This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month.
Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend.
We have four phases here and the number of months each lasted for
The All Time High - All Time Low (12 Months)
The Bull Trap (6 Months)
Accumulation Phase (9 Months)
And finally the;
All Time Low to All Time High (13 Months)
Comparing the two bear market together, we have completed the first two phases and we are in the accumulation phase.
Therefore, we have till February 2024 to accumulate our favorite gems before a bull run will kickstart.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend.
We have four phases here and the number of months each lasted for
The All Time High - All Time Low (12 Months)
The Bull Trap (6 Months)
Accumulation Phase (9 Months)
And finally the;
All Time Low to All Time High (13 Months)
Comparing the two bear market together, we have completed the first two phases and we are in the accumulation phase.
Therefore, we have till February 2024 to accumulate our favorite gems before a bull run will kickstart.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
