2022 Bitcoin Bear Market is a Copy of 2018 Bitcoin Bear Market
OK maybe that was a clickbait title but the similarities are eerie.
I expect $BTC to will bullishly break the descending triangle within the next 2 weeks and start a downward trend that will ultimately end in -40% to -50% from here. The trend may last 1-2 months. I have buy orders at $14K, $11K and $9K. Here are a few other interesting things
TECHNICAL FACTORS
- The daily BBWP has been striking 0 for 8 days in a row
- Monthly and Weekly Hash Ribbon looks like a carbon copy of the 2018 50% dump
- Monthly and Weekly MACD looks like a carbon copy of the 2018 50% dump
MACRO FACTORS
- Earnings season starts this week
- The fight for Kherson city center starts this week
- US home prices MoM lower 3 months in a row
- US unemployment rate may have made a double bottom
I expect $BTC to will bullishly break the descending triangle within the next 2 weeks and start a downward trend that will ultimately end in -40% to -50% from here. The trend may last 1-2 months. I have buy orders at $14K, $11K and $9K. Here are a few other interesting things
TECHNICAL FACTORS
- The daily BBWP has been striking 0 for 8 days in a row
- Monthly and Weekly Hash Ribbon looks like a carbon copy of the 2018 50% dump
- Monthly and Weekly MACD looks like a carbon copy of the 2018 50% dump
MACRO FACTORS
- Earnings season starts this week
- The fight for Kherson city center starts this week
- US home prices MoM lower 3 months in a row
- US unemployment rate may have made a double bottom