Personally speaking, I'm not panicking about the imminent death cross for BTC.
Every time I look at the current price action for BTC, I immediately see the same top that was put in, in 2019.
The RSI as well as the bar patterns seem almost identical.
Volume has followed a very similar path as well.
With that being said, BTC seemed to be recovering in early 2020 before the epic market crash seen around the world.
Also, up to this point BTC has been very repetitive as far as its halvings compared to its peaks.
We have had 2 halvings followed by 2 market cycle peaks in the following December.
There's not enough evidence in the charts in my opinion to say that anything different will happen, until it happens.
As I've shown in my chart, I believe we could have consolidation until September, and then 1 more parabolic move to end the year.
- CA$HLESS
Every time I look at the current price action for BTC, I immediately see the same top that was put in, in 2019.
The RSI as well as the bar patterns seem almost identical.
Volume has followed a very similar path as well.
With that being said, BTC seemed to be recovering in early 2020 before the epic market crash seen around the world.
Also, up to this point BTC has been very repetitive as far as its halvings compared to its peaks.
We have had 2 halvings followed by 2 market cycle peaks in the following December.
There's not enough evidence in the charts in my opinion to say that anything different will happen, until it happens.
As I've shown in my chart, I believe we could have consolidation until September, and then 1 more parabolic move to end the year.
- CA$HLESS
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.