I have analyzed the last two bull markets to assess how the Gaussian channel could predict the initiation of a bear market. Additionally, I examined the typical duration of the bullish phase—from exiting the bear market to breaking into the Gaussian channel—as an indicator of the bull market’s completion.
Historically, right-translated cycles have exhibited approximately 840 days of bullish price action. If this pattern holds, the current bull market should conclude by November this year, unless we have already reached the peak.
A key factor for the bull market to continue is staying above the Gaussian channel. Dropping into the channel would signal the start of a bear market. Currently, this critical level is at $73K.
Wishing us all luck, as the altcoin market has already suffered significant losses.
Historically, right-translated cycles have exhibited approximately 840 days of bullish price action. If this pattern holds, the current bull market should conclude by November this year, unless we have already reached the peak.
A key factor for the bull market to continue is staying above the Gaussian channel. Dropping into the channel would signal the start of a bear market. Currently, this critical level is at $73K.
Wishing us all luck, as the altcoin market has already suffered significant losses.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.