1Creekdoc

Bear Market BTC Beware BTC Bear Market Rally

Short
BNC:BLX   Bitcoin Liquid Index
Long term BTC bull but see history rhyming here with the failure of a 4th parabolic move. Note monthly bar similarities. Typically this leads to an 80-90% decline in price over a painful 10-12 months based on past cycles. Notably during prior bear markets (monthly charts) there have been two remarkable bear market rallies (2015, 2018) between 30-40% in BTC. It can fool the bulls and bears alike. Beware regardless of your BTC stance if your involved in this market. I have emailed Michael Oliver at MSA www.olivermsa.com/ who assures me momentum is broken for the cycle. He called the last top in BTC in 2017. I tend to think he is right but BTC can certainly surprise.

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