1 year bear left? Moving average trend for Bitcoin
Updated
This time, I did trend analysis on the moving average. From a different perspective, I again come to the disappointing conclusion: 1 year more bear for BTC!
In order for our moving average to continue the trend, some neutral-bearish price movements are needed for another year.
Targets:
* September next year only we accelerate up, leaving the current price channel . Potentially we see lower lows as we test our long term channel.
* Longterm, as our moving average seeks the channel support, we move up again to reach 130k in 2021
These predictions confirm my earlier trend analysis.
Make sure to have your HODL funds already in BTC -0.27% for the long run, and keep some cash for buying the dip as well!
In order for our moving average to continue the trend, some neutral-bearish price movements are needed for another year.
Targets:
* September next year only we accelerate up, leaving the current price channel . Potentially we see lower lows as we test our long term channel.
* Longterm, as our moving average seeks the channel support, we move up again to reach 130k in 2021
These predictions confirm my earlier trend analysis.
Make sure to have your HODL funds already in BTC -0.27% for the long run, and keep some cash for buying the dip as well!
Note
Hovering over 3200 support line and approaching bottom of channel. It’s likely we remain inside the channel.Note
Almost at bottom of channel. Long-term this is a great moment to accumulate!
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