BitcoinLong
Comparing the 2019 and 2020 Bitcoin Bull Rallies $BTC
Bitcoin's recent uptrend doesn't look finished, according to the last bull rally.
Both rallies had a golden cross of the 200-day and 50-day moving average, and each time resulted in an immediate ~10% crash.
After that, there was an enormous upside. Even both 'bottom' structures look extremely similar.
Both rallies had a golden cross of the 200-day and 50-day moving average, and each time resulted in an immediate ~10% crash.
After that, there was an enormous upside. Even both 'bottom' structures look extremely similar.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.