If History Rhymes we could see a 30-36k BTC · Divine Stewardship Community

Divine Stewardship

9d • Charts

If History Rhymes we could see a 30-36k BTC

In every previous bear market the price of BTC has dropped between 70-80%

Right now we have dropped about 52%

Slide 1 bear market from Nov 2013 to April 2016 85% decrease

Slide 2 Following Bull market 8/15 - 12/17 11000% increase

Slide 3 Bear Market 12/17 - 11/18 84.32% decrease

Slide 4 Bull Market 10/18 - 11/21 2023% increase

Slide 5 Bear Market 11/21 - 11/22 77.37% decrease

Slide 6 Bull Market 11/22 - 10/25 753% increase

Slide 7 Bear Market Projection 74% ( I chose this as an average of previous drawdowns in the bear)

Slide 8 - THIS IS THE LAST SUPPORT - yellow arrow is the last support on the trendline and the SMA green arrow is where BTC is likely to go if it breaks this support

All this is shared for analysis of previous cycles. So lets remember the upsides are massive once we find the bottom.

Please remember that these markets have historically turned around and the bear markets are temporary. Dont put in more than you can lose, and minimize risk exposure with leverage. Sometimes the best trade is no trade.

If you are hurting rn please do whats necessary to take care of yourself. If you have been overexposed risk wise please dont revenge trade. I know Ive been there. Wait for a bottom and a reversal before longing anything. We are in the bear act accordingly.

None of this Fincancial Advice

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