Anatomy of a Bear Market: 2014 Bear Market

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In the Anatomy of a Bear Market Series I compare 3 Bitcoin Bear markets using Daily Ichimoku and S/R: 2013, 2014 and 2018. Here's my take on 2014.

2014 was a bear market with the following structure:
- both flat cloud tops and bottoms => mixed market
- deeper S1 and S2 supports => deep bearish correction
- shallow S3 dip (not enough juice to power the subsequent up trend)
- no major S1, S2
- dull trend line angle => likely a sideways bearish market
- key trend support is broken, but only temporary
- a retest of the prev high fails => down trend, subsequent bear market

This market structure is more similar to the current 2018 Bear Market (posted later), it consists of the same major elements.


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