1) first bull run: 104 weeks
3) previous bull run: 120 weeks
a little bit more, but not that much
then ...
2) first bear market: about 90 weeks ...
4) current bear market ???
we don't know if it already ended or not ... that's the big question, isn't it, so ...
so, let's assume that this bear market will last more or less the same time as the first one, which is purely an assumption, because it could be that consistently the bull runs get longer and longer, while the bear markets get shorter and shorter ... but for now, we're assuming that it will be similar, just to look at it an make the consideration ... just another reference point ... not so much price or volume, but time ... it's an exercise
to me this looks possible, I wouldn't say likely, merely from this, but if the next correction we're not only to go below
4K, but even $3k ... than this chart is telling us that.
3) previous bull run: 120 weeks
a little bit more, but not that much
then ...
2) first bear market: about 90 weeks ...
4) current bear market ???
we don't know if it already ended or not ... that's the big question, isn't it, so ...
so, let's assume that this bear market will last more or less the same time as the first one, which is purely an assumption, because it could be that consistently the bull runs get longer and longer, while the bear markets get shorter and shorter ... but for now, we're assuming that it will be similar, just to look at it an make the consideration ... just another reference point ... not so much price or volume, but time ... it's an exercise
to me this looks possible, I wouldn't say likely, merely from this, but if the next correction we're not only to go below
4K, but even $3k ... than this chart is telling us that.Note
I need to add this; the last bottom; $150 ... that was a flash crashnot sure that it won't happen again or if that's what needs to happen , because ... well, it's bitcoin
but that's why I measure the first bear market so long; I think that first $150 was an anomaly, the real bottom was a few months later
so I measure up to the second bounce, not the $150
Note
mr poop agrees;
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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.