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#Bitcoin RSI rising wedge breakdowns lead to bearish moves

The only time #Bitcoin was less volatile than the Nasdaq and S&P 500 was at the end of 2018 before just before the capitulation. Now it's happening again

The current #Bitcoin market structure also resembles the Cardano bear market bottom in 2019

The #Crypto marketcap vs first peak of 70's #Gold They show a very similar bear market structure. I pointed out 2 possible spots where the crypto marketcap currently could be in the downturn. The crypto marketcap should get back above the blue 200D MA to be back a bit bullish

The S&P 500 looks like heading towards the resistance confluence zone. On the other hand it is also still in a rising wedge

No bear market in 100-years ended before the recession Not a single one!

The S&P 500 ran into a resistance confluence zone. Now it's also breaking down from the rising wedges for both the price and RSI

#Bitcoin is stuck under resistance with a bearish divergence on the 3D chart. Downside in the near future is likely

The #Nasdaq compared to the #Nikkei 1989 Bubble and the Dotcom Bubble The stock markets still look like they are in a multiyear correction/ bear market. Since #Bitcoin have been correlated with stocks, the correction is possibly not over for bitcoin either

#Bitcoin bullish scenarios: Bitcoin compared to Nikkei '96 to '00 and Nikkei '00 to '07 According to these 3-day chart comparisons Bitcoin should be entering a multi-month consolidation phase soon and then continue to the upside with a possible target of 48k

This #Bitcoin scenario played out well 👌

Clean rising wedge on the weekly #Bitcoin RSI-chart

#Crypto had its "Dotcom moment" in 2021. The German stock index DAX during Dotcom era resembles the last 5 years of the #altcoins chart (see RSI too). It suggests that #Bitcoin and Crypto might currently be topping and there could be a big crash/ bear market in the next 12 months