Bitcoin has entered its Bear Market!

Hello Everyone,

I believe bitcoin has entered its Bear Market. The Bitcoin Dominance chart is showing a similar double bottom pattern that we saw in 2018. At the same time Crypto TOTAL is showing a double top pattern which is bearish (Please see the attached image).
Also to include, Bitcoin and Altcoins are showing validated bearish patterns on the Daily timeframes. As well as bitcoin showing heavy bearish signs on Weekly/Monthly (See my last post).

Here are the techicals:

1. BTC.D is showing a double bottom: If validated this will crush alts.

2. BTC is at similar levels which kicked off the 2018 bear market.

3. Crypto TOTAL is showing a double top pattern- this will initiate a large bearish sentiment if confirmed.

4. All longer term time frames on BTC are bearish (Monthly - Weekly- Daily).

5. Alt coins are validating bearish patterns on the daily timeframes. (Head and shoulders on ETH, LTC, and BCH). (Double top on BNB). etc...

If you are looking to enter a long, I would be cautious in my opinion. Price action is not bullish and a big sell off could be in the works.

As always, be patient, use risk management, and good luck trading!