So where do we stand on the parabolic curve at the moment? We have done numerous studies on that matter but there is no better time to look at it again as based on the comparisons with the 2011 bear market, the completion of the 5 red month streak indicates that BTC has reached a bottom. The extension of the parabolic curve and a comparison with the previous bear cycle in 2014 shows that the price has one last drop to give before the new bull market starts (orange parabolic curves). For long term traders this is insignificant and will look to start building up long positions now. Moreover, since it is historically unlikely to see a 6 monthly candle streak, it is reasonable to say that Bitcoin will start seeing Higher Highs on the 1D chart soon and is slowly entering into territory (although the consolidation period can last up to 6 months).
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Long-term if Bitcoin fails again at the 200-day MA, the bear market is far from over.
Here's the story no one is telling on Trading View (which is strange):