BitcoinShort
#Bitcoin Downtrend and Cycles
HIGHLIGHTS
1. Bitcoin-Crypto - Locked in a bear market downtrend. Stick with the trend unless proven otherwise.
2. 60-day Cycle Low coming up. Expecting just Counter-trend rally.
3. Volume has been anemic on positive weeks, but brisk during selloffs. Indicative of selling pressure without any accumulation.
4. 16 weeks into bear market decline. For a bear market, in any asset class, this would "historically" be too early in the cycle to expect a bottom.
5. Bullish 2nd half of 2018 shown above really is a best case scenario IMO.
1. Bitcoin-Crypto - Locked in a bear market downtrend. Stick with the trend unless proven otherwise.
2. 60-day Cycle Low coming up. Expecting just Counter-trend rally.
3. Volume has been anemic on positive weeks, but brisk during selloffs. Indicative of selling pressure without any accumulation.
4. 16 weeks into bear market decline. For a bear market, in any asset class, this would "historically" be too early in the cycle to expect a bottom.
5. Bullish 2nd half of 2018 shown above really is a best case scenario IMO.
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.