The Beginning of a Bear Market for Crypto?
Updated
Bitcoin (BTCUSD) appears to have hit a brick wall. We're trading sideways after the recent sell-off seemingly stabilized. We're looking at a log scale which shows us a more evenly distributed set of data. Notice how similar this recent impulse wave was to the last. If history rhymes, we could be at the onset of a bear market for the crypto realm. Trade accordingly.
Comment
We're down 40% since I posted this. Let's see how the rest of the market reacts as Vix begins to spike, and growth loses critical intraday supports. Related publications
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