🔥 Comparing Bear Markets: This Time Is NOT Different
In this analysis I want to shed some light on the fact that the 2-week is an amazing tool to determine the start and end of Bitcoin trading cycles.
In this specific example, I'm comparing all three previous bear-markets. Note that the MACD has performed in a very similar fashion. The first bearish cross confirms the bear-market, and the first bullish cross confirms the next cycle.
Keep in mind that 2022 got another cross because of the July-Nov pump. In my view, crypto "topped" in March of 2021 because that's when all the technicals and on-chain analytics topped as well. Furthermore, the November 2022 top didn't make a new MACD high, making it a bearish divergence.
Looking at the chart, I think we can confirm that a new cycle has started. Sure, we will see bullish and bearish times for the foreseeable future, but I highly doubt whether we're going to make new lows from here onwards.
Share your thoughts 🙏
In this specific example, I'm comparing all three previous bear-markets. Note that the MACD has performed in a very similar fashion. The first bearish cross confirms the bear-market, and the first bullish cross confirms the next cycle.
Keep in mind that 2022 got another cross because of the July-Nov pump. In my view, crypto "topped" in March of 2021 because that's when all the technicals and on-chain analytics topped as well. Furthermore, the November 2022 top didn't make a new MACD high, making it a bearish divergence.
Looking at the chart, I think we can confirm that a new cycle has started. Sure, we will see bullish and bearish times for the foreseeable future, but I highly doubt whether we're going to make new lows from here onwards.
Share your thoughts 🙏
Catatan
Third paragraph: 2022 should be 2021
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🔥Premium Signals: fierytrading.com
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.