Following Bitcoin's aggressive selling of the past weeks that caused near 50% in losses, it is time to look at Jean-Paul Rodrigue's Stages of a Bubble.
This had to be customized on Bitcoin's state of the 2018 correction. It doesn't exactly follow the classic bubble price action as the "Fear" and "Capitulation" stages lasted longer on a downward consolidation technically applied on a Falling Wedge.
It appears that the bear market has entered the "Despair" stage and based on this study that we conducted some time ago (tradingview.com/chart/BTCUSD/zK7bM01i-Bitcoin-Is-this-the-bottom/), the "Return to the mean" will be a lengthy process, unlike Jean-Paul Rodrigue's classic model.
We still have the bottom priced within 2,600 - 2,800.
Comments and likes are greatly appreciated.
This had to be customized on Bitcoin's state of the 2018 correction. It doesn't exactly follow the classic bubble price action as the "Fear" and "Capitulation" stages lasted longer on a downward consolidation technically applied on a Falling Wedge.
It appears that the bear market has entered the "Despair" stage and based on this study that we conducted some time ago (tradingview.com/chart/BTCUSD/zK7bM01i-Bitcoin-Is-this-the-bottom/), the "Return to the mean" will be a lengthy process, unlike Jean-Paul Rodrigue's classic model.
We still have the bottom priced within 2,600 - 2,800.
Comments and likes are greatly appreciated.
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Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.