Crypto WILL be continuing this bear market until one of these scenarios are realized:
Still looking for violent form of capitulation over the next couple of months. The clean air area was never retested on the way up since BTC broke from accumulation into bull market. This makes it a likely area for an ultimate low as it is close to the top of the previous market cycle of 2013-2015. Volume ideally would be comparable to the market cycle top, the bounce reaction would take less then a week to move some 30-40% similar to Feb 5th as an example where it was only at the bottom for 2-4 hours (Not 2-4 days).
The other form, would be long slow sideways chop as it got moved down to the 3k area then chopped up to the 4k area and back down over and over again for a few years(2k-3k or 2k-4k hard to give exact ranges). Not many people would be prepared to deal with this type. As capitulation is cause by financial pain for the people whom are reliant on their coins price for living. Market will constantly trap the traders high and low, and the Hodlers will give up.
Once the last bull has left, the new cycle begins!
Adjusted some levels, added some capitulation wick levels for those whom saw my last post in Jan.
Still looking for violent form of capitulation over the next couple of months. The clean air area was never retested on the way up since BTC broke from accumulation into bull market. This makes it a likely area for an ultimate low as it is close to the top of the previous market cycle of 2013-2015. Volume ideally would be comparable to the market cycle top, the bounce reaction would take less then a week to move some 30-40% similar to Feb 5th as an example where it was only at the bottom for 2-4 hours (Not 2-4 days).
The other form, would be long slow sideways chop as it got moved down to the 3k area then chopped up to the 4k area and back down over and over again for a few years(2k-3k or 2k-4k hard to give exact ranges). Not many people would be prepared to deal with this type. As capitulation is cause by financial pain for the people whom are reliant on their coins price for living. Market will constantly trap the traders high and low, and the Hodlers will give up.
Once the last bull has left, the new cycle begins!
Adjusted some levels, added some capitulation wick levels for those whom saw my last post in Jan.