Bitcoin bottom is really, really near
Sup guys, so this is my idea of what is the most probable scenario to come in the next year or so. I think bitcoin will maybe go touch this 200 weekly moving average (maybe crack it for a quick period of time), then go sideways for a couple months and then bull run time will be there (hope so lol) !
OK so 3 things to watch here :
Volume : See what happened in 2015 when a big load of volume came for the first time of the bear and match the previous bull market average volume ? Yes, end of the bear market, then sideways for a while and then BAM ! Bull run ! And guess what is happening right now ? The same damn thing !
RSI : Weekly RSI is at 30... I mean, 30... Last time it happened was at the end of the last bear market.
MACD : OK well, you can't see it on the chart, but the circles on the macd represents the time the macd stayed under zero. In the bear market of 2014-2015, it last for approximately a year and when it breached up 0 the bull market started over. If we look at the macd today, it went under zero in may of 2018, so if 2014-2015 repeats it could break back up the zero level in may of 2019 and could signify a new bull market.
OK guys so I'll leave you on this,
Stay tuned for more updates,
Fred
OK so 3 things to watch here :
Volume : See what happened in 2015 when a big load of volume came for the first time of the bear and match the previous bull market average volume ? Yes, end of the bear market, then sideways for a while and then BAM ! Bull run ! And guess what is happening right now ? The same damn thing !
RSI : Weekly RSI is at 30... I mean, 30... Last time it happened was at the end of the last bear market.
MACD : OK well, you can't see it on the chart, but the circles on the macd represents the time the macd stayed under zero. In the bear market of 2014-2015, it last for approximately a year and when it breached up 0 the bull market started over. If we look at the macd today, it went under zero in may of 2018, so if 2014-2015 repeats it could break back up the zero level in may of 2019 and could signify a new bull market.
OK guys so I'll leave you on this,
Stay tuned for more updates,
Fred
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