From ATH to Bottom: how long and %??
We note that the % of the decrease is less and less important, and at the level of time on average 1 year.
We are already at more than a year and a drop of -77%
We can continue to fall again because of the FTX and the domino effect, but we have already come a long way either in terms of time or the magnitude of the fall.
While waiting for the big green Weekly and Monthly candle for the return of the bulls that will drive the bears out of the bear market, most on social networks are angry, many in depression because of the FTX, the Longs in the beginning of capitulation on the futures, and good news is bad news for inflation like falling unemployment, and rising US purchasing power.
Opportunities from X10 to X20 on the alts have been between 20K to 30K, now in the 10K to 20K range we are starting to have opportunities from X50 to X100..., I see a cent like $0.50 to $1, you should never underestimate the penny, the day when the tou zeu moune rocket goes off we will all be happy, and finally the return of the bull run with a beautiful spring on the crytpos after this very cold winter.
https://www.tradingview.com/x/MfsQja9T/

TA Daily: DXY and S&P 500
S&P 500 base is in decorrelation with the dollar but now both are on resistance, the DXY at 108 and the S&P 500 at 3900
The question:
Who will break its resistance, the S&P 500 or the DXY?
- If it is the DXY, then we risk having a real break out given the upward trend, and a return to the bottom on the S&P 500 and the BTC.
- If it is the S&P 500 that breaks the resistance, I would remain cautious because of the bear market's multiple false breakouts, to be confirmed with volumes and macro news.
DXY: https://www.tradingview.com/x/HcRgEEUH/

S&P 500: https://www.tradingview.com/x/C4zawTqa/

The scenario I'm wary of:
The S&P 500 goes up without volumes via the bearish divergence on the OBV, and without buying force via the MACD and the RSI in divergence too.
Maybe tomorrow we will have volumes and a buying force that will hold at least on a Daily basis, or if not yet another false break out of resistance to be rejected!
https://www.tradingview.com/x/cOl2ts2X/

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