Hi there as you can see this chart and clearly see past history easily.
You can see deminising returns on btc also I want to catch your attention on bear cycle and bull cycle which is lengthening 2.5 to 3 times every cycle.
Red box is our bear market and green box is our bull market marked on data available from 2010. You can see and identify Using this chart...
Namaste guys , I am publishing something unique and shocking ta based on 2015 bear market.
Explanation need bit time to understand comparison.
1) Bitcoin in Descending triangle time in 2015 was around 116D and in 2018 315D i.e around 2.8 times more
2) bitcoin in 1st slower accumulation in 2015 was around 61 D and in 2019 175 D i.e around 2.9 times more
I think we are going to form this type of triangle and then 50% drop breaking 200 week moving average,and trend line.. panic selling will happen in Q4 or 2020 Q1 and that will be final bottom.
Comment your prediction.
Everyone is scared Nd thinking about 3.2k target..I am bullish for short time.. support below current candle is very important ..I think we could go up from here...
My first chart published on trading view.. comment your thoughts