Looking in
BTCUSDT
past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has notably evolved.
A standout pattern on the current chart is the flat top triangle, reminiscent of its 2015 counterpart. However, the nuances are subtle but significant. A rounded bottom and a sharp parabolic rise, denoted by the orange circle, paint a more subdued yet optimistic picture for 2023.
What explains this shift? Market capitalization and trading volume have soared since 2015, lending stability to
BTCUSD
movements. These parallels suggest a cautiously bullish outlook for Q4, 2023.
Yet, caution must prevail. Unforeseen events, akin to the black swan event of the COVID-19 crash, remind us that the crypto landscape, while promising, demands vigilant navigation.
BTCUSDT
past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has notably evolved. A standout pattern on the current chart is the flat top triangle, reminiscent of its 2015 counterpart. However, the nuances are subtle but significant. A rounded bottom and a sharp parabolic rise, denoted by the orange circle, paint a more subdued yet optimistic picture for 2023.
What explains this shift? Market capitalization and trading volume have soared since 2015, lending stability to
BTCUSD
movements. These parallels suggest a cautiously bullish outlook for Q4, 2023. Yet, caution must prevail. Unforeseen events, akin to the black swan event of the COVID-19 crash, remind us that the crypto landscape, while promising, demands vigilant navigation.
Comment:
Bollinger Bands Width squeeze confirms the idea of similar bear markets in 2015 and 2023. Go check it out 👇👇
Comment:
💡👉 Comparing 2023 and 2019-20 accumulation periods. Bitcoin potential bullish sign.
They look identical!🤏
Comment:
We still there and it gets interesting 🤔
Comment:
Greed Index still neutral 🤗
💡It will change soon!
💡It will change soon!
Comment:
Can we break through $50K in January?
Trade active
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