historically BTC tried to bottom during the end of the first bear cycle year.
Year 2014 (2013 - Bull year):
Bottom: Dec 2014 - Jan 2015
Bottom retest try (after 425 Days): March-April 2016 ie some crashes before halving
Year 2018 (2017 - Bull Year)
Bottom: Dec 2018 - Jan 2019
Bottom retest try (after 425 Days): March-April 2020 ie crash before halving
Year 2022 (2021 - Bull Year)
Expected Bottom: by the end of or starting of 2023 ie Dec 2022 - Jan 2023.
Expected retest try(after 425 Days): Jan 2024- early March 2024
But what will be the bottom dude? let me answer that too.. :)
See during past bull/bear cycles Bitcoin retraced back almost 80-85% from their ATH in Bull market to bottom in bear market. so with the present scenario retrace(80%) from 69K ATH suggesting bottom near 13K-14K(closing of previous ATH Monthly candle ie Year 2017).
what about 20k then? :(
You should google or I will share about three black crows in a row bear reversal signal.
Generally, if three black crows are followed by a 50% drop in prices this is a strong signal of a bear market.
In the past Bitcoin did the same thing twice(2nd was a retest of bottom) followed by a 50% drop in price which helped BTC to find Bottom during the Bear cycle. it took several months after 3 crows -printed and BTC dropped to its bottom.
what is a chance that three crows will work?
yay! don't worry. here is surprise
Three black crows are getting full support from :
1. Monthly MACD bearish crossed already happened in Jan 2022(this only happened during bear cycles in past)
2. Stochastic RSI has formed the Bear cycle structure too.
3. Fisher Transform also shows signals for the bear market.
so the combo of all these indicators is highly suggesting 50% more drop will happen in the future and this will help in finding the bottom for the coming bear cycle.
Once this Jan 2022 is over then Bitcoin will be in three black crows in a row set up on the monthly chart. So Currently Bitcoin is trading near 33-35K and this is also Monthly EMA support. I do expect this may consolidate more for a few months in the range 46-33K and a crash of 50% or more will push down the bitcoin price in the range of 20k or maybe nosedive to 13-14K. so you must be DCA all along with those drops.
overall Bitcoin may find its bottom by the end of the year 2022, and a retest of the bottom will happen near Halving 2024 so another drop in Jan-March 2024 is expected.
You got two opportunities to DCA along and after the second drop, you may hold your coins for the whole year of 2025.
Yay! Bull market back again in future.
Year 2014 (2013 - Bull year):
Bottom: Dec 2014 - Jan 2015
Bottom retest try (after 425 Days): March-April 2016 ie some crashes before halving
Year 2018 (2017 - Bull Year)
Bottom: Dec 2018 - Jan 2019
Bottom retest try (after 425 Days): March-April 2020 ie crash before halving
Year 2022 (2021 - Bull Year)
Expected Bottom: by the end of or starting of 2023 ie Dec 2022 - Jan 2023.
Expected retest try(after 425 Days): Jan 2024- early March 2024
But what will be the bottom dude? let me answer that too.. :)
See during past bull/bear cycles Bitcoin retraced back almost 80-85% from their ATH in Bull market to bottom in bear market. so with the present scenario retrace(80%) from 69K ATH suggesting bottom near 13K-14K(closing of previous ATH Monthly candle ie Year 2017).
what about 20k then? :(
You should google or I will share about three black crows in a row bear reversal signal.
Generally, if three black crows are followed by a 50% drop in prices this is a strong signal of a bear market.
In the past Bitcoin did the same thing twice(2nd was a retest of bottom) followed by a 50% drop in price which helped BTC to find Bottom during the Bear cycle. it took several months after 3 crows -printed and BTC dropped to its bottom.
what is a chance that three crows will work?
yay! don't worry. here is surprise
Three black crows are getting full support from :
1. Monthly MACD bearish crossed already happened in Jan 2022(this only happened during bear cycles in past)
2. Stochastic RSI has formed the Bear cycle structure too.
3. Fisher Transform also shows signals for the bear market.
so the combo of all these indicators is highly suggesting 50% more drop will happen in the future and this will help in finding the bottom for the coming bear cycle.
Once this Jan 2022 is over then Bitcoin will be in three black crows in a row set up on the monthly chart. So Currently Bitcoin is trading near 33-35K and this is also Monthly EMA support. I do expect this may consolidate more for a few months in the range 46-33K and a crash of 50% or more will push down the bitcoin price in the range of 20k or maybe nosedive to 13-14K. so you must be DCA all along with those drops.
overall Bitcoin may find its bottom by the end of the year 2022, and a retest of the bottom will happen near Halving 2024 so another drop in Jan-March 2024 is expected.
You got two opportunities to DCA along and after the second drop, you may hold your coins for the whole year of 2025.
Yay! Bull market back again in future.