Here's Why We Didn't Know If Bitcoin Is In a Bull Or Bear Phase
It would explain all the new price patterns and movements. We were neither in bullish or bearish territory. We were in a huge Bullish Continuation Symmetrical Triangle and all price movements were taking place within this symmetrical triangle from around April 2017 and will continue till breakout to start next bull run which is expected to be around January 2021.
It would answer many questions and confusion out there especially the disagreement between traders on whether are in a bull phase or in a bear market continued correction phase still. The breakout to huge bull run will also happen about 8 months after halving which fits into the timeline too.
It would explain why the bears will be louder when price rejects from the top of the triangle and why the bulls will take over when the price bounces from the bottom of the triangle.
And if this is indeed the case, the next bull run will be HUGE after building up all that energy in the Symmetrical Triangle for 3 years now and by the time it breaks out as expected to next year it would have been 4 years!
If this indeed turns out to be the case, the next bull run will be epic. Aren't we due for one? All we have to do is survive the shakeouts.
It would answer many questions and confusion out there especially the disagreement between traders on whether are in a bull phase or in a bear market continued correction phase still. The breakout to huge bull run will also happen about 8 months after halving which fits into the timeline too.
It would explain why the bears will be louder when price rejects from the top of the triangle and why the bulls will take over when the price bounces from the bottom of the triangle.
And if this is indeed the case, the next bull run will be HUGE after building up all that energy in the Symmetrical Triangle for 3 years now and by the time it breaks out as expected to next year it would have been 4 years!
If this indeed turns out to be the case, the next bull run will be epic. Aren't we due for one? All we have to do is survive the shakeouts.
Comment:
Is this going to breakout? Things do look very positive. ETH looking very similar and at its crucial resistance currently too.
Comment:
Click and load the ETHUSD chart above.
