Kusama | The Poof Is In The Chart: Bear Market vs Bull MarketHere we have Kusama and we are using the log. chart, it looks better, but to see what is truly happening here one needs to take a look at the linear chart...
The top, "mountain peak" leads to a "descent" and this leads to a period of sideways action, then a bottom and then a new bullish cycle starts.
Notice that there is never a strong bull-market right after a strong bull-market. You can find this in hundreds and hundreds of charts. As beginners, we make the mistake of expecting and hoping to see a new ultra-strong wave develop after a mega-strong wave, this never happens. The truth is that a "descent" happens and then consolidation, then one final drop and then growth. I was one of those back in 2018, waiting, hoping, expecting for Bitcoin to continue straight up but this never happened.
It is the same situation many people got into in March 2024. Bitcoin produced a "mountain peak" and they start to wait for a new bullish wave immediately, a new mega-strong wave but this never happens. This was six months ago and so far we only have lower prices. Something to keep in mind.
We are definitely tempted to jump in; we feel and belief that yes, it will grow, soon, fast, strong; but the truth is different. Bitcoin peaked in 2024 and the next strong wave will happen in 2025. We learn the hard way.
Going back to Kusama. After a strong correction, consolidation and the final drop, it is easy to see growth. We don't even need any indicators nor signals, it is the market cycle... Since the down cycle is over, it changes and starts to grow.
We can expect a bullish wave next.
Targets on the chart.
Namaste.
