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AlanSantana
Mar 13, 2022 3:03 PM

Bitcoin's Bear Run Short

KRAKEN:BTCUSD1W
Bitcoin / U. S. DollarKraken

Description

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Back in 2017, it took Bitcoin 336 days for capitulation to show up.

The "orthodox" top is was set back in April 2021.
336 days starts next week...

Another scenario we take the November 2021 peak as the top which would point to October 2022 (not trying to be exact, just an approximation).

This is Bitcoin's (BTCUSD) bear run.

Namaste.

Comment

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Getting closer to our target.

Thanks a lot for the continued support.

Comment

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First target hit.

We are likely to bounce before the next target.

Trade closed: target reached

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The low set at around $15,500 the bottom.
11k never hit.

Inflation.
Updated my view in November 2022 confirmed the fact that Bitcoin wouldn't continue lower, bottom hit.

As the market progresses, we adapt and change.
Trend AnalysisChart PatternsTechnical IndicatorsBitcoin (Cryptocurrency)BTCBTCUSDaltcoinscryptoCryptocurrency
Comments
ProjectSyndicate
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neat techical summary and chart for traders
Morteza_Loei
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New bitfink!
suvny21
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20k is not reasonable!
Mastane
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I love you so much
I love your writing
I love your analysis
I wish I could see you for once 🌹
AlanSantana
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@Mastane, Thanks for the kinds words.

Soon in the future you will be able to see me. :)
Mastane
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@AlanSantana,
I became very happy
I am counting the days to see you.
🥰🌹
BlackBirdTrading
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TraderHalai
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Great analysis Alan. I believe that we could be entering an accumulation phase of a lifetime between the GC and 200 Week analysis. Currently sitting at between 20k and 38k

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