Capitulation followed by long consolidation (Credits: Tone Vays)
Base on volume and previous comparison with 2014 bear market, one more capitulation towards 2500, then another 10 months of consolidation before going up.
Prior halvening in 2012 and 2016 resulted in bull market in the following years of 2013 and 2017 respectively.
Consolidation of this current bear market in 2019 will help a strong bull market in 2021 following 2020 halvening.
Credits to Tone Vays and Tyler Jenks from whom I learnt technical analysis.
Prior halvening in 2012 and 2016 resulted in bull market in the following years of 2013 and 2017 respectively.
Consolidation of this current bear market in 2019 will help a strong bull market in 2021 following 2020 halvening.
Credits to Tone Vays and Tyler Jenks from whom I learnt technical analysis.