Analysis of Bitcoin Chart Suggests End of Bear Market is Near
Updated
Merry Christmas, I want to share something with you that you won't find elsewhere. This is a very simple chart
I've been involved with Bitcoin since 2013, and I've seen the various phases of the bear market. Each time, it follows the same pattern, and I predict that we'll see one more run in the same style before things change.
If you look at the arrows, you'll see that it points to the green dots, which indicate that the selling is slowing down enough to say we are nearing a bottom. I believe that we'll see a bottom formed in the next few months. It will likely be 2-3 years before we see a bull market, but we should know within the next few months that most of the selling in the crypto market is over.
This means that it's time to start buying slowly. If you follow me, I'll share information over the next year about different assets to consider for building your portfolio gradually. Some of my friends have become millionaires by following this strategy. Be safe and take care.
I've been involved with Bitcoin since 2013, and I've seen the various phases of the bear market. Each time, it follows the same pattern, and I predict that we'll see one more run in the same style before things change.
If you look at the arrows, you'll see that it points to the green dots, which indicate that the selling is slowing down enough to say we are nearing a bottom. I believe that we'll see a bottom formed in the next few months. It will likely be 2-3 years before we see a bull market, but we should know within the next few months that most of the selling in the crypto market is over.
This means that it's time to start buying slowly. If you follow me, I'll share information over the next year about different assets to consider for building your portfolio gradually. Some of my friends have become millionaires by following this strategy. Be safe and take care.
Note
I did a video on this prediction, Remember i still expect further down but overall on the MONTHLY chart which can range I expect bitcoin to find a bottom somewhere in the next few months. This DOES NOT mean the bottom is in and it wont go lower. This means that we are starting to find the bottom. market cipher B is showing a green dot will pop next month and finish in February if you look at the history we found a bottom around that.Note
Good call :) check out the latest post
Like and subscribe to our youtube!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.