In today's BTC analysis I want to take a look at the relationship between the price of Bitcoin and it's 100- and 200-week moving averages.
Historically, once the price breaks the 100-week bearish after a bull-run, this also means that we're going to get more downside and the eventual capitulation.
2014 bear market
2018 bear market
Furthermore, the eventual capitulation towards the 200-week SMA also signaled the bottom of the bear market. Long-term investors might want to set up alerts once the price reaches the area around the 200-week SMA.
The above analysis in line with my most recent BTC analysis where I discuss my bearish outlook, see below.
Historically, once the price breaks the 100-week bearish after a bull-run, this also means that we're going to get more downside and the eventual capitulation.
2014 bear market
2018 bear market
Furthermore, the eventual capitulation towards the 200-week SMA also signaled the bottom of the bear market. Long-term investors might want to set up alerts once the price reaches the area around the 200-week SMA.
The above analysis in line with my most recent BTC analysis where I discuss my bearish outlook, see below.
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šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
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šÆOfficial Channel: t.me/FieryTradingChannel
šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.