Is Bitcoin in a Bear Market?

Three+ reasons why Bitcoin has entered a bear market.

Hey everyone, welcome back to another issue of the indicator! In this issue we’ll take a deeper dive into this question, provide a link to the live stream, & cover new opportunities.

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Bitcoin

Let’s start with the weekly chart to identify the overall trend. We had talked about “Buy The Right Dip” all of 2022.

  • Longer-term bearish divergence ✅

  • Sell Signal on Sharp Shooter Candles 3.1 ✅

  • Sell Signal on Sharp Shooter RSI 2.0 ✅

  • Candle close below trending dots ✅

  • Candle close below upward sloping trend line ✅

  • Sneaky lower high followed by a lower low ✅

  • MACD bearish crossover ✅

  • Targets have been set ✅

Today’s Live Stream:

You may have missed this chart:

Several other reasons why this local Bitcoin top will continue to turn into “the top”. Some of those reasons are a pending 2-week RSI sell signal, pending MACD bearish crossover on the monthly chart, price being multiple standard deviations away from the 200-week moving average, and-timing-wise-we’ve been in a bull run since January 2023.

In addition too, the canary in the coal mine $MSTR has been in a bear market for 12 months.

Welcome to our newest website releases! It’s been a 3.5+ year automation journey and we have begun releasing our 100% fully automated trading bots. Two out of thirty-ish bots have been released so far and we plan to release a new one every week. Also, we have built a trading/investing dashboard to track all of your moves. See screen shots below.

Sharp Shooter Candles 4.21 Strategy

Sharp Shooter RSI 3.2 Strategy

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Disclaimer

The contents of this newsletter are expressed in my opinion only, none of which is financial advice. Always do your own research as this information is intended for educational & entertainment purposes only.

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