T-234 Until Bitcoin bottom.

20 Jan 2019

As you can see on the chart Bitcoin on a log chart in the long term, if repeating itself, we have 245 days until the bottom. Last bear market lasted 637 days and we currently have been in a bear market for 392 days. I believe we may see a new bottom in the 2k range in the coming days or weeks and then followed by a lower low in 6-8 months if history is repeating itself, which would mean we bottom at the end of Q3/ Start of Q4. Ive hear some people on the news also calling for the bear market to end and the bull market to start Q4. One a new low is set we can expect to be range-bound until going for a newer low. Volume is declining which is a good sign for the bulls, but RSI is declining which means we are still bearish. Leave a like and a comment and let me know what you think. Please and thank you.