Hey all! Just wanted to take a minute to compare the last major Bear Market to our current bear market and give people an idea of when we might see a new ATH and what to expect over the next few years. History doesnt repeat itself but it sure does Rhyme! Enjoy
코멘트
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Sorry about the chart comparison being compressed the way it is. probably because it was done on an ultra wide monitor. here is a link to the graphic itself
코멘트
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interesting to see our current market play out. dont get sucked into bullishness just yet. we could still see a hefty retracement before continuing upward. breaking the 11,800 level with solid volume could propel us higher but its a big resistance level thats not likely to break just yet. we are ranging down and will need very big confirmation of anything higher than that
코멘트
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Its fun to watch this chart from over a year ago and see how closely it is following. While the timeframe almost seems to be accelerated a little bit, the value levels are right on point. anybody who is denying whats to come is truly going to miss out on the opportunity of a lifetime.
this is my first saw your post, and I think the same with you.. but my analysis is now will very fast to recovery.. and will back again to high like Dec 2017 in this Dec 2019 and new record to high is in 2020..
Aris_Rising
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@alwayslearn, it could happen! some factors that might affect that are regulation, adoption and institutional investing. I hope for a quick recovery as well!
BitInfo12
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Great comparison @Aris_Rising . Looks like we have 8.5 months to accumulate before the next bull cycle begins. I'll learn my lessons from the last cycle(s) and make sure my positions are filled before the end of August. The BTC halvening is on May 25th of 2020, so the market beginning to price this event in months in advance would make sense. It is similar to price action before previous halvenings.
@BitInfo12, Absolutely. The main reason I wanted to post this chart was to give a bit of a reality check and an alternate theory to those that think that once the bear market is over we will be entering this massive bull market again. Probably not the case, however there will be plenty of opportunities in alts while we wait for the next BTC bull
BitInfo12
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@Aris_Rising, Yes. It's an important reality check and I agree with your prediction. I also believe it is when the "smart money" will be entering the market again (outside of the OTC markets). Retail traders and investors should see this next rangebound market as a great opportunity. The longer and lower the prices, the better! Patience is hard, but it will pay off. Just my opinion.