BTC Bull cycle is near. Latest end of 1st quarter 2020
As I have pointed out before we're coming closer and closer to a possible bull cycle. Probability of BTC not going to a Bull cycle is unlikely. Considering the oscillators showing at oversold levels and Elliott Wave Count which we're also currently at 61.8 golden ratio. It's still possible this is not yet the bottom. But the maximum for me is by the end of 1st quarter 2020 of BTC going to a bull cycle. Let's remember the end of the great bull run of BTC was 2017 December. Everyone converted their BTC to fiat, considering it was december and the holidays. And BTC bottoming at 2018 December as shown at the chart above and 1st quarter of 2019 made BTC pump to bull cycle. It's now 2019 December. And the January effect as the same way it happens to stocks/equities can also occur again not just for BTC but the rest of cryptocurrencies.
Do note that we're also 12 years maxed already for a recession or a collapse of the global market particularly equities. Everyone recession shows that it occurs every 10-12 years. And BTC showing as a hedge for global meltdown is highly possible. CONSIDERING it was debuted during the 2008 housing bubble that crashed the world market.
Do note that we're also 12 years maxed already for a recession or a collapse of the global market particularly equities. Everyone recession shows that it occurs every 10-12 years. And BTC showing as a hedge for global meltdown is highly possible. CONSIDERING it was debuted during the 2008 housing bubble that crashed the world market.
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.