The Year The Secular Bitcoin Bull Run Could End

When the December 31, 2021 candle came to a close in Bitcoin, it didn’t just begin a new calendar year – it triggered a sell setup of epic proportions. This is how the cryptocurrency secular bull market could end and what the beginning of a bear market looks like.

Bitcoin Yearly Chart Triggers the First Ever Sale Setup

You wouldn’t know it based on the recently bearish price action, but Bitcoin has been in an ongoing bull market since the second the genesis block was generated exactly thirteen years ago today.

Over the period of normal childhood, as a teenager, coin prices have risen from zero dollars to $68,000 per BTC.

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The trajectory hasn’t always been up, as the price chart has shown, but the asset has been outrageously bullish nonetheless. This theory is supported by many indicators, which have never entered bear territory since the time that price was first recorded.

For example, the monthly MACD hasn’t made it below the zero line since 2015 despite the 2018-2019 “bear market.” The monthly Directional Movement Index had only a month-long temporary bear cross around mid-2015, but aside from that has never been bearish for an extended phase.

According to the TD Sequential, however, the series of ups, downs over the years has led to a particular sell setup. The tool is a market timing indicator developed by Thomas DeMark – which on other timeframes has been useful in calling reversals.


That signal makes you want "nine!"Source: BTCUSD | Source: BTCUSD on

At thirteen years since the asset’s debut, the first ever TD9 sell setup has appeared on the BTCUSD yearly price chart. Price action on the TradingView BTCUSD Index began in 2010. Bear market years of 2014-2015 and 2018-2019 excluded, there have been exactly 9 candles with a higher open than the previous candles – triggering the sell setup.

The End Of The Secular Bull Run

Despite the ominous signal, all is not lost for the current bull cycle – although it does give more credence to another bull market-ending pattern that could be developing.

Elliott Wave Theory says that markets expand in five waves. These impulse waves can be broken into sub-waves with similar behavior that alternate between corrective and uptrend phases. These corrective phases, also known as bear markets in a larger cycle, are called bear markets. Sometimes, the corrections feel equally severe in smaller timesframes than what current sentiment might confirm.

bitcoin BTCUSD_2022-01-03_11-34-56

A single chart containing both the good and bad news. Source:| Source: BTCUSD on

Bitcoin is well into the fifth impulse wave within its major motive wave cycle. Current count suggests that Bitcoin is in wave 4 of 5 sub-waves. This would indicate that there will be a grand finale over the next year.

Similar Reading: Bitcoin Falls Flat| Bitcoin Falls Flat: Examining A Rare Bull Market Corrective Pattern

This might be a good sell signal, if Bitcoin’s price reaches $100,000. When?

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