A chart highlighting all the bearish market indicators that Ichi is showing us.
The bearish long term market really started around January 14th with the bearish line cross. Since then there have been multiple belly down clouds.
Most recently on Feb. 7th there was a strong bearish support violation with prices strongly breaking the back of the belly up cloud at the time. This lead to the most recent bearish cloud cross over and dropping of the cloud by about $70 USD.
Bearish belly down cloud now continues it's formation on the H4 chart with a lag line that is currently trading 11% below the historic market.
There are no long term signs yet of the bear market ending.
The bearish long term market really started around January 14th with the bearish line cross. Since then there have been multiple belly down clouds.
Most recently on Feb. 7th there was a strong bearish support violation with prices strongly breaking the back of the belly up cloud at the time. This lead to the most recent bearish cloud cross over and dropping of the cloud by about $70 USD.
Bearish belly down cloud now continues it's formation on the H4 chart with a lag line that is currently trading 11% below the historic market.
There are no long term signs yet of the bear market ending.