Bottom is in!!!?

Is the bear market over?

People are fomoing into the market all over the place, thinking the bottom is in! They say this because the price touched the 200MA on the weekly chart, which,in the past, signified the end of the bear market, and we got an Adam and Eve Pattern, which is normally a bottoming pattern... But there are some problems with these assumptions.

First, let's talk about the 200MA on the weekly chart. It's a moving average that normally acts as really really strong support, and normally the price bounces from it really hard. In 2014 it signified the end of the bear market. The problem that I got with this assumption is just one, normally after huge bubbles, the 200MA on the weekly chart is broken.

200MA acting as support in 2014

200 MA broken in the dotcom bubble (a tech bubble just like ours?) and house market bubble

200MA broken during the 1930 market crash

I could give more examples, since it's a "normal" thing to happen in the stock market every couple of years, because of one situation or the other, nothing can go up forever and it allows the death of the market and a stronger market to resurrect in it's place (evolution)...

Since we just had a bubble in the crypto market it might not act as support this time, and it will cause a longer deeper bear market that breaks the 200MA and drops down...

The Adam and Eve pattern is also a bottoming Pattern, and it can signify a bottom, but the same thing happened in 2014 before the capitulation candle, so I wouldn't use this pattern to call a bottom.

Crypto Market 2014 before the huge capitulation candle

Crypto market 2019 (fakeout before the dump?)

Nobody knows where the bottom is, only months after it happens can we call it, the price can go down to 0, that's the only bottom that I would call... We can, however, spot a reversal in the market! With trendlines, like I showed you before, but also with MAs. To be more specific the 50MA on the weekly Time frame.

This one I learned through watching @haejin 's youtube videos. Price normally breaks through this moving average when a bear market is over or when a bull market is over, we can use this to spot a reversal in the market, that's the best time to buy or sell, that's when the "big boys" buy, the real investors, the real fund managers, the real millionaires and billionaires, because when the price pushes through that moving average it's almost certain that it will moon or drop down to hell depending if we were previously in a bear market or bull market...

Now looking at all this, when is the price going to reach that moving average if we indeed have bottomed out and the 200MA acts as support? Somewhere around late summer early winter! (it's impossible to predict with 100% certainty, but somewhere later this year is a pretty good prediction...)

When both the trendline and the 50MA have been broken, the price will rise because the investors will buyback, the institutional money will rush back in, it will cause a pump in price the likes we have only seen once before, in 2015 when the same thing happened. The price pumped 86% in a matter of 2 months. If, we indeed have bottomed, and the price stays more or less around the 4000$ for the coming months consolidating, we are probably looking at a pump to 8000$ in a matter of 2 months later this year.

End of the 2015 crypto bear market, start of the crypto bull market.

Dotcom(2000) and house market(2008) bubbles burst buy zones with 117% profit in 10 years(leverage would increase this profit by 5x,10x,25x,50x,100x whatever you wanted to use

But, what if we haven't bottomed out? What if, what happens in the stock market, happens in crypto!

I've been around twitter and Steem for a while, and I can clearly see that the dumb money is still around and that the people fomoing in, the greedy people, are still around, they haven't panicked yet, a market is made by the sentiment of people, but the crypto market is also made by whales that can, to a certain point, manipulate the price up and down, if they can trap the FOMOing people's money, dump BTC on them, get it at a lower price and make money on the way down through shorting on Bitmex, what's to stop them? Nothing!

This is a 35 Million dollares sell wall on Bitmex, trying to clearly manipulate the price. To where? We can't be certain.

We indeed have signs of a bottom, but we can still go down, the only true bottom is 0$, we have really strong support right at 0$. If we indeed go down, the 2500$,1800$ and 1100$ should act as strong support too. If we indeed go down that low we will only see a reversal near or in 2020, when we break past the 50MA...

A trader and investor should be prepared for further downside. One should only buy on the breakout of a Trendline and, or, on the breakout of a 50MA, that's the best time to buy, that's the best time to hodl and invest, before that it's just dumb predictions that can cost you huge amounts of money in the small-term and long-term! Like it happened with me...

I've been hearing "The bottom is in" since the ATH. According to many people on STEEM and on Twitter, the bottom has been in for almost 1 year...Bunch of retards cost me most of my money! I was dumb money through and through. Lost thousands trying to "catch the bottom". Every 100$ drop they called the bottom was in and I bought! Thousands of dollars I could have saved and bought on the reversal. I'm a college student, thousands of dollars is a lot for me... Thank god I learned the most basic knowledge of trading and was able to save my money from the 6000$-3000$ drop...

We will only know the bottom was in months after it happens, buying on the reversal is the right way to do it! And I'm giving you the tools to know when it happens! Stop listening to people that just want to be right so they call the bottom every drop! People who base their predictions on "their feelings" or on their non-TA-non-expert "knowledge" that they got from listening their grandmas speaking about Bitcorn at the dinner table on Christmas Eve…

I’m giving you simple TA/investing knowledge with images to make my point, there is nothing better to make my point than actual pictures! Maybe the knowledge will save you from buying local bottoms, over the years this knowledge is pure gold, it compounds your investments and saves you from being dumped on! Sell the reversal, buy the reversal!

Images Free Source - 1, 2,3,4,5,6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22 - Tradingview snapshots too.

Question of the day: Did you learn something? Are you saving your money to buy on the reversal? I am!

Get More and Higher Upvotes: Steemfollower
Convert your Bitcoin to EUR/USD : Coinbase
Buy all kinds of Cryptocurrency: Binance