Hi folks,
Details in the chart.
If Bitcoin were to mimic the previous bear market consolidation phase, here's what we'll be expecting:
- 95% pump from Bear Market lows (target $6,100 levels), before significant retracement.
- 33 week consolidation phase, ending at end of July 2019, after which a roaring 2-3 year bull rally will start.
Hope you find this a helpful perspective... accumulating in these weeks is a great investment opportunity!
P.S. Keep a close eye on the weekly RSI. It's currently trying to surpass major resistance at 60. It could not do so in 2015. Iff it does and consolidates upon it, the bull run may have indeed started early! (which actually coincides perfectly with the idea that says Bitcoin begins its rally one year prior to its next halving event, happening almost one year from now in May 2020!)
Cheers,
Leb Crypto
Details in the chart.
If Bitcoin were to mimic the previous bear market consolidation phase, here's what we'll be expecting:
- 95% pump from Bear Market lows (target $6,100 levels), before significant retracement.
- 33 week consolidation phase, ending at end of July 2019, after which a roaring 2-3 year bull rally will start.
Hope you find this a helpful perspective... accumulating in these weeks is a great investment opportunity!
P.S. Keep a close eye on the weekly RSI. It's currently trying to surpass major resistance at 60. It could not do so in 2015. Iff it does and consolidates upon it, the bull run may have indeed started early! (which actually coincides perfectly with the idea that says Bitcoin begins its rally one year prior to its next halving event, happening almost one year from now in May 2020!)
Cheers,
Leb Crypto
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.
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.