Market Prediction: Is the bear market ending? Looking into the evidence. What is technical analysis? In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis use many of the same tools of technical analysis In cryptocurrency a lot of users are trying to predict market movement by doing technical analysis of different coins Recently a respect user 'PentarhUdi' posted his technical analysis of the Bitcoin on the website TradingView. The analysis recieved over 26k views and a lot of good feedback. Bitcoin analysis https://www.tradingview.com/chart/BTCUSD/c2DYFwXO-Bear-time-is-near-to-end/ Key Points This is a very long-term prediction channel that started in 2012. The past price was fitting within the prediction channel very well apart from end of 2013 bull run where the price went slightly above it. The current lowest price almost reached the bottom of the channel (the lowest price could go according to the prediction is around 5.5k). We have seen strong support lines at these levels. We could see another crazy run (Bitcoin grows in bubbles) that could reach the likes of 100k at the end of 2019 if the conditions are perfect. We could also see slow growth along the bottom of the channel where the 10k could be reached mid 2019 if the over market sentiment isn't that great. Fundamental analysis Fundamental analysis, in accounting and finance, is the analysis of a business's financial statements; health; and competitors and markets. In case of cryptocurrencies fundamentals can not be forgotten. The market does not always act reasonable but there are certain things that can be analysed long term. In case of cryptocurrencies we should look at: developments of the project - how useful those projects are in real life? real life usage of the cryptocurrencies - how useful the actual tokens are? mainstream friendliness - how friendly they will be for new users? government involvement - how will laws affect cryptocurrencies? trading potential - can people make money that way? Bullish Signs All of the projects that raised money through ICOs should start providing actual products which should increase the usage of cryptocurrencies More and more wallets and apps are trying to make crypto user friendly for new uers to get into them As for existing users there are also more crypto cards and apps that allow people to actually spend cryptocurrencies meaning people can actually use them with intended purpose Bakkt - will allow both institutional traders and mainstream users to get into crypto and use it in real life applications ETFs are also coming which will allow more investors to get into cryptocurrencies and could potentially positively affect price Conclusion Both Technical and Fundamental analysis are bullish long term and the bear market has been ongoing for 7 months and while it's impossible to predict how long it will last it could be due to reversal any minute It is important to pick good cryptocurrencies since a lot of the less known project will not survive Popular projects like Bitcoin or Ethereum are good choices Projects that already have use cases/partnerships like Vechain, IOTA or Binance Coin are also interesting choices since they have usage that ensures value Cryptocurrencies and blockchain are seeing more usage so holding is a long time valid strategy