BTC on the daily

For the moment it's not looking good for bitcoin. because it's under the 200DMA or 50WMA IF the candle body is closed below it-> meaning we are official in a bear market. But keep in mind, in a bear market there are also good (bullish) waves up.
Actually i expected a good and bigger bounce on the 200DMA. that should be wave 2. who knows maybe later. but that means we will get a big nasty 5 EW down.
But speaking now, can see a hidden bearish divergence on the daily. What is very important for the bulls is that btc has to stay above the big black support line. There is also the red resistance line and a grey support line, so btc should stay above that trendlines or else...
I hope btc will go up till the orange Trend line for creating a better right shoulder and almost as high like the left shoulder. Have to admit, my first idea was that btc will go up again till 59000-61000 (should be EW2) and after a big drop(EW3) but that's probably not the case.
The fear and greed index is on 23 (extreme fear), most at the time that should be the perfect opportunity to buy in. like warren buffet said, be fearfull when people are greedy and be greedy when people are fearfull. BUT i believe the bullish trend is over for the stock market, so imo the same for btc
If the stock market is going down, btc will follow. a bit tricky to buy in now.
Patience will be the key in this market and really believe we will go till the 200WMA (+/-18000) or even 300WMA(+/-13000). that should be a good opportunity. it will take time...