Bitcoin $BTC / $USD - Where we are in this bear market
Updated
We are probably a little further on than what the permabears believe, but yet we are not out of the woods just yet.
The fractal of 2014 is erily similar on the weekly MA and RSI.
My analysis suggests we get rejected off the 50 MA, retest the 200 MA for a "double bottom" (with a large wick) and a new bull market is born.
#BLX chart https://www.tradingview.com/x/1nnkeSsP/ via https://www.tradingview.com
Not financial advice, for education purposes only.
The fractal of 2014 is erily similar on the weekly MA and RSI.
My analysis suggests we get rejected off the 50 MA, retest the 200 MA for a "double bottom" (with a large wick) and a new bull market is born.
#BLX chart https://www.tradingview.com/x/1nnkeSsP/ via https://www.tradingview.com
Not financial advice, for education purposes only.
Trade closed: target reached
uk.tradingview.com/chart/fbX3KFxT/
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