History will often repeat itself. Not always in the exact same way but human psychology doesnt change.
Here Ive studied the 2014 bear market and added some structure to it. About 252 days after the first red weekly candle, volume starts picking up. A lot of times if you look at any kind of impulse move, even on the lower timeframes, you will see an impulse move in a certain direction, a reactionary move where volume is subsiding and then one or two moves in either direction, where volume picks up SLIGHTLY.
Once volume really starts going down to a snail pace, theres a big volume move either up or down. This is what Ive tried to categorize here. Obviously this is speculation but still interesting to compare the two bear market charts and try and find fractals.
Will this bear market be similar to the last one? Only time will tell. Till then, GL trading.
-Alex
Here Ive studied the 2014 bear market and added some structure to it. About 252 days after the first red weekly candle, volume starts picking up. A lot of times if you look at any kind of impulse move, even on the lower timeframes, you will see an impulse move in a certain direction, a reactionary move where volume is subsiding and then one or two moves in either direction, where volume picks up SLIGHTLY.
Once volume really starts going down to a snail pace, theres a big volume move either up or down. This is what Ive tried to categorize here. Obviously this is speculation but still interesting to compare the two bear market charts and try and find fractals.
Will this bear market be similar to the last one? Only time will tell. Till then, GL trading.
-Alex
Comment:
I put up another idea on WHY this weekly candle close is VERY IMPORTANT. Check it out.
Comment:
I have a story for you about the Great Warrior BITCOIN. Read about what Path he chooses.
