This is just sort of a macro view for the last 19 years of the S&P from a graph I made. It's rough, but has some decent ballpark stats pulled from it.
The 'Tech bubble' burst on approximately Aug of 2000 and lost ground until Sept. of 2002.
The S&P Index dropped from approx. 1512 . to 763. A loss of roughly 50%
That bear market lasted ...
These are basic numbers for a contextualized historical market analysis. Food for thought if you will.
It may look a bit cluttered, but take a minute to actually let this data sink in.
"Sometimes to know what may lay ahead it to know what lies behind".
Red boxes are a few of the Bear market cycles, with ball park dates and losses.
Historical Context continued:
From approx. Aug. 15th 2015 through Dec. 17th 2017 BTC was on an 850 DAY Bull Market tear that appreciated over EIGHT THOUSAND percent. A 2.329 YEAR BULL RUN.
That TV charting and the CMC data are slightly different, but this chart is for general context.
Coin Market Cap data shows that towards the end of the Bear Market of 2014, ...
It looks pretty clear to me in all of the higher time frames (4hrs to 1 month) that BTC is currently in a classic symmetrical triangle / coil pattern.
Why I see it:
Three of the higher lows on the bottom (green) trend-line combined with two of the lower highs on the top (blue) trend line make just that. A symmetrical triangle.
Breakout time frame:
First let me preface this with I am new to TA and just trying out a few tool combinations, and I am open to constructive criticism.
I was working with E.Waves throughout the downtrend and projected the bounce out of that downtrend channel two days ago. Once we got through that channel I again used projected E.waves in based on Fib retracement from points 1). and ...