EvanHearne

[Bear Market] End in sight

Long
BITSTAMP:BTCUSD   Bitcoin
There is not long to go until the bear market is complete

You can see a descending triangle which is a bearish formation,
I believe bitcoin will bottom out around 11,000~9,000usd worst case scenario

You can see the fall off in sell volume and the rise of the rsi, throughout bitcoins history this has always indicated the bottom of bitcoin, especially trading under the 200 ema for this length.
Patience will make you money.
In the year 2023, I will accumulate as many crypto assets as possible for the 2024 bitcoin halving.
Expect another 3~4 Month Bearish Trend

Thank you please like/comment





Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.