💲BITCOIN💲 And its power of multiplication in a bull market!Hi guys, today I'm going to bring here some of my BITCOIN reading from a long-term perspective!
To be clearer with friends, we will only use an indicator called TSI = (True Strength Index)
And the Price of the asset illustrated by a bar chart.
See that whenever the price manages to have enough strength to make the TSI cross upwards, we have the beginning of a bull market.
It is clear that we have a lot of bad news in the market, and a lot of fear as well, but I must remember that good news reflects an already high price.
This bullish crossover is clear as daylight here and serves as a wake-up call for bears.
The more you deny a possible Bull Market, the further behind you will be!
In previous studies we also commented on how the Fibonacci time cycle, when plotted between each BTC miners reward break, indicated a buy window from the 0.618 point, these points were successful in the last bull cycles.
Knowing this, we have strong indications that the price may have marked a relevant bottom to start the next bull run 🚀.
So look at the power of multiplication that BTC has even without leverage, it's something amazing!
BTC in these last crossings would manage to multiply its capital by more than 230x to the peak of 2013, by more than 65x by the peak of 2017, and by more than 14x by the peak of 2021.
The question that remains is how many times do you think BTC will multiply now? Leave your opinion here in the comments!
Thank you for reading and I hope I have contributed, good trades!
Att: Leandro Sander.
🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.
