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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Inverse Chart Demonstrates Bitcoin Price Following Bear Bottom To Bull Market Fractal

Tony "The Bull" Severino
Tony "The Bull" Severino
6 years ago
3 mins read

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The leading cryptocurrency by market cap has only been around for just over a decade. Due to this, there isn’t much history in Bitcoin price charts to attempt to discover historical repeating patterns that can be used to help determine future movements.

The best example of a previous bear into bull market cycle playing out, can be found in the charts of the 2014-2015 bear market bottom, where the price of Bitcoin bounced hard into a new bull market after the final capitulation candle occurred. According to an inverse Bitcoin price chart, the current bear market bottom transforming into a bull market pattern is closely following a fractal from the 2014-2015 bear market, and it could help crypto analysts predict the upcoming price action as bullish momentum picks up steam.

Last Bear Cycle Fractal Shows Bitcoin Price Has More Runway Ahead

When there’s an air of bias across the market, either due to extreme FUD or FOMO, many crypto analysts and traders will flip a price chart upside down, in order to remove any preconceived bias from their analysis. These inverse price charts can often lead to the discover of new patterns.

In a pair of inverse Bitcoin price charts shared by crypto analyst FilbFilb, the two images compare the last bear market bottoming into a bull market transition cycle, and how it stacks up against what’s currently happening across the crypto market. The two charts are eerily similar, and show a parabolic rise coming out of a bottoming structure.

While i know i have said that there could be a $btc bull trap then lower to $5k, i need to share this.

If you think that we will do the latter part of the chart dont gamble entirely on $5k coming along and gifting you the accumulation.. Think longer term and dont be greedy. pic.twitter.com/D2CHRMjIoU

— filbfilb (@filbfilb) May 17, 2019

At the height of the parabolic rise is a long wick, showing that the price reversed and fell sharply from the local high, much like what happened overnight last night, as Bitcoin fell from near $8,000 to $6,600 in the matter of a few minutes.

After that, the price of the first-ever crypto asset took a pause for consolidation, then went back on a parabolic tear, causing Bitcoin price to grow more than 1,000% from the cryptocurrency’s bottom over the next nine months.

Should a similar spike occur, and the price per BTC grow 1,000% from the Bitcoin price bottom of the recent bear trend, it would take the asset 50% above its previous all-time high of $20,000 and set a new record for the cryptocurrency at above $30,000.

Fractals are patterns that repeat on the charts of a financial instrument, like Bitcoin and other cryptocurrencies. These fractals are usually a result of how humans emotions repeatedly play out, or are due to trading bots and their algorithms executing repeating trading strategies that are effective.

Related Reading | Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble 

Whatever the reason behind the fractal, if it plays out, Bitcoin will reach a new all-time high this year, and help take the crypto market to new, unimaginable heights.

Featured image from Shutterstock
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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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