BTC might be in a bear market. Here's what I'm watching
Updated
I'm waiting for bitcoin to make a pattern like this. If it does this? It's going to make that capitulation in november/december like the march 2020 covid crash. I really think this crash is coming because of multiple reasons.
The S&P500 made it's first monthly bearish engulfing candle in 3 years.
President threatening a meteor to the economy if republicans don't do something.
Evergrande.
VP telling us to do our christmas shopping early.
Anyways. Going over 65k nullifies my bear market idea. I'm not sure what's going to happen... but I will tell you this. There's a very real chance the bull market is over and we have a capitulation coming. Until we are over 65k... this might happen.
The S&P500 made it's first monthly bearish engulfing candle in 3 years.
President threatening a meteor to the economy if republicans don't do something.
Evergrande.
VP telling us to do our christmas shopping early.
Anyways. Going over 65k nullifies my bear market idea. I'm not sure what's going to happen... but I will tell you this. There's a very real chance the bull market is over and we have a capitulation coming. Until we are over 65k... this might happen.
Note
For the record, this idea shows a november 23rd crash date.National fibonacci day is November 23rd, 2021. By the way. :)
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