Bitcoin: Ready to confirm the bottom?
Another simple study based on the comparison of the current (2018/ 19) bear market with the previous one (2014/ 15).
After 442 days from its respective All Time High, the 2014/ 15 bear market broke sideways from its 1W Channel Down and never crossed the January bottom again. That break-out was the confirmation of the bear market's bottom and the start of a monthly consolidation period (accumulation/ distribution phase).
After 442 days from its respective All Time High, the 2018/ 19 bear market is close to breaking its 1W Channel Down sideways. The bottom of the current bear market has been so far priced in December.
Will this time the sideways break out signal the end of the bear market, the pricing of the bottom, and the start of another multi month consolidation period (accumulation/ distribution phase)?
See our previous studies on the pricing of the bottom, the consolidation phase and Bitcoin's market cycles' phases in general:
Pricing the bottom of the bear market:
The consolidation phase:
Reward phases and cycles:
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
After 442 days from its respective All Time High, the 2014/ 15 bear market broke sideways from its 1W Channel Down and never crossed the January bottom again. That break-out was the confirmation of the bear market's bottom and the start of a monthly consolidation period (accumulation/ distribution phase).
After 442 days from its respective All Time High, the 2018/ 19 bear market is close to breaking its 1W Channel Down sideways. The bottom of the current bear market has been so far priced in December.
Will this time the sideways break out signal the end of the bear market, the pricing of the bottom, and the start of another multi month consolidation period (accumulation/ distribution phase)?
See our previous studies on the pricing of the bottom, the consolidation phase and Bitcoin's market cycles' phases in general:
Pricing the bottom of the bear market:
The consolidation phase:
Reward phases and cycles:
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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