🧵Thread on the past bear markets and a few thoughts of mine
Each of the past three bear markets was similar yet different in nuances.
All of them took around 9-14 months to form in an apx 75-85% correction
1/8
Each of the past three bear markets was similar yet different in nuances.
All of them took around 9-14 months to form in an apx 75-85% correction
1/8
1) We got a year of sell-off followed by an 8-month long range
2) We got a year of sell-off followed by a parabolic run within, followed by a second shorter bear market
3) We got a quick flash crash followed by a deviation above past wick ATH - followed by a -year of sell-off
2) We got a year of sell-off followed by a parabolic run within, followed by a second shorter bear market
3) We got a quick flash crash followed by a deviation above past wick ATH - followed by a -year of sell-off
What I find interesting is that after the 2017 blow-off top we had a long bear market followed by a mini bull & then a shorter bear market
After the 2021 top, we had it vice versa. Short bear market, followed by a pump & deviation above old ATH, followed by a proper bear market
After the 2021 top, we had it vice versa. Short bear market, followed by a pump & deviation above old ATH, followed by a proper bear market
Many people could object that this bear market started in November 21 and not April 21 but to me, that was only a deviation as there was no close above prior ATH and not a breakout like the one in 2013
After all many altcoins had its ATH in April 2021
After all many altcoins had its ATH in April 2021
Each bull market has also been different so most likely the one ahead might be too.
Maybe if we got a reverse situation of bear markets, maybe we will get a reverse one of bull markets too
First a longer one then followed by a shorter one
Maybe if we got a reverse situation of bear markets, maybe we will get a reverse one of bull markets too
First a longer one then followed by a shorter one
Obviously, all of this is just an observation, speculation, and fun games but nonetheless, there can be some projections and anticipations drawn from it
Whether this was the bottom or whether we drop a little lower, only time will tell and will be truly interesting to observe but let's not forget that #BTC has a history of front running the obvious levels the majority are waiting for
Also, let us not forget the overwhelming adoption we are seeing this cycle unlike the ones in the past
Let's also not forget that with each bear market we are seeing a diminishing drawdown
Sooner or late price will catch up on that adoption and leave everyone in aww again
Let's also not forget that with each bear market we are seeing a diminishing drawdown
Sooner or late price will catch up on that adoption and leave everyone in aww again
Well if you made it here, just wanna wish you a great day/night during these stressful times. Good luck to you and your family.
Loading suggestions...