Bitcoin (BTCUSD) completed this month a Bullish Cross on its 1M STOCH RSI. Many think that this signals the bottom of the Bear Cycle and it is indeed a start and an encouraging signal after falling more than -50%.
However history has shown that BTC can remain bearish for a long, painful time after the STOCH RSI makes this cross. During the previous three Bear Cycles, the market bottomed within 214 - 275 days after the Bullish Cross.
So Bitcoin's new 'road of torture' can last for a minimum until October 2026, based on that model. As for how low that bottom might be, it should technically hit at least the 1W MA350 (red trend-line) around $50000, if not lower (1W MA450) based on the Parabolic Growth Model hitting an MA level lower on each Cycle.
So are we just starting the Cycle's long torturing path to the bottom? Feel free to let us know in the comments section below!
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However history has shown that BTC can remain bearish for a long, painful time after the STOCH RSI makes this cross. During the previous three Bear Cycles, the market bottomed within 214 - 275 days after the Bullish Cross.
So Bitcoin's new 'road of torture' can last for a minimum until October 2026, based on that model. As for how low that bottom might be, it should technically hit at least the 1W MA350 (red trend-line) around $50000, if not lower (1W MA450) based on the Parabolic Growth Model hitting an MA level lower on each Cycle.
So are we just starting the Cycle's long torturing path to the bottom? Feel free to let us know in the comments section below!
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.