My prediction of this seasons Bear Market.

Hello All,

Looking at the BTC chart on the daily timeframe, you can see that we developed a downward channel on the higher timeframes.

In my opinion, based on some fractal charting, it appears we will see a relief rally from the decline. Then head downward towards the mid-terms. (Dec)

This is where I believe we will bottom out in this bear market.

Let me know your thoughts...

****This is not trading advice****

Kommentar:

Well, So far it is going according to my analysis.

We will likely continue this down trend to test local lows, and then rally to the impending Bull Trap.

Trade geschlossen: Ziel wurde erreicht:

So, it appears the Target was reached in Mid-December as expected, however the ride getting there was quite a different story...