{"id":2546,"date":"2022-05-17T03:27:49","date_gmt":"2022-05-17T03:27:49","guid":{"rendered":"http:\/\/ewforex.net\/blog\/?p=2546"},"modified":"2022-05-17T20:33:07","modified_gmt":"2022-05-17T20:33:07","slug":"crypto-bear-market-continues","status":"publish","type":"post","link":"https:\/\/ewforex.net\/blog\/economia\/crypto-bear-market-continues\/","title":{"rendered":"Crypto Bear Market Continues!"},"content":{"rendered":"\n

EWFOREX.NET<\/p>\n\n\n\n

Bitcoin is down 51% from its $69000 Oct 2021 all-time high. However, structurally this bear market has lasted since the $64854 Intermediate-(3) high.  <\/p>\n\n\n\n

Technically, the $69000 all-time high was an X wave of a double three forming at Minor degree. Double threes are corrective patterns and considered bear markets. <\/p>\n\n\n\n

Price is now testing the lower bounds of the Intermediate EW channel and has reached Fibonacci 4vs3 and 4vs2 confluence.  A very good sign Intermediate-(4) is complete. <\/p>\n\n\n\n

Market sentiment has turned extreme negative.\u00a0 Alternative.me\u2019s Fear Greed Crypto Market Sentiment Index is now at 8 out of a 100 which is extreme fear.\u00a0 And it\u2019s not just the crypto market in fear mode, stocks across the globe are in bear market trends.\u00a0 The US SPX500 Fear Greed Index, which is a broader measure of market sentiment is at 15\/100\u2014a level considered extreme fear.\u00a0 This could warn of a larger bear market for both stocks and cyptos.<\/p>\n\n\n\n

Although one cannot argue that it is a good time to buy.\u00a0 A 8 out of a 100 is extreme fear and is a good contrarian sign.\u00a0<\/p>\n\n\n\n

The EW structure is also signaling buy. Price is now down at Intermediate 4’s Fibonacci targets at lower channel trend line. A breach below this and a further drop is expected. However it does look like it should hold. Market sentiment is at an extreme now and should be turning. Price can stay down at these levels for sometime. <\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

EWFOREX.NET Bitcoin is down 51% from its $69000 Oct 2021 all-time high. However, structurally this bear market has lasted since the $64854 Intermediate-(3) high.  Technically, the $69000 all-time high was an X wave of a double three forming at Minor degree. Double threes are corrective patterns and considered bear markets. Price is now testing the […]<\/p>\n","protected":false},"author":1,"featured_media":2325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia"],"yoast_head":"\nCrypto Bear Market Continues! | Casa de cambios | ewforex.net<\/title>\n<meta name=\"description\" content=\"Conoce el precio del d\u00f3lar en per\u00fa actualidado cada dia, compra del dolar, venta del dolar y la cotizacion del dolar actual en cambistas, casas de cambio y en los bancos naciones del Per\u00fa.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ewforex.net\/blog\/economia\/crypto-bear-market-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Bear Market Continues! | Casa de cambios | ewforex.net\" \/>\n<meta property=\"og:description\" content=\"Conoce el precio del d\u00f3lar en per\u00fa actualidado cada dia, compra del dolar, venta del dolar y la cotizacion del dolar actual en cambistas, casas de cambio y en los bancos naciones del Per\u00fa.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ewforex.net\/blog\/economia\/crypto-bear-market-continues\/\" \/>\n<meta property=\"og:site_name\" content=\"Casa de cambios | ewforex.net\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-17T03:27:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-17T20:33:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2022\/03\/bitcoin-bearish.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"320\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/ewforex.net\/blog\/#organization\",\"name\":\"casa de cambios\",\"url\":\"https:\/\/ewforex.net\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/ewforex.net\/blog\/#logo\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2020\/05\/cropped-logo-1.png\",\"width\":218,\"height\":44,\"caption\":\"casa de cambios\"},\"image\":{\"@id\":\"https:\/\/ewforex.net\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ewforex.net\/blog\/#website\",\"url\":\"https:\/\/ewforex.net\/blog\/\",\"name\":\"Casa de cambios | ewforex.net\",\"description\":\"Casa de Cambios Online En lima Per\\u00fa, Miraflores, Compra y Venta de Dolares, Cambio de Divisas al Mejor Precio. 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