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CryptoBrrr
Oct 24, 2022 8:57 PM

2022 Bitcoin Bear Market is a Copy of 2018 Bitcoin Bear Market Short

Bitcoin all time history indexINDEX

Description

OK maybe that was a clickbait title but the similarities are eerie.

I expect BTC to will bullishly break the descending triangle within the next 2 weeks and start a downward trend that will ultimately end in -40% to -50% from here. The trend may last 1-2 months. I have buy orders at 14K, 11K and 9K. Here are a few other interesting things

TECHNICAL FACTORS
- The daily BBWP has been striking 0 for 8 days in a row
- Monthly and Weekly Hash Ribbon looks like a carbon copy of the 2018 50% dump
- Monthly and Weekly MACD looks like a carbon copy of the 2018 50% dump

MACRO FACTORS
- Earnings season starts this week
- The fight for Kherson city center starts this week
- US home prices MoM lower 3 months in a row
- US unemployment rate may have made a double bottom
Comments
SwallowPremium
Very quality chart, thanks for your amazing job!!
UnknownUnicorn3631192
This is the bottom. ☺️
CryptoBrrr
@Daytrader5000, with so many upcoming bear events, it is hard to believe that it will not go lower than here.
UnknownUnicorn3631192
@CryptoBrrr, Agreed, I am just watching for now. It might collapse all the way to 3400.
CryptoBrrr
@Daytrader5000, :-(
UnknownUnicorn3631192
@CryptoBrrr, lol, $582 might the actual bottom. we'll see.
CryptoBrrr
@Daytrader5000, I'm looking for 11.5 ish
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