The Bearish Period of Falling Triangles
We should admit that the bears yet have full control on BTC now and until we again see the golden cross, they will have. However, despite bear-dominant market, we expect to see gradual falls over time which indicate a healthy downward accumulation for the upcoming bullish trend.
We will see two or three triangles more until the golden cross I assume. Each triangle will be smaller compared to previous one until the market reaches golden cross area.
Let's look at triangles closer:
Triangle-1 (T1): Takes 47 days until the next big fall. The first messenger of the bear market. First harsh fall.
Triangle-2 (T2): Will take app. 50-52 days until the next big fall. The mid-period of bearish trend.
Triangle-3 (T3): Will take app. 40-45 days until the next smaller fall. The first messenger of the end of bearish trend.
Triangle-4 (T4): Will last 30-33 days until the End of Bearish Trend at the mid-Feb where MA200 exceeds MA50 which indicates a Golden Cross.
this is the hint ladies & gentlemens; monitor the momentum of the falling movements closely in order to forecast until which level it will fall.
if there are continuous - densely sharp falls, this means the btc price will reach its minimal at 5,5-6k's. However, if there is gradual decrease over time that we see nowadays, bearish trend might even end up at 4k's.
So, before taking long position, wait at least until price touches under 6.500 $.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
We will see two or three triangles more until the golden cross I assume. Each triangle will be smaller compared to previous one until the market reaches golden cross area.
Let's look at triangles closer:
Triangle-1 (T1): Takes 47 days until the next big fall. The first messenger of the bear market. First harsh fall.
Triangle-2 (T2): Will take app. 50-52 days until the next big fall. The mid-period of bearish trend.
Triangle-3 (T3): Will take app. 40-45 days until the next smaller fall. The first messenger of the end of bearish trend.
Triangle-4 (T4): Will last 30-33 days until the End of Bearish Trend at the mid-Feb where MA200 exceeds MA50 which indicates a Golden Cross.
this is the hint ladies & gentlemens; monitor the momentum of the falling movements closely in order to forecast until which level it will fall.
if there are continuous - densely sharp falls, this means the btc price will reach its minimal at 5,5-6k's. However, if there is gradual decrease over time that we see nowadays, bearish trend might even end up at 4k's.
So, before taking long position, wait at least until price touches under 6.500 $.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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