2018 vs 2022 Comparion of Bitcoin Bear Markets

Hi All,

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This comparison of the Bitcoin 2018 vs 2022 bear markets will surely trigger some OGs and influencers out there that have been uber bullish and wrong all the way down calling a bottom at 49-50K, 45K, 39-40Ks then 37Ks and finally 34-33Ks. Special mention to the "on-chain" so called experts who use on-chain lagging indicators and the other fear/greed experts to give wrong calls as well.

But this is straight to the point, we have the exact patterns and sentiment from Feb 2018 compared to Feb 2022!
- Falling Wedge
- Higher low observed
- Short-lived dead cat bounce or relief bounce
- All OGs screaming back to ATH and $33-50K and refusing to acknowledge they have been wrong all the way down!

Note: This idea gets invalidated with a move to 48K+

Happy trading!
Carl M.

Check out my previous analysis

Bitcoin About to CRASH! This happened THREE times in the past 10 Years!

Trade active:

Lower TF chart

Comment:

We should find support at 43K in the next few hours and get a last push to the 46Ks before topping

Comment:

This chart fulfilled its purpose so far pretty well and the comparison did turn out spot on.
We did top at 43-45Ks and have washed down to 30Ks after double topping similar to 2018!
I suspect we head down from here to 21-17K range I will look to buy in at least 50% in what I have sold at 49-50Ks more 2 months ago.