BITCOIN This where things get interesting for the greedy..
Bitcoin / BTCUSD has entered its parabolic rally mode, as we are in the final year of the Bull Cycle.
We are 812 days after the Bear Cycle bottom and on this chart we applied that range on the previous Cycle to get an idea of were we are in relation to the past.
As you can see we are just after a 1week LMACD squeeze, which in March 15th 2021 turned into a bearish cross that delivered a strong correction while in March 20th 20217 a smaller technical pull back.
In both cases the EMA Bollinger Bands Baseline (green) came to support.
This Cycle however draws more similarities with 2017.
It needs to be said that when BTC is in parabolic rally mode, it tends to spend more time above the BB Upper band (blue).
What this indicates is that any pull back towards the baseline should be bought as Bitcoin is now more likely to make higher highs above the Upper Band.
We project a smoother uptrend compared to past Cycles towards the end of 2025.
Be greedy, buy every pull back below the blue line and take profit a bit above it. Repeat until September-October.
Follow us, like the idea and leave a comment below!!
We are 812 days after the Bear Cycle bottom and on this chart we applied that range on the previous Cycle to get an idea of were we are in relation to the past.
As you can see we are just after a 1week LMACD squeeze, which in March 15th 2021 turned into a bearish cross that delivered a strong correction while in March 20th 20217 a smaller technical pull back.
In both cases the EMA Bollinger Bands Baseline (green) came to support.
This Cycle however draws more similarities with 2017.
It needs to be said that when BTC is in parabolic rally mode, it tends to spend more time above the BB Upper band (blue).
What this indicates is that any pull back towards the baseline should be bought as Bitcoin is now more likely to make higher highs above the Upper Band.
We project a smoother uptrend compared to past Cycles towards the end of 2025.
Be greedy, buy every pull back below the blue line and take profit a bit above it. Repeat until September-October.
Follow us, like the idea and leave a comment below!!
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TELEGRAM: t.me/thecryptagon
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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.