Bitcoin - Bear market cheat sheet
Keep it plain, simple and minimize the noise!
On this chart I am showing you the timeframes of events that occurred in the previous bear market.
Now, this chart will of course only make sense if we follow the same trend of the previous bear market of course, although I think its great to keep an eye on just in case we do!
Important to ignore your favourite bullish influencers in these times, as in reality we still have a lot longer of a bear season to embrace.
Bottoms take time to form, there is nothing bullish about Bitcoin and Crypto at the moment, due to the lack of volume and reaction, there is almost a 0% chance of a "V shaped recovery" like some clowns are mentioning.
Keep an eye on the monthly MACD, as I have said previously we will not have any real bullish action if it is in red, if you refuse to believe - look back at the previous times it has crossed red..
If we get a fake pump into the 40-50k zone around the area marked on the chart, best to not FOMO into it if you missed it from the bottom - high chances it will be a bull trap, going off previous data.
There are lots of external global economic factors to consider as well, as they will invalidate every single chart and idea, Crypto has never experienced a recession and my best bet is that it will not go well, due to being one of the most riskiest assets. So keep an eye on the global economy, global events and you will be on top of the market.
Note: I have labelled current price as bottom and crab stage, although I do expect it to go lower: The reason I have done this is due to the massive volatility/price drops, with also the possibility based on another research piece I will post soon, that the crypto cycles are fluctuating in time (shorter bull, shorter bear).
Stay safe everyone!
Curious to see what everyone else's thoughts are, comment your ideas down below :)
On this chart I am showing you the timeframes of events that occurred in the previous bear market.
Now, this chart will of course only make sense if we follow the same trend of the previous bear market of course, although I think its great to keep an eye on just in case we do!
Important to ignore your favourite bullish influencers in these times, as in reality we still have a lot longer of a bear season to embrace.
Bottoms take time to form, there is nothing bullish about Bitcoin and Crypto at the moment, due to the lack of volume and reaction, there is almost a 0% chance of a "V shaped recovery" like some clowns are mentioning.
Keep an eye on the monthly MACD, as I have said previously we will not have any real bullish action if it is in red, if you refuse to believe - look back at the previous times it has crossed red..
If we get a fake pump into the 40-50k zone around the area marked on the chart, best to not FOMO into it if you missed it from the bottom - high chances it will be a bull trap, going off previous data.
There are lots of external global economic factors to consider as well, as they will invalidate every single chart and idea, Crypto has never experienced a recession and my best bet is that it will not go well, due to being one of the most riskiest assets. So keep an eye on the global economy, global events and you will be on top of the market.
Note: I have labelled current price as bottom and crab stage, although I do expect it to go lower: The reason I have done this is due to the massive volatility/price drops, with also the possibility based on another research piece I will post soon, that the crypto cycles are fluctuating in time (shorter bull, shorter bear).
Stay safe everyone!
Curious to see what everyone else's thoughts are, comment your ideas down below :)
Penafian
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