✴️ Bitcoin Cash | End Of Consolidation Phase = New Bull Market

30 juin 2023

This is only the beginning. In purple we have here what we will call a consolidation phase. We have two different types of consolidation with both following the exact same pattern.

As Bitcoin Cash moves to print a multi-year long low in December 2018, trading volume is really low.

The bottom low is set and a consolidation phase starts.

When the consolidation phase is over, a new bull-market develops, volumes rises and becomes strong.

Fast forward four years into the future, Bitcoin Cash produces a multi-year long bottom low yet still a higher low compared to December 2018. This low came in November 2022.

We have a bullish breakout and the consolidation phase comes to an end, this is marked by the highest volume in a year and a very strong RSI. This will lead to a new bull-market. This is only the beginning.

We should expect years of growth as we saw after the December 2018 low.
Then prices will peak which will produce a new bear market and a new multi-year long bottom low, consolidation and the cycle repeats.

We had a V shaped consolidation in 2018.
We have and long drawn out consolidation in 2022, perfect according to the law of alternation.

Just so you know, this is only the beginning of years of growth.

Namaste.