In our cycle only half the head of the bad Bear Market is done.
I find that the Bear market really starts at the break below of the MA 62 Weekly in white with a clear bearish candle close.
If we take the front of the chart pattern "the head of the bad Bear Market" which starts with the first red candle which closed below the MA 62 Weekly after a long bull run, and the front ends with the next green candle which closed above the MA 62 Weekly.
Otherwise I can also add the mouth but hey I can stay realistic, already the drawing I'm not the best, sorry.
And why more than half of the head is done???
- If we look at the last two cycles of the BTC, the 62 MA moving average did not give too many signals but each time it was almost perfect and good entry or exit points.
- When the MA starts to move down it was almost the Bottom of the old Bear markets and the beginning of a bullish reversal!
- For the moment on the BTC Weekly the MA 62 begins to move downwards which shows almost a signal of a Bottom and a possible reversal!!!
I'm not trying to Fud or Fomo, I'm just trying to prepare myself for all possibles scenarios.😉
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