Our current bear market is playing out almost identical to our previous bear market. I break it down and show you how similar both bear markets are and why I believe real capitulation hasn’t even started yet. If you really delve deep and try to understand the actual structure of our last bear market you will see that everyone else has it completely wrong. If what I am predicting plays out, Bitcoin price will start dropping within days starting a cascading effect of panic selling bringing us to prices around $1200 and possibly even in the triple digits. Be safe and if you are in have a stop loss set. I truly believe bitcoin is setup for a huge drop and it’s a lot more bearish than most people are expecting. To access my bitcoin charts that play out live on all devices and my tutorial videos on how I create these charts, please visit my website at: https://opticalartcrypto.com
published version of this chart here:
https://www.tradingview.com/chart/BTCUSD/YUGCSCj8-The-2020-Bitcoin-bubble-is-about-to-pop-Capitulation-is-coming/
and capitulation chart from Jun 24th 2019:
https://www.tradingview.com/chart/BTCUSD/xid7B4q2-Bitcoin-Capitulation-Chart-for-Historical-Record-2019/
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This is not financial advice! these are only my view and opinions of where I think the market may be headed. Crypto Currency is a very risky asset, always do your own research before ever considering investing or making a trade.
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