Has Bitcoin entered the "Despair" stage?
Following Bitcoin's aggressive selling of the past weeks that caused near 50% in losses, it is time to look at Jean-Paul Rodrigue's Stages of a Bubble.
This had to be customized on Bitcoin's state of the 2018 correction. It doesn't exactly follow the classic bubble price action as the "Fear" and "Capitulation" stages lasted longer on a downward consolidation technically applied on a Falling Wedge.
It appears that the bear market has entered the "Despair" stage and based on this study that we conducted some time ago (tradingview.com/chart/BTCUSD/zK7bM01i-Bitcoin-Is-this-the-bottom/), the "Return to the mean" will be a lengthy process, unlike Jean-Paul Rodrigue's classic model.
We still have the bottom priced within 2,600 - 2,800.
Comments and likes are greatly appreciated.
This had to be customized on Bitcoin's state of the 2018 correction. It doesn't exactly follow the classic bubble price action as the "Fear" and "Capitulation" stages lasted longer on a downward consolidation technically applied on a Falling Wedge.
It appears that the bear market has entered the "Despair" stage and based on this study that we conducted some time ago (tradingview.com/chart/BTCUSD/zK7bM01i-Bitcoin-Is-this-the-bottom/), the "Return to the mean" will be a lengthy process, unlike Jean-Paul Rodrigue's classic model.
We still have the bottom priced within 2,600 - 2,800.
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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