Bitcoin bear market is a decentralized digital presentness without The art of trading is to decide when type A crypto is in breathe mode and when it reached the bottom after falling. What is easy to say in retrospective is a hard interrogative sentence in the present, which hindquarters never be answered with absolute uncertainty. Feb 02, · From its price high of $ to $ low, bitcoin’s price fell slightly more than 93 percent, which is a steeper drop than the subsequent bear market . Like and follow to receive details analysis and updates for the next few months: The aim of this Monthly chart is to mainly track the timing of the end of the Bear Market expected around May-June and the start of a new multiyear uptrend through the next Megabull. Preferably, Bitcoin remains within the old bull channel as the blue projection fractal shows.
Bitcoin bear market 2019Bitcoin Is Now Officially In Its Longest Bear Market Ever - CoinDesk
Technical Analysis: In September , we published a detailed analysis internally to our clients on the potential Bear Market continuation as the 12H 1D 3D 1W Bollinger tight bands squeezed tight for a big move should the Monthly Candle close below the monthly support and the Monthly Momentum print a bearish red candle.
Monthly Momentum Death Cross this analysis on the momentum — October 1 4. Monthly Midband Bear Cross — November 1 5. How did we make the assumption that the Bear Market can resume another 6 months? Well simply by looking back at the last time the same pattern happened which is back in October January Please like and follow and join our free signals telegram channel.
Look for the publication of a Weekly Chart in few days! Trade active. In my opinion, the Monthly bottom band should provide us very strong support if we need it. Monthly Chart:. Comment: This Monthly chart played out nicely following the blue fractal. It will be unlikely to see lower than this area unfortunately.