BTC - Deja Vu

Evening all, thought I would be a dealer of some hopium for all the bulls out there.

We have all been told that as investors we should focus on the long term, anything else is just noise. So today, I am going to do just that, going to show the striking similarities between the last bear market and the current bear market.

Forgive the kind of messy chart, but lets just take a look at the similarities here between the bear markets, they look so alike they could be brother and sister. Both retraced past the .786 Fibonacci level, and both found held around it. Lets not forget they both sit on the Weekly 200MA.

Next look at the level of RSI of the absolute bottoms (potentially) of the bear markets. Also please ignore the amount the white lines curve as they are pointing down towards the RSI, I am not drunk, I am just too lazy to put on the arrows shape on to have it all nice and straight.

Look at these candles too, both had a rejection candle with a bear wick to the .786 level, which also to note held with no capitulation. Can also see the similarities between the days until the next halving.

To summarise;

• .786 Fibonacci range looks key for the past two corrections.
• Time until next halving are very similar, when FOMO, sir?
• Weekly 200MA looks as strong support for price.
• Absolute bottoms could potentially be in just in oversold areas of RSI

I am definitely not piling all my capital into BTC right now, but I am laddering in accordingly. Thanks for reading, all up votes are appreciated greatly.

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Disclaimer: I am not a financial advisor and any of my content should not be taken as financial advice. The information and content provided is purely my own thoughts and intended for informational and entertainment purposes only. This is not investment advice. If you want to invest you should consider consulting with a professional beforehand.