Current "bear market " i see as a copy-paste pattern that formed on stock market in period of 1999 to 2009. You can see basic structure on upper charts.
On the bottom charts you can see Bitcoin on the left and Dow Jones on the right in 12h time frame.
As you can see current bitcoin structure also very similar to DOW Jones in 2009. coincidence? We will find out very soon.
But even if we look just at Bitcoin 12h then you can see how RSI and Stoch RSI creates divergences right now.
So bull or bear? :)
My bet is that bullrun and alt season are coming this year, when literally nobody expecting that.
Hope i'm right, but it could be just coincidence and we are really in a bear market. All we can do is to be patient and not selling own positions in loss.
Not financial advice :)
On the bottom charts you can see Bitcoin on the left and Dow Jones on the right in 12h time frame.
As you can see current bitcoin structure also very similar to DOW Jones in 2009. coincidence? We will find out very soon.
But even if we look just at Bitcoin 12h then you can see how RSI and Stoch RSI creates divergences right now.
So bull or bear? :)
My bet is that bullrun and alt season are coming this year, when literally nobody expecting that.
Hope i'm right, but it could be just coincidence and we are really in a bear market. All we can do is to be patient and not selling own positions in loss.
Not financial advice :)