This chart illustrates how the previous bear market (2014/ 2015) on Bitcoin evolved. The event horizon between the 1166.89 Top and the 155.69 Bottom was 59 bars (413 days) during which BTC lost 86.35% of its value.
If we apply the same parameters on the current bear market, we get a projected bottom on a 1W candle around 28 January 2019 at 2,686 and an upside break out from the consolidation range on 18 November 2019. This is of course highly speculative but sensible trading would suggest that long term investors should wait for a clear bottom to be made before the buy again for the next bull market.
Please follow our Profile to get more daily ideas (tradingview.com/u/InvestingScope).
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If we apply the same parameters on the current bear market, we get a projected bottom on a 1W candle around 28 January 2019 at 2,686 and an upside break out from the consolidation range on 18 November 2019. This is of course highly speculative but sensible trading would suggest that long term investors should wait for a clear bottom to be made before the buy again for the next bull market.
Please follow our Profile to get more daily ideas (tradingview.com/u/InvestingScope).
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
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
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Telegram: t.me/investingscope
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
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.