 1D MA200 (orange trend-line), which is the natural technical Resistance during Bear Cycles. If it actually repeats the Jan - April 2025 correction, it should now test the 1D MA50 (blue trend-line) on the Lower Highs trend-line, which has been the Resistance during these past 2 months.
That strong immediate Resistance Cluster also has the 0.382 Fibonacci level, which is also where the April rebound got rejected and consolidated for a few days. As a result, Target 1 is at $95850.
The second and final (over extended) Target of this is, as mentioned the 1D MA200, outside of the Lower Highs trend-line. A target scenario for this, where the price could make marginal contact with the 1D MA200, is $106450. This is where the 0.618 Fibonacci retracement level is, which was also Target 2 for the April fractal and where the second consolidation took place.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals

First of all allow me to wish everyone Happy Thanksgiving with all the blessings this day may bring to your family and loved ones.
As for Bitcoin (BTCUSD), the anticipated short-term rebound is targeting the first Lower High of the emerging Bear Cycle. What's critical in this? The 1D MA200 (red trend-line) and the reason is simple.
As the previous three Cycles show on this graph, when BTC starts a Bear Cycle and breaks below its 1D MA200, it then turns into the Resistance for the rest of the Cycle. And as you can see, it rejected every single time the Lower Highs. Practically that is the most optimal level for someone to short for as long as the Bear Cycle lasts.
As a result, we expect the current counter-trend rally/ dead-cat bounce (call it as you want), to be limited by the 1D MA200, which is currently at $110k and falling, then get rejected and start the next Bearish Leg of the Channel Down.
So do you think the 1D MA200 will play the role of the long-term Resistance from now on? Feel free to let us know in the comments section below!
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals

Dogecoin (DOGEUSD) has been trading within a Channel Down since its December 02 2024 weekly High, which turned out to technically be the top of its Bull Cycle.
The latest Lower Low of that pattern was on the October 06 2025 weekly flash crash but since then it retraced back into the 1W MA50 (blue trend-line) - 1W MA200 (orange trend-line) range. The 1W MA200 has been the market's Support throughout the whole 2025. The 1W MA50 typically assumes the role of the long-term Resistance during Bear Cycles.
As a result, we expect a short-term rebound now for Doge, but that should be limited by the 1W MA50. This is also where the 0.618 Fibonacci retracement level is from the October 06 Low, a Fib level where he September 08 2025 Lower High was priced.
Based on that, Doge could target $0.20 (Fib 0.618) and then resume the downtrend on the Channel's new Bearish Leg. If it follows the -7% decreasing rate of the previous Bearish Leg, we can see it bottom after a 59% decline, which should be around $0.085.
Notice also that last week's Low, wasn't only on the 1W MA200 but also on the 1W RSI's Support Zone. A Zone that has been holding since June 05 2023, essentially the major Support of the Bull Cycle, and has provided four perfect buy entries already.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#DOGE #Dogecoin‬⁩ #DOGEUSD #DOGEUSDT #signals

Bitcoin (BTCUSD) is experiencing a short-term rebound, whose possibility of taking place we discussed last week. This rebound can technically test and get rejected on a trend-line that all previous Bear Cycles did, the Lower Highs trend-line.
As you can see, that trend-line has been present during all cyclical corrections, essentially being the Bear Cycle's natural Resistance level. Basically the whole structure of every Bear Cycle has been similar, displaying also a Pivot trend-line, which was either a previous High or a Support and once broken, strong sell-off continuation towards the Cycle's bottom. The first two Cycle's (since 2014), bottomed on their 1M MA50 (blue trend-line), while the last one near the 1M MA100 (green trend-line).
Right now the market almost hit that Pivot and a short-term rebound and rejection on the Lower Highs trend-line, may initiate Phase 2 by February 2026.
Notice also the similar 1W RSI Lower Highs structure among the Bear Cycles, being a Bearish Divergence early call for the Bull Cycle Top.
Based on all the above, it shouldn't be surprising if BTC bottoms near or on its 1M MA100 this time also, even though (as explained on previous analyses), it would be a good idea to start buying after roughly $60000 breaks.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals

Cardano (ADAUSD) has been trading within a Channel Down since its December 02 2024 weekly top and undeniably has (long) started its new Bear Cycle.
This Channel Down has however bottomed (Lower Low) and with the 1W RSI hitting also its 3 year Support (essentially the Support of the whole Bull Cycle), it is possible to give us a strong Bear Cycle rally.
This rally would technically be the pattern's new Bullish Leg with the previous two both peaking on the 0.8 Fibonacci level. This time however, ADA is trading below its 1W MA50 (blue trend-line) and during Bear Cycle's, that is the trend's main Resistance.
As a result, we believe the rebound is limited at a maximum price of $0.6500.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#Cardano #ADA #ADAUSD #ADAUSDT #signals

Bitcoin (BTCUSD) closed last week brutally below its 2W MA20 (red trend-line) and has started this week off with the first signs of a potential rebound. We explained on previous analyses the dynamics of the 1W MA50 bearish closing as well as the rebound potential on the 1W MA100 but today are looking at what this 2W MA20 bearish closing means.
First of all, observe for a moment the remarkable symmetry between the 2W MA20 bearish closings across all Bear Cycles. The date range between the March 31 2014 and March 26 2018 2W MA20 closings was 104 candles (1456 days), March 26 2018 and December 06 2021 was 97 candles (1351 days) and December 06 2021 and today's November 10 2025 was again 103 candles (1435 days).
As you can see on two of those three occasions, BTC initially rebounded above the 2W MA20 again but then got rejected back below and consolidated while turning the 2W MA20 into its main Resistance for the rest of the Bear Cycle. In 2022 it just fell below it and consolidated for 4 months before getting violently rejected to new Lows.
As a result, given also the amazing symmetry of the 2W RSI sequence among those fractals, we still expect the market to potentially deliver the first counter-trend rally (limited) of the Bear Cycle, namely 'Santa's Rally' but then get strongly rejected below the 2W MA20 again.
We call this the start of the 'Bear Cycle's High Volatility Period' and needless to say, it is the phase where due to the aggressive ups and downs in range, most traders/ investors can potentially get trapped. Following Bitcoin's 4-year Cycle Theory (and our 2020 Golden ratio) has historically never let us down and until invalidated will continue to be the way to go for us.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#bitcoin #BTC #BTCUSD #BTCUSDT #signals

Tron (TRXUSD) closed last week below its 1W MA50 (blue trend-line) for the first time since March 20 2023. Those +2.5 years it has been riding the new Bull Cycle within a Channel Up that peaked on the December 02 2024 1W candle, around the majority of the altcoin market.
The current 1W MA50 break seems similar to the December 13 2021 one that was also initiated after a 0.236 Fibonacci level rejection and confirmed the subsequent Bear Cycle. With the 1M RSI brutally falling below its MA, we believe the market may have again confirmed the new Bear Cycle and the next target (as then) is the 1W MA100 (green trend-line).
Our long-term projection for a Cycle bottom is the 0.786 Fib, unless the 1W MA200 (orange trend-line) gets hit after August 2026. If not we believe the market may bottom around at least 0.16500, which is still a more optimistic scenario as it falls even above the 0.5 Fibonacci retracement level from the November 14 2022 (previous) bottom.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#Tron #TRX #TRXUSD #Trxusdt #signals

Bitcoin (BTCUSD) has been on a brutal (but technically anticipated) correction ever since its October 06 All Time High (ATH), registering 6 red candles out of last 7. We have shown in previous analyses why the Bear Cycle has technically started, how the market lost the 1W MA50 (blue trend-line) and is now about to touch the 1W MA100 (green trend-line).
This is the time where we may see a counter-trend rally, the first within this Bear Cycle. First of all, BTC has just completed a total decline of -32.30%, exactly like to the January - April 2025 correction and identical to the -33.55% March - August 2024 correction. This is why we project the 86600 - 83600 range as the first technical Support Zone of this Bear Cycle and potential rebound candidate. In the meantime, the 1W RSI is approaching the 30.00 oversold barrier, which further enhances the probabilities for a relief rally.
If materialized, it can technically rise even as high as the 0.618 Fibonacci retracement level, where it may make contact with the 1D MA100 (red trend-line), even above the 1W MA50. The 1D MA200 has been the counter-trend rally rejection trendline and Resistance of the previous two Bear Cycles. Coupled with the 0.618 Fib, it forms a formidable market Resistance Zone.
This rally may coincide with a final stock market rally, what is traditionally called 'the Santa Rally', which is the end-of-year rise on the markets. Technically that can be the perfect Bull Trap that rejects the rebound and resumes the bearish trend towards Lower Lows and eventually the 1W MA200 (orange trend-line).
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals

Binance Coin (BNBUSD) is currently on its 4th straight red week (and 5 in the last 6), declining aggressively following the October 13 All Time High (ATH). That was also a technical Higher High for the 4-year Channel Up that started following the November 01 2021 Top of the previous Cycle.
As you can see the sequences that led to both Channel Up tops are similar. Technically this implies that the recent 6 week decline is the start of the new Bear Cycle (Bearish Leg for the Channel Up).
The price is now approaching the 1W MA50 (blue trend-line), which is the first Support, with the 1W MA100 (green trend-line), this time right below it.
Technically, we could see this Bear Cycle decline by as much as the previous one, -71.81%, and hit $400 before it bottoms. A solid indicator for when to buy BNB during this correction, is the 1W RSI hitting 30.00 (oversold), as it did on June 13 2022, which market the Cycle's bottom.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#bnb #BNBUSD #BNBUSDT #BinanceCoin #signals

First of all allow me to begin by saying this: IT IS NEVER FUN to call market tops. Especially on long-term charts, especially on Bitcoin/ crypto. And the reason is that, usually it violently traps most people in. Either for a long time or until they lose all capital. And nobody should take joy in this and as chief analyst here at Tradingshot, I am no exception.
Regardless of that, our thesis here has been pretty simple and for a long time we've been calling for an October exit, as that was when the 4-year Cycle Theory suggested the Bull Cycle would top. I personally hope I am wrong but in all my decades of investing, I learned that 'hope' doesn't get you far here, quite the contrary it teaches you brutal (and often very expensive lessons). The hard facts and historical evidence, point to a new Bear Cycle. And we will keep presenting the charts, the empirical evidence no matter how many followers we lose or how many negative comments we see as they mean nothing to us. Profit making only does.
Now that I got this out of the way, let's see what other key levels Bitcoin (BTCUSD) hit. Yesterday's aggressive decline saw the market making a Low marginally below the Higher Lows trend-line (bottom) of the 3-year Channel Up. Essentially that has been the dominant pattern of the whole Bull Cycle. BTC already closed below its 1W MA50 (blue trend-line) last week, which has historically been a Bear Cycle confirmation, already lost the basic structure of its Bull Cycle rallies by breaking way below the 0.382 Fibonacci retracement level from the previous Higher Low and now faces with the complete breakdown of the pattern - crossing below its bottom.
Needless to say, if BTC closes the week below it, selling could accelerate, with the 1W MA100 (green trend-line), being the market's next long-term Support, where a counter-trend bounce could be possible.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals

Ethereum (ETHUSD) has been trading within a Channel Down since the October 07 High with both its Bearish Leg so far declining by -27.50% each.
As the 1D RSI is forming Higher Lows against the price's Lower Lows, i.e. a Bullish Divergence similar to October 11, it is possible to see a short-term bounce to test the 1D MA50 (blue trend-line) again (where the price got rejected on October 27), before it completes the -27.50% Bearish Leg projection.
The medium-term Target remains 2650.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#Ethereum #ETH #ETHUSDT #ETHUSD #signals

Bitcoin (BTCUSD) just closed last week below its 1W MA50 (blue trend-line) for the first time since March 06 2023. Since that break-out, the 1W MA50 had been tested and held on 3 major occasions within the Bull Cycle, providing the most optimal mid-Cycle entries during those 2.5 years.
What's even more important than this time distance, is the fact that every 1W candle closing below the 1W MA50 has always marked/ confirmed the start of the new Bear Cycle historically. This is something that we've presented to you and discussed numerous times this year, as we were analyzing BTC's 4-year Cycle theory and why October was the most likely Cycle Top candidate time-wise.
This time we are looking at the previous Cycle more specifically, due to the strong similarities so far leading to the current Top. First of all the end-of-Cycle rallies on both started after a clear test and rebound on the 1W MA50. At the same time, the both displayed Higher Highs, against the 1W RSI's Lower Highs, which is a huge Bearish Divergence and the first strong indication that the Cycle Top may be forming.
The Cycle Top on both came when the 1W RSIs were 70.00. Also the 1W MA50 break-out took place around the 0.382 Fibonacci level from the last test/ rebound. As you may realize, there is a high degree of symmetry here both price-wise and in terms of RSI. If that continues, we can expect the Bear Cycle bottom to be at least on the 1.618 Fibonacci extension at $55000.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals

Bitcoin (BTCUSD) hit $96000 today for the first time in 6 months (since May 07). For a long time we presented evidence (spearheaded by the 4-year Cycle) of why October was a strong candidate for a market top and so far this continuous correction validates all the data.
Today we circle back to an old favorite of ours, the GOLDBTC ratio. During the previous Bull Cycle, a Double Bottom on that ratio was what confirmed the start of BTC's 2022 Bear Cycle. On the current Cycle, we had this Double Bottom in August and since then, the GOLDBTC ratio has been rising.
Even on previous Cycles, a rise on this ratio always coincided with a BTC Bear Cycle. Based on that evidence too, the next Bitcoin Bear Cycle should be over before 2026 ends.
As a side-note for investors, keep in mind that a rise on the GOLDBTC ratio doesn't necessarily mean that Gold will rise while only Bitcoin falls. Both can fall at the same time, the ratio highlights pace, it just indicates that Gold can also decline in value but less aggressively than Bitcoin.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals

Hyperliquid (HYPEUSD) has formed a Head and Shoulders (H&S) pattern, a highly symmetrical structure that is has completed its Right Shoulder. At the same time, a Channel Down has emerged that is aiming for a -43.87% decline on the current Bearish Leg, similar to the previous one, targeting $30.00 short-term.
The H&S long-term Target is the 2.0 Fibonacci extension, which as you can see matches the 0.618 Fib from the April 07 bottom. That gives a $19.00 Target.
Notice the huge 1D RSI Bearish Divergence of Lower Highs since May 25, which further strengthens the long-term bearish trend.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#Hyperliquid #hype #hypeusd #hypeusdt #signals

Bitcoin (BTCUSD) recently broke below the $100000 level for the first time since June and is currently on a short rebound. It has turned however all major MAs both the 1D MA100 (green trend-line) and 1D MA200 (orange trend-line) into Resistances, so the downtrend remains.
By doing so, we can see a highly symmetric pattern emerging, the inverse of the April - August uptrend. Following the (nearly) October 06 Double Top, the symmetrical downtrend has been testing and respecting all subsequent Support levels (so far Support 1 and 2), filling at the same time all Fibonacci gaps. See how accurately those Fibs formed key demand levels during the uptrend.
As a result, if this symmetry continues to hold, we can expect BTC to trade sideways for another month between Support 2 (Fib 0.5) and $110000 (roughly) before making the next leg down. Such price behavior typically confuses market participants and traps traders who stick to the former trend and haven't adapted yet.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC #bitcoin #BTCUSD #BTCUSDT #signals