Pure moving AVG analysis in bitcoin (1W) -- THE BOTTOM IS HERE!Hello everyone, first of all I would like to ask your LIKE and ask you to FOLLOW me to receive the notifications of my reviews here at tradingview!
I always try to bring quality content and different analyzes (you can see others in the related ideas below this post), with looks that deviate from the standards to demonstrate the various possibilities that technical analysis offers us.
So your support and your audience is very important to me and encourages me to continue with this work!
Lets go to what matters!
This analysis only takes into account three factors: Price, moving averages and time.
The 200MA in the weekly chart only starts in May 2014 so I used the 100MA and it also brings us very relevant information!
It's a comparison between the periods from 2013 to 2016 and the current period between 2017 and 2020. And this kind of information really makes me believe that we're already at the bottom before the next bull run, or very close to it.
You can see many similarities both in price movement and moving averages, you can check each of them in the text boxes included in the two charts.
In the left chart we have all price movements already performed in 2013-2016, in the right chart that corresponds to 2017-2020 we have a forecast from the vertical pink line where it was projected a possible price movement based on fractals and the same was done with moving averages.
In my view, all the information shown is very relevant and as the greatest scholars and thinkers of technical analysis cite, one of the main assumptions is "History repeats itself" and I have designed this idea based on that.
I sincerely hope you have enjoyed it and can somehow contribute to your training as a trader.
IF THIS POST REACHES 100 LIKES I'LL BRING YOU AN EVEN MORE COMPLETE LONG-TERM REVIEW, ELABORATED WITH OTHER INDICATORS AND DETAILS!
Many thanks to all my dear followers.
God Bless!
BNC:BLX
BITFINEX:BTCUSD
COINBASE:BTCUSD
BITSTAMP:BTCUSD
BINANCE:BTCUSDT
BITMEX:XBTUSD
HITBTC:BTCUSD
