InvestingScope

Bitcoin: Final pressure point before the new bull market.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Using the Gaussian Channel, we can see how last week's aggressive rise has now entered into the bearish wave length. In the 2014/ 2015 bear cycle, the time it breached this length marked the final pressure point before the new bull market started. It is rational to assume that Bitcoin has entered into a "buy-the-dip" phase as the consolidation of the accumulation/ distribution stage unfolds.

The next question that arises is how long will the bearish wavelength last this time.

In 2014/ 2015, the spike that breached into the bearish wave length was at the middle of the cycle and lasted approximately 406 days. If this time last week's spike represents what the 2014/ 2015 one did, then this wave length should last less than 406 days (315).

Whatever the duration, BTC is most likely at the very early stages of a the new bullish cycle.


Get a quick idea why by clicking on the study below:






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Comments and likes are greatly appreciated.
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I think the CME expiration date has a major impact on BTC's trend transition.

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BTC - DIAMOND PATTERN - Possible Correction.
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At this price point the candle that have formed looks to be false fake candle
in my view price will be touching 5400 before it makes any deep dive.
your view please thank you.
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@MarxBabu, Great added value. Thank you.
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i agree with your analysis the price will move up
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Thank you for the analysis.

Please look at another fundamental news. Do you think we will break down 53% sharply?

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@WBM_Team, Thanks for posting additional material.
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InvestingScope QuantumHedgeFund
@QuantumHedgeFund, 4300 is more probable. Not sure why you posted Dash on a BTC analysis though.
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