- The bear market is really powerful and steep. It appears that with this speed we will definitely hit 13k next month, or the price may print a triangle before another leg down!
- The dollar is extremely strong and everyone is escaping to cash because cash is king? I don’t know, you tell me. Bonds are rising and so are interest rates.
- I am pretty confident we have a massive support at 13k , which is a great buying opportunity for a mid-term bounce!
- On the chart you see the potential for a textbook impulse Elliott Wave , which is a sign of the start of a huge bear market, not the end.
- After we hit 13k , I expect an ABC retracement back to 25k as a wave B and then another impulse wave downward to 3k-6k. I know it seems crazy, but it can happen as per Elliott Wave rules.
- This bear market can last kindly 4-7 years, and after 10 years we can reach new all-time highs, which will be the longest bear market in history.
- The bull cycle 2009–2021 is over. The bear cycle 2021-2026 begins?
- This analysis is just a scenario, and I would love to be wrong. I really don’t want bear markets. This is really the last thing I want.
Bitcoin to 13k next month! Bear flag is breaking down!
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Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.