The following 8 charts showing you why we think the market is still in a bull-run cycle.
Let us jump right into it, as always keep it clear and simple:
1- 2010- 2013 price movement
In terms of the multiplier, we are very low now! Meaning still a lot of power in place to break 100,000 then 300,000 then $600,000
2- Halving comparison chart:
Here we can see price still has a lot of time to keep going up before the cycle ends
3- 2017 corrections on the bull-run:
We can see here this is the first drop similar to 2017 but yes we are on a bigger scale but that does not mean we are an indifferent scenario! Clearly show this is the first drop we are testing now.
High level of Fear similar to March 2020 price!
Also, RSI in the buying zone for whales to accumulate
Why do I think we still in a bull-run Bitcoin and all Crypto:
- 2016 drop prior to a parabolic move 2017
- RSI in the oversold zone/ forming pattern (It is shouting "Buy me")
- Extreme fear in the market (good sign)
- Further drop mean the death to all ALTS!
This could be the start of Alts season
In 2017 after the big Bitcoin crash Altcoins rallied hard for the next 30 days
Accumulation zone for whales has been just buying for the whole week!
I still think we are in bull-run and this is similar to 2013 first correction before the parabolic move
Zoom-out, ignore the noise, ignore fud and relax you are in the safest market
No business can make you this amount of return (check ROI figure below)
It only need patience like any other thing in life, don’t overwatch the market daily
Leaving you with this video:
HOLD
Credit to: https://twitter.com/plan_marcus
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.