Repeat of 2014 Bear Market
Updated
Based on various indicators I have, we are following the 2014 trend at present. Here is what that looks like in theory.
Sub 10k prices and a full year long bear market.
Sub 10k prices and a full year long bear market.
Comment
Head and shoulders pattern has formed on the daily timeframe.
Comment
Another update for the lucky few who decided to pay attention. I will not post new chart. While hopium continues to rule the roost, this prediction remains frighteningly on target. If the trend remains, capitulation will occur beginning shortly.
The next bull cycle would begin around June 2023, though it is possible that it could begin earlier around the end of 2022.
If the trend continues, I plan to live entirely in crypto starting from the end of the year.
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.