Looking at 2014/15 bear market & comparing market phases (Price/RSI)
Simplified into 4 steps: Capitulation, Slow Bleed, Sideways & Breakout
If BTC follows the same trend, I think the next major move will be
came across this one ..... another BULLISH TA #whenBULLISh = good for me
Simplified into 4 steps: Capitulation, Slow Bleed, Sideways & Breakout
If BTC follows the same trend, I think the next major move will be
came across this one ..... another BULLISH TA #whenBULLISh = good for me
I will concede that overall the comparison is bullish; however, I would also speculate that the UP trend period would NOT necessarily be as DRUG out as it was between late 2015 and late 2017 - just because some of the dynamics in the whole crypto space have changed... I am NOT saying anything new here because I think that others have suggested that another UP that might be coming in the near future (perhaps imminent) would have decent chances of taking place in a more collapsed time frame.
By the way, we also know that some folks like to make their BTC price predictions around our upcoming 2020 halvening, and I don't necessarily disagree with the placement of a decent amount of weight and significance necessarily to the dynamics that come about because of the perception of decreased BTC supply and the actuality of decreased supply... yet if sophisticated money is already going to largely know about the algorithm of the BTC halvening - even though they also may attempt to play the BTC market, at the same time to attempt to manipulate down as much as they can, while they can. In the end, part of the point that I am attempting to make here is that upcoming BTC price movements do not have to either pattern upon previous halvenings, and really BTC price dynamics (including some kind of additional exponential price growth period) could just run rough shod over the whole halvening creating a timeline and price performance pattern that does not resemble previous patterns (aka "fractals" as we have also seen them to be called... hahahahahaha).
The 2013 "Double Pump" scenario is a possibility for sure. The second bull market would be short and violent, like late 2013. It would then be followed by the mother of all bear markets - til 2021? 2022?
As an aside, I think future halvenings will be non-events. The annual inflation rate is now below 4%.
