Bitcoin Enters Bear Market

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Back in December i posted the 65% drop assuming we would drop as much as we did back in 2014 bubble and we did it was actually a 70% drop.

Currently i see another signal this time it involves the EMA lines and assuming we will retrace once again as much as we did back in 2015.

This signal it's known as the death cross when the 50 EMA line crosses below the 100 EMA line (Green and red lines)
Back in October 2015 the 50 EMA line cross up the 100 EMA and it went on to perform an almost 3 year bull-trend finishing on 20,000$. Now it seems we are entering a long term bear trend, in the past when bitcoin             -3.10% entered a bear market it dropped around 85%-89% from the top. If the market is set out to do this once again this will mark the bottom around 2500$-3000$ from current top which also aligns with the long term uptrend created since October 2015, (of course there are possibilities some exchanges create some wicks below 2000$ due to massive panic in the market giving some people great buys)

This is a long term outlook and it could take months or even years to happen.

Be safe.
Trade active: 1 Year old uptrend line (Yellow line on chart) has been broken, next uptrend line currently at 2500$ (Black line)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out