The Cryptocurrency market: Bitcoin on track to new all-time highBitcoin / TetherKUCOIN:BTCUSDTMasterAnandaI (as the market) had to get rid of all the bears because they over-played their hands. It is just the way it is and the way nature works. Players tend to get caught by the market impulse, it is almost impossible to avoid. In order to spot a trend reversal, we have to look very close at the chart and market but at the same time remain alert, tranquil, serene, focused and detached. If I get too close, I tend to lose awareness of the bigger picture. If you stay far away, you can never know when a true bottom is in, confirmation is always needed and it becomes super tricky. The thing about a bottom confirmation is that it can take months to show up. Bitcoin can hit bottom in June or February, but only after months of bullish action and certain technical developments do we say an uptrend is now confirmed. Current situational example: Bitcoin hits bottom in the $58,000 to $63,000 price range. Bitcoin moves within this range close to seven months, then the market starts to run. Will this run end up as a new bullish cycle, a bull market, or a lower high that will end with a lower low? I guess that's the million dollars question. And, since we know the answer, we get to pocket the million dollars. In the above analysis I mention the duration of the previous bullish wave vs present price action. That's one way of knowing what to expect. In a set of some 100 articles, I mentioned the chart signals that revealed the bear market bottom; the RSI, the MACD and STOCH based on the long-term timeframes. Resistance vs support. Moving averages (MA200 daily & weekly, EMA55, etc.). The cyclical nature of the market as well as marketwide action, the highly loved and appreciated altcoins, everything is pointing up. Namaste.