In the Anatomy of a Bear Market Series I compare 3 Bitcoin Bear markets using Daily Ichimoku and S/R: 2013, 2014 and 2018. Here's my take on 2013.
This was a bull market's correction with the following structure:
- no flat cloud bottoms, only flat tops => market wants to move up, there's more support than resistance
- shallow S1 and S2 supports => likely a healthy correction in an up trend
- there's no major S3 dip, only a small one. Major S3 is trend support
- there are only major R1, R2
- steeper trend line angle => likely an up trend
- a retest of the prev high with a successful breakout from an ascending triangle-like structure => up trend
This structure is somewhat different from the 2014 and 2018 Bear Markets (posted later), but still consists of the same elements just reshuffled.
This was a bull market's correction with the following structure:
- no flat cloud bottoms, only flat tops => market wants to move up, there's more support than resistance
- shallow S1 and S2 supports => likely a healthy correction in an up trend
- there's no major S3 dip, only a small one. Major S3 is trend support
- there are only major R1, R2
- steeper trend line angle => likely an up trend
- a retest of the prev high with a successful breakout from an ascending triangle-like structure => up trend
This structure is somewhat different from the 2014 and 2018 Bear Markets (posted later), but still consists of the same elements just reshuffled.
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.
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.