I have a theory that we are going through a mini market cycle. The bull run this year was so fast, strong, and hard that it was unsustainable. I think what we are seeing is a repeat of the 20k to 3k market cycle but in a much shorter time frame with a more narrow trading channel of 14k to 5k. The 200 week SMA will be around 5k if we hit it in the next few weeks. With the weekly close below the 21 week EMA & SMA, 200 Day SMA, and the VPR at 8k being retested over and over, I think we see a dump similar to Nov 2018, but much shorter/shallower.

With all market cycles, a return to the mean is inevitable. The mean being the uptrend we started in the Spring

'Mini Market Cycle' Theory : Bitcoin



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'Mini Market Cycle' Theory : Bitcoin
'Mini Market Cycle' Theory : Bitcoin
'Mini Market Cycle' Theory : Bitcoin
'Mini Market Cycle' Theory : Bitcoin

'Mini Market Cycle' Theory : Bitcoin

'Mini Market Cycle' Theory : Bitcoin