Is the bear market over? BTC Bearish Ideas discussion
Updated
I would like the bear market to be over.
I am aware that the past does not define the present.
The goal is to be open to both possible scenarios.
Comparing the past bear market to our most recent one, we can see some similarities.
I am aware that the past does not define the present.
The goal is to be open to both possible scenarios.
Comparing the past bear market to our most recent one, we can see some similarities.
Comment
because it is so zoomed out, It is a bit unclear. zoom in and you'll see the similarities between then and now.The key circle is green. If the green circle is incorrect and we have already entered the lift off (orange) -the bear market is over.
Comment
Also note that the green circle high ranged for 6 weeks before it entered redComment
If we are seeing a similar pattern. 11800 is the top before we return the last support range of 8900 and 7500.Comment
If weekly MFI being this high means a -70% dump similar to the ones in the past, it would be around $3100... which is a perfect set up for a double bottom to start the bull market..Comment
can't post links or attachments yet. trend line from ath must be moved to touch 13k
check other post for potential timeline until next bull run
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