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Exponential Moving Average (EMA): How To Ride Massive Trends 

Trading the crypto market can be tough and requires more than buying and selling crypto assets; if you aim to become a successful investor and trader in this field, this requires skills, patience, and psychology to stay ahead of the game. Investors and traders are always looking for ways to stay profitable in crypto by adopting different trading strategies, using indicators, oscillators, and chart patterns to have an edge and remain profitable in a bullish and bearish market. Studies have shown that the crypto market ranges by over 70%, while the remaining percentage allows traders to spot trending opportunities. Let us discuss the Exponential Moving Average (EMA), one of the widely used indicators by traders and investors to remain profitable and ride massive trends in the crypto market.

What Is Exponential Moving Average (EMA)
Daily BTC Price Chart Maintaining A Downtrend Under 50 and 200 EMA | Source: BTCUSD On
The Exponential Moving Average is a type of Moving Average tool employed in the technical analysis of crypto assets by many traders and investors to spot potential buying and selling areas and identify an asset’s current trend. 
There are two common Moving Averages: the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Most traders prefer using EMA because it filters the price actions and volatility that come with trading in the crypto market and gives traders a more realistic value than the SMA by placing more weight on recent price data.
Trading with EMA gives a trader more opportunities. It helps you to identify dynamic support and resistance, enabling you as a trader to enter and exit trades when the trend reverses against your trade.
As a trader, you do not need to start learning the formulas and how the Exponential Moving Average was achieved, all you need to do is make use of it on while analyzing your crypto assets.
How To Use EMA And Ride Massive Trends
The commonly used Exponential Moving Averages are the 50 and 200-day EMA for long-term traders to spot trends and ride early trends based on the high timeframes. For short-term trading, traders use 8 and 20-day EMA to spot trends, entries, exits, and potential price reversals. 
Example Of 50 And 200-Day EMA
Daily BTC Price Chart Maintaining A Downtrend Under 50 and 200 EMA | Source: BTCUSD On
From the chart above, the price of Bitcoin/United State Dollars (BTCUSD) trades below the 50 and 200 EMA, indicating a downtrend price movement with the 50 and 200-day EMA acting as resistances for the price of Bitcoin (BTC), preventing the price from going higher. The 50 EMA responds faster to a price change, so a break and close above the 50 and 200 EMA indicates a potential change in the trend from bearish to bullish.
Example Of 8 And 20-Day Exponential Moving Average
BTC Price Chart For 8 And 20-Day EMA | Source: BTCUSD On
The 8 and 20-day Exponential Moving Average is used for short-term trades and can be used to spot short changes in trends. The 8-day EMA responds faster to change; as such, a crossover from below could mean a potential change in price from a downtrend to an uptrend. A close of prices above the 8 and 20 EMA could mean a potential change in price from bearish to bullish.For better confirmation, it would be ideal to trade this indicator with other trading strategies and chart patterns like the descending triangle from the Image above for better trading confirmation and profitability.

Featured Image From Investopedia, Charts From Tradingview

The GMT Token launches new “Greedy Machines” NFT series

The GMT token’s smart contract was launched in 2021 by GoMining. It is an international network of mining hotels that rents space for equipment and engages in BTC mining.
The company’s founders understand how difficult it is for an ordinary user to start mining cryptocurrency. Even large organisations cannot increase capacity with the increasing complexity of the Bitcoin network. GMT token allows everyone to earn rewards in BTC without any hassle.
What is GMT Token?
GMT mines Bitcoin on its equipment and distributes the reward among holders. Payments are conducted automatically via smart contracts, which have been audited by CertiK.
Major part of the funds from the token sale are used to increase the capacity of GMT. Once the new equipment is put into operation, the issuer allocates an additional batch of tokens. The native currency protocol contains mechanisms for fundamental growth and protection against inflation.
As the team commissions new equipment, they issue new tokens. The number of tokens issued is not proportional to the equipment capacity but is 20% fewer. That way, the team distributes the free power among all the tokens in circulation, ensuring that the power of each token grows, and so does the mining reward.
A Brief History of GMT
During the project’s existence, GMT increased the hash rate of the device park from 100,000 TH/s to 725,000 TH/s. In addition, it has expanded its presence geographically, having 9 data centres worldwide with the most energy-efficient (Antminer S19Pro) mining devices on board.
Although GMT is a young project, the team has already made significant progress and gained trust in the crypto sphere.
The company has accumulated a huge hash rate, which serves as security for the token.
In 2022, video cards and Asics became more affordable; however, the payback of farms is still high (12-18 months). Therefore, the GMT token has good prospects for growth, as it allows generating passive income here and now.
The ability to receive daily rewards from mining attracts investors. The GMT team is actively developing the project. GMT Whitepaper is published in 12 languages. The GMT token’s price, as well as mining reward, will likely grow in the future due to the efficient team’s work, popularisation of the project through all available channels, capacity building and BTC rate strengthening.
The Rise in Popularity of GMT
GMT is the 30th member of the Bitcoin Mining Council (BMC) along with well-known players in the field of Bitcoin mining such as Argo, BlockCap, Core Scientific, Hive, Hut8, Marathon Digitais Holdings, Riot, Galaxy Digital and twenty others.
The news was announced at the AIBC Summit on November 17 in Malta during a fireside chat between Michael Saylor, Founder, Chairman, and CEO of MicroStrategy, and Mike Costache, a blockchain investor, entrepreneur, and consultant.
GoMining aims to popularise digital currencies among regular users and make mining accessible to everyone. The company cooperates with celebrities and well-known bloggers. In November 2021, UFC champion Khabib Nurmagomedov became the GMT ambassador.
The project was reviewed by mainstream media outlets like Fxstreet, Entrepreneur, and tech-specialised outlets such as Tech Times.
Greedy Machines – Uniting NFTs and Mining is Possible
GMT Token is a project that makes it easier for anyone to engage in BTC mining. Recently, it launched its own NFT project, “The Greedy Machines”. The developers came up with a fundamentally new approach to creating an NFT collection and started an art project with a set of images of mining machines. That are not just pictures – each image is backed by computing power. The initial supply will consist of 1,000 unique collectible miners stored on the Ethereum blockchain.
GMT users can exchange GMT for NFT, an image supported by real computing power, meaning NFT owners will get mining rewards daily.

What is NFT Mining Farm?
Greedy Machines is a concept art game where participants build their virtual mining farms. As mentioned above, NFTs are backed by a certain amount of computing power which allows mining Bitcoin daily and receiving rewards. A user should attach the purchased NFTs to one’s account to start building a farm.
Farms include mining cells, mining shelves, immersion baths, containers, data centres, etc. Every user starts from a novice miner with one device and grows to the head of a mining empire, the owner of a mining power plant.
Greedy Machines also includes an attractive referral program. NFT holders invite their friends to the platform, and as a result, both participants and invited members receive promo codes for an extra reward in Bitcoin. In addition, equipment maintenance is also rewarded – the more the participant performs equipment maintenance, the more bonuses one receives.
Environmental Sustainability
The GMT Token project’s first priority is to provide sustainable energy. The project offers “green” miners to its users. Profit will go to organisations involved in spreading sustainable energy: like Global Giving and Everybody Solar.
One of the principles of NFT ownership is: the longer a user holds tokens, the more rewards one receives.
Final Thoughts
The Greedy Machines is a concept art game that builds a community of miners, facilitates BTC mining, and develops “green” energy. Those enjoying beautiful visual forms and artworks will definitely appreciate using the platform and GMT marketplace. The benefits users receive from the Greedy Machines collection include daily Bitcoin rewards for image ownership, unique images, and a part of the gaming infrastructure.

Elrond Coin Price Seen Climbing Nearly 20% In Next Few Weeks – Here’s Why

Elrond is currently among crypto assets that are “in the green” after enduring another trying week for cryptocurrencies.
Elrond currently trades at $52.44
Coin expected to reach $60 mark in coming weeks
Elrond currently 90.4% lower than its ATH

At press time, tracking from CoinGecko shows EGLD trading at $52.44. For the last seven days, its value grew by 12.3% while also tallying a 24-hour increase of 7.4%.
Its intraday trading volume is also impressive, reaching more than $71.6 million while its total market capitalization is a little north of $1.2 billion, enough to keep the coin in top 50 of all digital currencies, ranking 46th overall.
Predictions for the asset’s immediate future are rather bullish, with some hinting at a significant price boost for the next weeks to come.

Elrond Price Movement Pattern
In the crypto space, a parallel channel pattern gives multiple opportunities to traders as it shows a rally towards two trendline barriers. It is quite helpful for what is called a counter-trend move.
While the entirety of the crypto market bore the brunt of another volatility-induced downfall, Elrond’s price was observed to lean on the aforementioned channel pattern.

Under such trend, it was expected that Elrond will once again experience a severe price correction, duplicating the asset’s June low of around $38.
But that did not happen and instead, the asset traded within the narrow range of $50 to $45 before climbing to its current value.

EGLD: Price Prediction For The Coming Weeks
With the parallel channel’s two trendline barriers, Elrond is now expected to gain some steam and start a bullish run.
If the buyers are able to retest and breakthrough the $54.5 barrier, the crypto might be looking at a value increase of nearly 20% and climb all the way to the $60 level.
This however, remains significantly lower than what Elrond was able to accomplish last year when it attained its all-time high.
It can be recalled that in November 23, 2021, the blockchain token was able to reach trading value of $545.64. With its price of $52.44, it has now lost 90.4% of its all-time high and Elrond remains a long way from it.
Meanwhile, for 2023, the digital currency is expected to grow more in terms of trading price. Elrond will start the next year with January highest price of $95.81.
By the end of next year, the asset could reclaim a portion of its all-time high with December highest price of $123.03.

EGLD total market cap at $1.23 billion on the daily chart | Source:

Featured image from Zipmex, Chart:

SocialFi & NFTs: What This Means For Creators

DeFi continues to shake up the crypto world. GameFi is revolutionizing traditional gaming. But what about SocialFi?
A combination of social media and decentralized finance (DeFi), SocialFi is the latest Web 3.0 innovation. Short for ‘social finance,’ the approach empowers content creators, influencers, and digital users who want more control over data.
Social media platforms have grown to be one of the largest players in the Web 2.0 world. Research shows about 59% of the globe’s population uses social media. Unsurprisingly, data reveals digital activity rose dramatically amid COVID-19 lockdown periods. User behavior also shifted as people spent more time on social media, messenger services, and mobile apps.
Despite the massive popularity of platforms like Facebook, Twitter, and Instagram, many worries these social media giants have become too centralized.
Concerns are the entities and shareholders reap the rewards of content monetization. In short – worries remain that “if the product is free, you are the product.”
How SocialFi Aims To Break The Power Of Centralized Social Media
The building blocks of SocialFi aim to empower social media users to monetize brand equity, maintain digital data ownership, and foster a decentralized curation process where platforms can not unilaterally pick-and-choose content.
Programmable NFTs are one of SocialFi’s most useful tools. Acting as unique digital identifiers, users can customize their virtual identity and even sell and rent content as NFTs. For example, a SocialFi user could immediately convert an impactful message into an NFT with just the click of a button.
Many artists, creatives, and animators are heralding the arrival of SocialFi. Traditionally, these groups have found it very difficult to keep track of how their work is shared and used online. Digital piracy and manipulation also remain a large issue.
Influencers and creatives also struggle to cultivate their own brand identity on social media platforms and then monetize their brand equity to generate income. Traditional social media platforms have made it hard to translate social credibility into dollars.
With SocialFi, creatives can build brand equity with their own tokens, and even build a mini-economy surrounding it. Users can build subscription models in these tokens to unlock access to premium content.
Designers, painters, and artists who sell their work can easily track where it goes to ensure unscrupulous users are not trying to copy, steal, or manipulate creations.
Storytelling And The Power Of Creativity Within SocialFi
All of these factors help open up new realms of financial autonomy for digital users and cultivate stronger communities. SocialFi platform users can freely collaborate, post, and share information without pressure from higher digital ‘authorities.’
Many argue storytelling will propel SocialFi forward. This type of engaging and dynamic content inspires users to build and share ideas, concepts, and dreams.
Mittaria users collectively co-own the platform, which empowers creatives to share their world, with the option of working with professional animation creators to bring ideas to life.
Along the way, animation enthusiasts can meet, share, converse with each other, and spend time together within the community-first platform.
The Mittaria team remains committed to being one of the SocialFi forerunners by empowering creativity, promoting decentralization of assets and metaverse interoperability, and encouraging artists to produce and directly share content to earn money. Mittaria also plans to launch NFT collections that help users unlock various metaverse ecosystem benefits.
Those interested in Mittaria’s Genesis NFT can follow the project’s website for updates and details about how to mint and price. Keep up with Mittaria news and growth by following the Web 3.0 platform on Twitter and Medium.

TA: Ethereum Price Could Rally If It Closes Above This Key Level

Ethereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels.
Ethereum is slowly moving higher and trading above the $1,300 level.
The price is now trading above $1,310 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could gain bullish momentum if there is a clear move above the $1,350 resistance.

Ethereum Price Remains Supported
Ethereum remained well bid above the $1,250 level. There was a minor increase above the $1,280 and $1,288 levels. ETH is showing positive signs above the $1,300 level and the 100 hourly simple moving average.
The price climbed above the 50% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low. The price even settled above the $1,310 level and the 100 hourly simple moving average.
There is also a key bullish trend line forming with support near $1,320 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,330 zone. It is near the 61.8% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low.

Source: ETHUSD on
A clear break above $1,330 might start a decent increase towards the $1,355 level. If the bulls remain in action, the price could rise towards the $1,375 level. Any more gains may perhaps open the doors for a move towards the $1,400 resistance zone. The next major resistance sits near the $1,450 level.
Fresh Decline in ETH?
If ethereum fails to climb above the $1,355 resistance, it could start a fresh decline. An initial support on the downside is near the $1,320 level and the trend line.
The next major support is near the $1,290 level. A downside break below the $1,290 level might send the price towards the $1,255 support.  Any more losses could increase selling and the price might drop to $1,220 or even towards $1,200 in the coming sessions.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now just above the 50 level.
Major Support Level – $1,320
Major Resistance Level – $1,375

TA: Bitcoin Price Close Below $20K Could Spark Larger Degree Increase

Bitcoin price is slowly moving higher above $19,500 against the US Dollar. BTC could start a steady increase if there is a close above $19,600 and $20,000.
Bitcoin remained well bid above the $19,200 and $19,000 support levels.
The price is trading above $19,400 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a steady increase if there is a clear move above the $19,700 level.

Bitcoin Price Eyes Steady Increase
Bitcoin price remained strong above the $19,000 level. BTC traded as low as $18,937 and started a steady increase. There was a move above the $19,150 and $19200 levels.
The price was able to clear the 50% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. There was a also a move above the $19,500 resistance zone to move into a short-term positive zone.
Bitcoin price is now trading above $19,400 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC/USD pair.
On the upside, an immediate resistance is near the $19,700 level. It is near the 61.8% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. The next major resistance sits near the $20,000 zone.

Source: BTCUSD on
A clear move above the $20,0000 resistance might start a fresh increase. In the stated case, the price could even surpass the $20,200 resistance zone. The next major resistance is near the $20,500 zone.
Another Decline in BTC?
If bitcoin fails to rise above the $19,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,400 zone.
The next major support is near the $19,000 zone. The main support is near $18,500, below which there could be a major decline. In the stated case, the price may perhaps decline towards the $17,500 support.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $19,400, followed by $19,200.
Major Resistance Levels – $19,700, $20,000 and $20,500.

Exchanges Close Q3 With Massive Bitcoin Outflows, Why A Rally Is On The Horizon

The third quarter of 2022 was a rollercoaster for the price of bitcoin. BTC’s price had fluctuated wildly during this time and ended up hitting lower lows than expected. However, this has not changed investors’ convictions about the cryptocurrency. As the third quarter drew to a close, there had been a massive withdrawal spree from centralized exchanges, which led to more than $600 million in outflows.
Bitcoin Outflows Grow
The last day of September has proven to be an important trading day for bitcoin. Given that it was both the last day of the month and a Friday, meaning the close of the trading week, bitcoin investors seemed to have taken this as a sign to move their BTC off exchanges.

Data shows that on this last day, investors moved 34,723 BTC out of centralized exchanges. This came out to Rond $668.07 million at the time of the withdrawals. It also follows the accumulation trend that has been gaining momentum since mid-September. This happened while the digital asset trended below $20,000, and it is now apparent that this accumulation trend had been behind the brief spike above $20,000 on Friday.

More than 34k BTC leaves exchanges in one day | Source: Santiment
On-chain data aggregator Santiment notes that this is the 4th largest daily BTC outflow that has been recorded for the digital asset in 2022. Additionally, it is also a new 3-month record for the digital asset. Part of a large “bank run” that has seen the BTC held by centralized exchanges drop by more than 60,000 over the weekend.
Can This Trigger A Breakout?
For bitcoin, such large removal of BTC from centralized exchanges is always a bullish indicator. Investors tend to do this when their long-term conviction is high, and they want to safeguard their coins as they hold out for the future since it is common knowledge that “Not your keys, not your coins.”
What this does is remove a substantial supply of bitcoin from the open market, leading to a supply squeeze. Demand has also been on the rise for the digital asset, which means buy pressure is mounting. Santiment also notes in its post that the last time that the digital asset had seen such a massive movement of coins off exchanges, BTC’s price had rallied more than 22% in the next month.

BTC settles above $19,000 | Source: BTCUSD on
Interestingly, October has always been a historically bullish month for BTC and the general crypto market. This means that a rally from this present level could see the price of bitcoin hit $23,000 over the next 4 weeks. However, it is also important to bear in mind that the worst of the bear market is not over. So while a breakout is possible, it will be hard for bitcoin to maintain such high levels, and a downward correction could lead to new lows.

Bitcoin is trading at $19,189 at the time of this writing. This puts it 10% below its 50-day moving average of $21,234. The next significant resistance point lies at $19,900, while the digital asset is seeing mounting support at $19,050.
Featured image from CryptoSlate, chart from
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Uniswap Token (UNI) Forms Rounded Bottom, Can Price Hit $7.5?

UNI price creates more bullish sentiment as price forms rounded bottom below key resistance as price aims to break above.
UNI closes the week with two bullish candlesticks. 
The price of UNI breaks and holds above 8 and 20 EMA.

Uniswap token (UNI) has had a rough start to the year and has failed to hold key support as the price of Uniswap token (UNI) had a spiral from a high of $45 to the current price of $6.5 as price aims to break out from its long downtrend movement. The price of UNI has struggled to keep up with Bitcoin’s (BTC) range movement as this has affected most altcoins, including the price of UNI. (Data from Binance)

Uniswap Token (UNI) Price Analysis On The Weekly Chart
The cryptocurrency market hasn’t had the best price movement in recent times, but that doesn’t mean that some crypto assets haven’t shown great strength in bouncing from their lows and breaking out of their downtrends to establish bullish momentum.
Despite showing less price movement in recent weeks, the price of UNI has continued to trade below the key resistance level of $6.6, preventing a rally to new highs.
UNI’s price fell from a high of $45 to a low of $3.5 as it bounced off that region, quickly rallying off to a high of $8, but the price was rejected as it continues to struggle to break out of its price range.
The price of UNI ended the week looking more bullish as bulls pushed the price to break the resistance at $6.7, setting up a more bullish price movement for the price of UNI ahead of the new week.
The price of UNI must break and hold above $6.7 in order to rally to a higher region with more bullish sentiments; if the price of UNI is rejected from this region, we may see the price retest a $5 region acting as good support zones.
Weekly resistance for the price of UNI – $6.7.
Weekly support for the price of UNI – $5.
Price Analysis Of UNI On The Daily (1D) Chart
Daily UNI Price Chart | Source: UNIUSDT On
The price of BEL on the daily timeframe continues to look bullish as the price forms a rounded bottom as the price breaks out of the neckline resistance.
The price of UNI trades at $6.7 as the price attempts to break above the 50 and 200 Exponential Moving Average (EMA). The price at $6.3 corresponds to the price at 50 and 200 EMA for UNI on the daily timeframe.
The Relative Strength Index for UNI on the daily timeframe is above 45, suggesting less buy volume.
Daily resistance for the UNI price – $6.7.
Daily support for the UNI price – $5.

Featured Image From themarketperiodical, Charts From Tradingview

Ethereum Price Squeezes Shorts Positions, ETH Could Be Set For More Gains

Ethereum is following the general sentiment in the market as Bitcoin and other cryptocurrencies make a run towards previous highs. The second cryptocurrency by market cap knocked some gains over today’s trading session but seems poised for a re-test of its lows before moving to the upside.

At the time of writing, Ethereum (ETH) trades at $1,300 with a 2% profit in the last 24 hours and in the last week. Unlike in previous rallies, ETH’s price is lagging larger cryptocurrencies, such as Bitcoin, the number one crypto that records a 4% profit over the same period.
ETH’s price moving sideways on the 4-hour chart. Source: ETHUSDT Tradingview
Ethereum At Critical Point, Will It Finally Breakout?
Today’s bullish price action seems to be prompted by a rebound across legacy financial markets, the S&P 500 and Nasdaq 100 have been trading in the green giving cryptocurrencies room for a run. The bullish price action is leading to a change of sentiment across the digital asset class as investors turned optimistic.
Over the weekend, with traditional markets close, the situation was different and market participants were gearing up for a potential leg down. According to a pseudonym trader, Ethereum saw a spike in Open Interest (OI) against the U.S. dollars.
This increase in OI was recorded as the cryptocurrency trended to the downside. Therefore, the analyst claims that the metrics hinted at a spike in short (sell) positions from traders expecting further downside in the short term.
The liquidity provided by these short positions accumulates to the upside, making each rally stronger and fueling further bullish momentum. However, the analyst believes the market might take this upside liquidity before re-testing support levels. The pseudonym trader wrote the following via his official Twitter account:
I said yesterday that there was a lot of short build up on $ETH. They’re getting squeezed now. Once that’s done it gets slapped back down I think. Looks like a clean short set-up.
Source: Byzantine General via Twitter

In case of potential downside, data from Material Indicators shows that the area between $1,280 and $1,250 has the biggest concentration of bid (buy) liquidity on low timeframes. These levels might provide the bulls with strong support to either resume the bullish momentum or send ETH back into accumulation mode.

Is Bitcoin ‘Uptober’ About To Begin? | BTCUSD Analysis October 3, 2022

In this episode of NewsBTC’s daily technical analysis videos, we review a variety of technical and fundamental signals on the Bitcoin price monthly chart to see if we are getting closer to a bottom in crypto.
Take a look at the video below:
VIDEO: Bitcoin Price Analysis (BTCUSD): October 3, 2022

Bearish BTC Momentum Begins To Wane… Maybe
The October monthly candle opened with pink on the LMACD histogram. This signal in the past put bear markets back into hibernation mode for at least a year or more, and suggests a major shift in momentum. But October must close bullish to confirm and cement the change in color on the Bitcoin monthly chart.
The monthly Relative Strength Index remains the lowest in Bitcoin history, but is grinding along the bottom of a downward sloping channel. The same downward slope has connected past RSI peaks.

Bitcoin bearish momentum might be weakening | Source: BTCUSD on
Bitcoin Investors Could Be Getting Over Their Loss
The Coppock Curve has also finally touched down at the same level where past bear market bottoms have occurred. Time cycle tools also suggest there could be some rhythmic behavior to Bitcoin that is about to unfold.
The Coppock Curve was created by E.S.C. Coppock, who was asked by his church to identify long-term buying opportunities for investors. It is based on the idea that it takes between 11 and 14 months for a bear market to end, as that’s roughly how long it takes for a human to get over mourning a significant loss.

Did Satoshi Call The Bottom In Crypto?
Another possible bottom signal isn’t technical, but fundamental. Bitcoin price has now been in the lower range of the cost of production at about the same length of time as the 2018 bear market bottom.
This is notable, because in commodities, prices bottom out near the cost of production. Even Bitcoin’s creator, Satoshi Nakamoto spoke of this.
“The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.”