#Bitcoin Downtrend and Cycles
HIGHLIGHTS
1. Bitcoin-Crypto - Locked in a bear market downtrend. Stick with the trend unless proven otherwise.
2. 60-day Cycle Low coming up. Expecting just Counter-trend rally.
3. Volume has been anemic on positive weeks, but brisk during selloffs. Indicative of selling pressure without any accumulation.
4. 16 weeks into bear market decline. For a bear market, in any asset class, this would "historically" be too early in the cycle to expect a bottom.
5. Bullish 2nd half of 2018 shown above really is a best case scenario IMO.
1. Bitcoin-Crypto - Locked in a bear market downtrend. Stick with the trend unless proven otherwise.
2. 60-day Cycle Low coming up. Expecting just Counter-trend rally.
3. Volume has been anemic on positive weeks, but brisk during selloffs. Indicative of selling pressure without any accumulation.
4. 16 weeks into bear market decline. For a bear market, in any asset class, this would "historically" be too early in the cycle to expect a bottom.
5. Bullish 2nd half of 2018 shown above really is a best case scenario IMO.
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