Bitcoin: How to spot a Bullish Reversal and Market Prediction.

Hi traders, today I'll show you how to find the best entry point in a bear market.

Let's get into this...

• You can think of a crash as a bull move in reverse, first the price slowly grinds downwards as more and more people exit the market, this shows on the chart as a bear channel (in red);

• At some point, the slow grind down is going to accelerate as the last weak hands traders capitulate out of the market. If this move is met with support and volume then you can expect a bounce followed by a quick retest of support.

• If support is successfully retested with volume, then the market will start producing higher lows on the chart and only then you can be quite sure (but never entirely sure) that the market is primed for a real bull move/bounce.

Now, one important thing to stress here: after a crash like the one we're experiencing right now, it's likely we'll get such a bounce; similar to the kind we've grown accustomed to back when the market was bullish. However, when the bounce does materialize it's likely it'll eventually turn into a dead cat bounce aka an opportunity for strong hand holders to exit the market gracefully. Such "dead" bounce will most likely trigger a second bearish phase in the market which could last for months.

Such bearish phase will probably be characterized by a flat, possibly slightly bearish price action and that will be the best time to invest into the market in preparation for the next market cycle and that will be the time for me to reinvest my crypto gains for another roller-coaster ride and I am feeling excited just talking about it.

In the meantime I am not willing to try risk my profit trying to catch a falling knife so I'd rather sit on the sidelines, do some fundamentals research and look for the best market entry I can.

As usual trade carefully and if you liked this post please consider supporting the blog by upvoting, re-steeming and following yours truly.

Cheers.