BitcoinUpdated Where in the bear market are we?
Some interesting similarities can be found when comparing the 2015 bear market to the bear market we are in right now.
The following similarities can be found:
- An upside breakout of the pennant pattern
- Adam and Eve bottom
- Relatively similar volume ratios between the all-time low and the current bullish trend we are in
- First serious upside break of the 100 day MA
Assuming we are roughly at a similar place in time, another wave down towards the past December low can be expected.
The following similarities can be found:
- An upside breakout of the pennant pattern
- Adam and Eve bottom
- Relatively similar volume ratios between the all-time low and the current bullish trend we are in
- First serious upside break of the 100 day MA
Assuming we are roughly at a similar place in time, another wave down towards the past December low can be expected.
Note
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