Crypto Markets Now Orbiting at Point of Maximum Opportunity for Bulls, Says Top Analyst

MARKET_WATCH Crypto

A closely followed analyst believes that the worst of the Bitcoin (BTC) and crypto bear market is already behind us, presenting long-term bulls with golden opportunities.

 

The pseudonymous analyst known in the industry as Inmortal shares a blog post with his 184,700 Twitter followers that illustrates how markets tend to move like a pendulum.

According to the crypto strategist, a new market cycle takes shape when the pendulum is at the farthest from the center, where the force of gravity enables it to gather momentum to swing to the other side.

Looking at crypto’s current bear cycle, the analyst says the markets are now at a point where the pendulum has swung to the other extreme, indicating that the over one-year of selling is close to exhaustion.

 

Explains Inmortal,

“The pendulum no longer has momentum, all the sellers did their thing while the pendulum was in the middle. When the pendulum (market cycle) reaches an extreme, the perception of time here is different: price falls with less force, volatility is reduced and price is compressed. Think about the second when the pendulum is right at the extreme, when the momentum that drives it upwards is countered by the force of gravity.” 

The analyst believes that on November 10th, exactly one year after Bitcoin printed its all-time high of around $69,000, the crypto markets were at the farthest point from the center.

 

“Now, you are experiencing one of the most magical moments of a market cycle, the farthest point from the center, the farthest point of the orbit. You are orbiting the point of maximum financial opportunity.” 

On November 10th, Bitcoin printed a fresh bear market low of $15,674.

The analyst also shares a chart with his followers showing that Bitcoin is flashing a bullish divergence with the relative strength index (RSI) on the three-day chart.

 

 

Source : dailyhodl.com/2022/11/14/crypto-markets-now-orbiting-at-point-of-maximum-opportunity-for-bulls-says-top-analyst/ by Daily Hodl Staff - November 14, 2022

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.