Are we still in a Bull Market or has Bear Market started now?

This post is no guarantee. It is purely my opinion based on clear facts and indicators. I will show how the probabilities stand and than in the end you can create your own opinion.

Alright, lets get started:

1/
If 69K was the top it would be the first cycle peak without:
- Price hitting 1 fib curve
- DRSI reaching red area
- StochRSI reaching white zone
- VRI reaching white zone

--> Therefore probabilities are in favor of the Bull Market still being on!


2/
Let's focus on the red circle quickly, because that's where we currently are imo. 2013 & 2021 are pretty similar because both had mid cycle peaks & lows.

For the red circle in both cycles (2013 & 2021) the following is true (so far):
- PA: resistance at .5 fib curve
- DRSI: RSI resistance at middle band
- StochRSI: momentum slowed down
- RVI: Pointed downwards

2.1/
The logical conclusion:

We have Confirmation for Bullish Continuation once:
- PA: 2W closes above .5fib curve
- DRSI: RSI crosses above middle band
- StochRSI: Momentum shifts bullish
- RVI: Points upwards again.

Once all 4 points become reality, chances are high to reach 1fib curve.

If nothing happens Bear Market is likelier.


Big credits to TechDev_52 !
It's his original work that inspired me to dig deeper!

Hope you enjoyed it!
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Take Care
Valerio