ilmscore | Bear Market Indicators Explained

Bear Market Indicators Explained

Predictions from this Video

Total: 52
Correct: 9
Incorrect: 42
Pending: 1
Unrated: 0
Prediction
Topic
Status
Bitcoin is predicted to bounce from current support levels, potentially reaching at least 100K, and possibly as high as 105K.
"I would not be surprised if we see a big bounce from this level or at least a decent bounce minimum back up to 100K. But I'm thinking heck, why not even 105K for BTC?"
BTC
Incorrect
Ethereum is expected to see a decent bounce from its current support levels, with a strong likelihood of bouncing from around $2,800.
"So I wouldn't be surprised to see a decent bounce from here. And even if we don't get a bounce from exactly, you know, this area at around $3,000, which we already are cuz we're $200 above there, I'm pretty sure we're going to get a bounce from 2,800, which isn't too much further down from here."
ETH
Correct
ICP has retraced to a major support level after a significant run-up, presenting a decent buying opportunity.
"And the one that I pointed out was ICP. And this one, you know, went up like crazy. And now it's back down and it's back at a major support. And so it does seem like a pretty decent buying opportunity right around here."
ICP
Incorrect
Filecoin is scheduled to make a mystery announcement on the 18th.
"first up on the 18th, so that's tomorrow, we have a mystery announcement from Filecoin."
FIL
Correct
Avalanche will undergo a mainnet activation called the 'granite' upgrade on the 19th.
"And there's also an upgrade coming on the 19th on Wednesday for Avalanche. Yeah, this is the mainet activation, uh, which is a a lot of people in the AVAC community are looking forward to this. This is the Avalanche granite upgrade."
AVAX
Correct
Tom Lee predicts Bitcoin to reach $150,000-$200,000 by year-end and Ethereum to reach $7,000.
"he's well yeah 150,000 to 200,000 for Bitcoin by year end and 7,000 for Ethereum"
BTC
Incorrect
The US employment report on November 21st will be a key indicator for the economic situation, potentially influencing Bitcoin's price.
"And then on the 21st, we got an employment report coming out which think is backdated with employment report for October and many people will be watching that to get some sort of an indication of what the official data says around the uh economic situation in the US as it relates to unemployment numbers. So keep an eye on that. bookmark that november 21st on uh Thursday."
BTC
Incorrect
A significant market bounce is predicted to be a 'dead cat bounce,' with the expectation of prices falling further afterward.
"I do think that when we do get a big bounce across the board, that will most likely be a dead cat bounce and we'll end up coming back down and going even lower."
BTC
Incorrect
Heavy selling from long-term Bitcoin holders is identified as a factor contributing to current market conditions.
"Analysts point to many factors in terms of slowing ETF flows heavy long-term holder selling and low retail activity"
BTC
Incorrect
Zcash provided a 75% return in approximately two weeks after being identified as a strong buying opportunity between $425 and $455.
"I said that Zcash was going to be the most obvious play to get into at around $455 to $425, which if you care to look right here, that is this green box, literally the bottom. And yes, of course, part of me is boasting a little bit about this, considering that I gave it out for free. But the other reason why I'm saying this, and the more important reason why I'm saying this, is because there are a lot of people who are just losing money week after week after week, right? But if you know what to look out for, you can still be making money in this market, okay? And 75% in about two weeks is no small joke, okay?"
ZEC
Incorrect
A fee switch proposal for Uniswap is expected to drive value back to UNI token holders and has caused the token's price to increase significantly.
"Uni went crazy this week and I think it's actually doing pretty well again and this is all because of a fee switch proposal that has been tabled. Obviously, this would drive uh this would drive value back to UNI token holders."
UNI
Incorrect
Starknet's price increase is attributed to staking of STRK and its benefit from the privacy narrative and SNARK technology, as it's an Ethereum layer 2 solution.
"and uh I think there's two reasons for this. like one is because lots of STRK is now staked and it's also benefiting from this privacy narrative and this whole snark snark and you know privacy tech narrative because there's an Ethereum layer too."
STRK
Incorrect
A theory suggests that the traditional four-year Bitcoin cycle may be broken due to a self-fulfilling prophecy where selling in 2025 (anticipating a down year in 2026) leads to a 2025 downturn, potentially opening up 2026 for a rally with increased institutional and macro demand.
"The four-year cycle is the common view is people think okay if you have a four-year cycle that means 2026 will be a down year for Bitcoin but um therefore people will sell in 2025 thinking I want to I want to realize my gains before the down year but then that creates this this effect creates a first order effect where people selling leads to 2025 being the down market here which therefore means that in 2020 and the price collapses as well and then that means that in the third order effect of that is that 2026 basically is kind of a reset. It's open season and if you have all these demand factors we talked about in terms of institutional macro coming to the market in 2026 you could potentially have a rally in the price of Bitcoin and the four-year cycle is completely broken because of this self-fulfilling prophecy."
BTC
Incorrect
Michael Saylor has purchased 8,000 Bitcoin, indicating continued accumulation.
"just bought. How much did he buy? 8,000 Bitcoin. Wow. Okay, the sailor still buying."
BTC
Incorrect
Bitcoin ETFs experienced outflows, with one day seeing the second-worst outflows on record ($867 million on Thursday).
"Yeah. So on one day we shared 867 million which was the which was the second worst ever. That was on Thursday. Friday we also had outflows."
BTC
Correct
The CME gap is considered important for future price movements. There were also ADP numbers indicating job losses in October, and on Wednesday, ETF flows turned positive with $524 million in inflows, ending an outflow streak.
"Uh, and the CME gaps will be important for the in terms of where we could be going now or later on. So I'll come back to that as well. Uh, and then we also had ADP numbers. So although the government was moving towards reopening, uh, there was still no any still wasn't open. So there was still no official government data specific more specifically on the job side. So we didn't have any employment data. So the ADP is like an private payrolls uh uh survey and it showed that there was a lot of jobs that were shared in October. Um, so that obviously impacted on the markets. Uh, on Wednesday though we did manage to break the outflow spell of the ETFs. Uh, so we had $524 million in inflows which was the highest in over a month."
BTC
Incorrect
10x Research's models turned bearish in mid-October, coinciding with a large liquidation event. CryptoQuant's bull score indicator shows 8 out of 10 key on-chain metrics are in a bearish zone, the lowest level in years.
"And their models turned bearish in mid-October which is coincidentally just about the time that you had that massive liquidation event. Uh, so that's one you know, their model proprietary model but there are many other indicators one can look at. So on the onchain and derivative side, CryptoQuant also has a proprietary bull score indicator and there's eight out of 10 key onchain metrics which they track which say that uh we are indeed bearish in a bearish zone and this is the lowest level near zero that we've had for years."
BTC
Incorrect
The Coinbase premium has turned negative, indicating that US traders are selling more Bitcoin than their international counterparts.
"And uh the Coinbase premium right is now is now negative."
BTC
Incorrect
Bitcoin's weekly close below the 50-week exponential moving average is a significant technical development, as it has historically been a crucial support level that Bitcoin has never lost while remaining in a bull cycle.
"So Bitcoin closed below the 50we exponential moving average quite convincingly. Uh, so that is the first time uh it's one of the most important levels to hold for sustained momentum and Bitcoin has never lost the 50we moving average and still been in a bull cycle."
BTC
Incorrect
Bitcoin's correlation with tech stocks is currently near record highs at 80%.
"because right now Bitcoin's correlation with tech stocks remains near record highs at 80%."
BTC
Incorrect
Nvidia's upcoming earnings report could significantly impact tech stocks and crypto, with concerns that non-amazing results might lead to further price declines.
"And uh right now the markets traditional markets are also in a fear mode so we'll have to see how things play out. Yeah, and we've got to speaking of tech stocks, we've got Nvidia earnings coming up. I can't remember if it's this week or next week, but I think a lot of people are a bit nervous about that because um you know, if those if those aren't kind of amazing, then uh that could that could take us, you know, that could take uh tech stocks and indeed crypto a lot lower."
NVDA
Incorrect
Telcoin has been granted a digital asset banking charter by the state of Nevada.
"So the first one on the list is Telcoin or TEL and it's just been issued with a digital asset banking charter out of the state of Nevada. That's interesting."
TEL
Incorrect
The USD1 stablecoin has launched on AB, contributing to its price performance.
"And this is because this look at that price chart that's this is because USD1 just launched on AB right?"
USD1
Correct
Historically, Bitcoin has rallied after the McRib sandwich returned to McDonald's menus. The McRib returned last week, and while it hasn't shown immediate impact, it's suggested the effect might be delayed.
"This is a very accurate indicator. The past four times the McDonald's McRib has returned to the menu. Bitcoin has historically rallied post that. So we had the McRib return, I think it was on Monday or Tuesday last week. So far it hasn't proven to work, but maybe, you know, it's delayed. Maybe the McRib indicator is going to turn positive soon."
BTC
Incorrect
Prediction markets show a significant shift, with the probability of Bitcoin reaching $90K before $110K increasing from 24% to 70% in two days.
"The probability of Bitcoin hitting 90K before 110K increased from 24% to 70% in two days."
BTC
Incorrect
The Fear and Greed Index has collapsed to its lowest level since February, indicating extreme fear in the market.
"And of course uh the fear and greed index which we are doing a video on soon because there's uh you know there's quite a lot that goes into calculating that that has well collapsed really. I mean I don't I think it's the lowest level since since the beginning of the year since February right"
BTC
Incorrect
The AA token experienced a price surge primarily due to unchanged tokenomics, despite initial confusion and a subsequent clarification.
"And then the final coin that's pumped the last week is AA and that's because of the tokconomics remain unchanged. Uh there was talk about yeah there was a bit of confusion around it. So they issued a clarification but yeah tokconom um it seemed that seems to be the reason why why it went crazy."
BTC
Incorrect
Prediction markets have flipped bearish for Bitcoin, with the likelihood of reaching $90K before $110K increasing significantly.
"The probability of Bitcoin hitting 90K before 110K increased from 24% to 70% in two days. So the market flipped bearish on the prediction markets as well."
BTC
Incorrect
A specific on-chain metric (realized losses across different aged holders) usually marks a macro bear market bottom, and current levels are not indicative of such a bottom.
"This is basically shows that um it usually marks a macro bare market bottom. So I mean uh this is interesting as well."
BTC
Incorrect
Uncertainty surrounding the Federal Reserve's future policy, particularly the reduced chances of a December rate cut following a hawkish meeting, is a major factor negatively impacting markets.
"You know, as as you pointed out earlier, Nick, you know, those chances of a rate cut have now in December have fallen to 51%. You know, the the the last meeting pal was very hawkish, wasn't he? And so, it's just uncertain and as as we all know, um uh you know, uncertainty it is something markets hate more than anything else."
BTC
Incorrect
Despite recent price dips, the underlying fundamentals of Bitcoin remain strong.
"He uh you know, prices dipped, fundamentals didn't we're fine."
BTC
Incorrect
The traditional four-year Bitcoin cycle might be broken due to a self-fulfilling prophecy; increased institutional and macro demand in 2026 could lead to a rally, invalidating the cycle.
"And if you have all these demand factors we talked about in terms of institutional macro coming to the market in 2026 you could potentially have a rally in the price of Bitcoin and the four-year cycle is completely broken because of this self-fulfilling prophecy."
BTC
Incorrect
Bitcoin and Ethereum will not attract the retail crowd unless they are making headlines for significant price gains.
"And as long as Bitcoin and Ethereum are not making headlines because of the face melting gains, it's just not going to attract that retail crowd."
BTC
Incorrect
A significant bounce for Bitcoin is expected from its current support level, aiming for at least $100,000 and potentially reaching $105,000.
"So I would not be surprised if we see a big bounce from this level or at least a decent bounce minimum back up to 100K. But I'm thinking heck, why not even 105K for BTC?"
BTC
Incorrect
Bitcoin rallied to $106K but was rejected at the Fibonacci 78.6% resistance level, which had previously acted as support.
"And Bitcoin did rally from uh the Monday lows and it up to 106K which was uh interestingly also a resistance the Fibonacci 78.6 level which was uh now resistance had previously been a support. So we man it stopped us going up any further. So it bounced off that resistance level."
BTC
Incorrect
Concerns that the Fed might not cut interest rates in December led to the probability of a December rate cut falling to 51%.
"So this led and also this led to concerns that potentially the Fed may not cut interest rates in December and the probability of an interest rate cut in December fell to its lowest level in in so in like over a month at 51%."
BTC
Correct
Bitcoin has experienced its first weekly close below $100,000 and below the 50-week exponential moving average in a significant period.
"So this is the first weekly close under under 100K for a long time, but it's also the first weekly close below the 50WE moving average."
BTC
Incorrect
A CME gap exists between $91,000 and $92,000, a level previously thought unlikely to be reached in the current market conditions.
"Uh, if you look at the charts on the daily, uh, we're now ranging between 93 to 94K, 93 to 95, but just below us, uh, between 91 to 92K is that CME gap we talked about a few times, guy, over the past few weeks that we never thought we'd potentially reach in this market because we were going up only."
BTC
Incorrect
Significant liquidation levels are observed between $91,000 and $92,000, coinciding with the CME gap, making this area a point of interest.
"And there's uh heat map shows there's a lot of uh potential liquidation levels between 91 and 92k which corresponds with the CME gap itself. So keep an eye on that."
BTC
Incorrect
The high correlation between Bitcoin and tech stocks means that negative news from Nvidia's earnings could lead to a significant downturn in both markets.
"And uh right now the markets traditional markets are also in a fear mode so we'll have to see how things play out. Yeah, and we've got to speaking of tech stocks, we've got Nvidia earnings coming up. I can't remember if it's this week or next week, but I think a lot of people are a bit nervous about that because um you know, if those if those aren't kind of amazing, then uh that could that could take us, you know, that could take uh tech stocks and indeed crypto a lot lower."
BTC
Incorrect
The current market downturn is viewed by some as more of a mid-cycle correction than a full bear market, as capitulation levels have not yet been reached.
"and it should be said that you know as other people a few people have pointed out you know this kind of looks more like a midcycle correction rather than the full bare market because we you know we have not seen um capitulation levels reached by any means yet."
BTC
Correct
The realized profit and loss chart for different age Bitcoin holders, which typically marks a macro bear market bottom, is currently not indicating such a bottom.
"So this is basically shows that um it usually marks a macro bare market bottom. So I mean uh this is interesting as well."
BTC
Incorrect
A quick turnaround in the market is anticipated if interest rate cuts occur, and a less hawkish stance from the Fed could significantly improve market sentiment.
"Keegan says if rate cuts happen, everything will turn around very quickly. I mean that could Yeah, I I tempted to agree on that. I think if if the Feds sort of come out of this shutdown and are suddenly a bit more bullish or a little less hawkish, um then that could, you know, that could go a long way towards uh you know, improving sentiment."
BTC
Incorrect
A speculative conspiracy theory suggests that China may have developed quantum computing and used it to hack dormant Bitcoin wallets to offload BTC.
"Dazed Malone has spotted a potential black swan on the horizon. Conspiracy theory though. China has figured out quantum computing and has hacked the oldest dormant wallets to offload BTC."
BTC
Incorrect
Sweeping the liquidity within the CME gap, specifically at the $92K level, could lead to a potential bounce for Bitcoin.
"And I think that tying that in with Lewis's charts, uh, if we go down and sweep that liquidity in in the CME gap, uh, that's where a lot of that liquidity has built up, we could potentially bounce from there."
BTC
Incorrect
Until the CME gap is closed, there is uncertainty about Bitcoin's next move, suggesting caution.
"but until we've closed that gap I'm feeling a bit uncertain but let's see guys"
BTC
Incorrect
Bullish divergences on both the RSI and MACD indicators, despite lower lows in price action, are considered a strong buy signal.
"And if you zoom in to the lower time frames, you could see that we made lower lows on the price action, but we actually made higher lows on the RSI and we made higher lows on the MACD, which if you know, you know. That is bullish divergences on the RSI and the MACD. And when you get bullish divergences on both of those, that is pretty much buy signal for me."
BTC
Incorrect
Bitcoin's price has returned to a significant support level that previously acted as resistance, suggesting a potential for a substantial bounce back to $100K.
"So this was a big support turned into resistance and now it's back at the big support again. So I would not be surprised if we see a big bounce from this level or at least a decent bounce minimum back up to 100K."
BTC
Incorrect
The Uniswap fee switch proposal is seen as a significant and unprecedented move, potentially signaling a trend for other DeFi protocols to implement similar changes under the current administration.
"This is the sort of thing that was is kind of unprecedented given you know given sort of uh the scrutiny that uniswap faced from the SEC you know under the Biden administration. Um and you know they're doing this now because they know that they can they they they can you know under these uh under this new administration and I think again this is something to watch more I think more fee switches from other large DeFi protocols are probably around the corner."
UNI
Pending
The FOMC minutes will be released on Wednesday, providing insights into the Fed's thinking regarding December interest rate decisions.
"Wednesday, we've got the FOMC minutes and these are going to be very important because it could give us some sort of an indication around how Fed officials are thinking going into uh December."
FOMC Minutes Release
Correct
The US employment report for October will be released on the 21st, offering insights into the economic situation regarding unemployment.
"And then on the 21st, we got an employment report coming out which think is backdated with employment report for October and many people will be watching that to get some sort of an indication of what the official data says around the uh economic situation in the US as it relates to unemployment numbers."
US Employment Report
Incorrect
The US government shutdown caused market concern as the White House indicated that economic data, including October CPI and jobs reports, might not be released.
"Exactly. And this is something that the White House actually this freaked the markets out because the White House came out with a statement saying uh that we may not get any economic data for October. Not just jobs but also CPI. So uh that caused the market to freak out on Tradfire and crypto side."
US Government Shutdown Impact on Data
Correct