Bitcoin: 1 year MA now crossing 2 year moving average
2015, 2019, 2022
- Weekly RSI at oversold almost to 2015, and 2019 level drop.
- Around 50% correction from breaking yearly moving average.
- Too much FUD of all markets going to zero (all around the same level)
On the weekly, not just RSI look similar but also now the 1 year moving average crossing 2 year moving average similar to 2015, and 2019.
(Interesting to see how this will unfold but from history, it looks like high volatility is ahead)
As for Alts, they will be in zigzag up-trend
- Weekly RSI at oversold almost to 2015, and 2019 level drop.
- Around 50% correction from breaking yearly moving average.
- Too much FUD of all markets going to zero (all around the same level)
On the weekly, not just RSI look similar but also now the 1 year moving average crossing 2 year moving average similar to 2015, and 2019.
(Interesting to see how this will unfold but from history, it looks like high volatility is ahead)
As for Alts, they will be in zigzag up-trend
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
NxGen Crypto Signals APP I post in the app top profitable signals. Available on iOS and Android crypto.eblock6.com/nxgen-app
Free Telegram Channe: t.me/NxGenApp
Free Telegram Channe: t.me/NxGenApp
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.