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Dayan
15.3K posts


@colin_gladman Not every crash needs to have capitulation.
Same as not every top need to be euphoric
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@itsCblast Dow with an inverted hammer right on the 50 MA weekly.. 1 more day lets see how it closes

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@steve2bacon Same as Altcoins with cryptocurrency?
I’m noticing similar trend
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the lows are in and Russell will lead

steve2bacon, CMT 🥓@steve2bacon
SF5I R2FI NDFI all 20 or below now. Will scale into TNA
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@Simulation305 @JohnLoc18 Market dumps every Thursday usually begins towards the end of day Wednesday
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Dayan がリツイート
Dayan がリツイート

@Simulation305 @CredibleCrypto @DepecheNode_ If critical market structural levels are breached, then yes you might be right. However, if you don't understand what they are or how they work then you're just seeing a downward trend and guessing. Crypto markets are noisy, understanding structure can help cut through the noise.
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@Simulation305 @DepecheNode_ I didnt ask you what the definition of a “crash” is, I asked what the definition of a “bear market” is…
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@kinghockerz @CredibleCrypto @DepecheNode_ Call it what you want it you’d just be over complicating things.
Bear market and we are going lower..
But not by much
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@Simulation305 @CredibleCrypto @DepecheNode_ Learn micro and macro structural levels, learn lift geometry, learn market cycles, consider higher timeframes and lower timeframes, understand that you can have micro bear markets inside macro bill markets as long as macro market structural levels remain unbroken
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@CredibleCrypto @DepecheNode_ Lol it’s not really a bias..
This is something you can check back thru every single bull market..
Once we drop 50%, bear market follows.
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@Simulation305 @DepecheNode_ Got it so just decided on it now arbitrarily to support your current bias. Noted 👍
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@CredibleCrypto @DepecheNode_ Yes 50% is a crash.
25-35% is a correction.
after a crash, bear markets follow.
After a correction, bull markets resume. Hope it makes more sense now
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Okay thanks for finally answering the question that I posed just above. Apparently a 50% drawdown IS the magic number that qualifies something as a “bear market”. How’d you decide that this was the magic number btw? Is it cus it’s half of 100 or is there some historical context to support that idea that a 45% drawdown isn’t a bear market but a 50% drawdown is? Is this some sort of widely accepted figure in trad fi or other markets? Or did you just decide on this 50% figure now to support your argument here because the current drawdown is just slightly over 50% from our highs?
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@CredibleCrypto @DepecheNode_ I was curious because ive never seen a 50% drawdown in a Bull market so thats why i asked if we were trending up or down..
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@Simulation305 @DepecheNode_ I mean on certain timeframes yes and on others no. I mentioned this earlier but you didn’t seem to acknowledge that a downtrend on the hourly chart is different from a downtrend on the daily and every “downtrend” isn’t a “bear market” lol.
CrediBULL Crypto@CredibleCrypto
So every time the market pulls back or corrects (which is by definition a local downtrend) we are in a bear market? Does the downtrend need to last a certain amount of time for you to consider it a "downtrend" or is it as simple as everytime time we get a red daily close, we are in a "bear market"?
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@CredibleCrypto @DepecheNode_ Right none of them were at 50% drop , which is essentially what determines if we are in a bear market or not.
Anyway if my point hasnt been proven yet then your just looking for your own opinion.
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You didn’t answer the question lol. And no I’m not- look at the chart I shared that you’re commenting under- in 2017 we had 5 correction that were around 38-40% deep. Look at the comment of mine you’re responding to- that’s exactly what I said. Nothing disingenuous about it. Can you show me where what I said wasn’t true or “disingenuous”?
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@CredibleCrypto @DepecheNode_ Also looking back at 2017 we didnt have any 50% crash on the way up.
Your being disingenuous now
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In 2017 on the way up from $200 to 20k we had multiple corrections that were ~40% deep. So you’re saying those weren’t bear market- even a 45% correction wouldn’t be, but 50% if the magic number that qualifies something as a bear market? Oh and the Covid crash doesn’t count despite it being greater than 50%- did I get that all right?
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