BitcoinUpdated BTCUSD - WARNING! Not for the faint-hearted!
As I was analyzing the price history of BTCUSD pair, I come across the Weekly chart of 2014-2015 time table.
As you can see in the chart presented, when the MACD crossed, all hell broke loose! FOR A YEAR!
It took a WHOLE YEAR before it recovered and then went parabolic AGAIN in 2017.
Now, we're here HOPING that the uptrend continues!
But truth be told, we are going to suffer the same fate!
If you do not want to lose money, you sell into fiat or hold on tight within AT LEAST A YEAR.
For me, I'm gonna have to switch back to forex.
At least I can sell short there. Or BitMex so that I can sell short the hell of this thing.
Anyway, may the odds be in our favor! *crossesfingers*
As you can see in the chart presented, when the MACD crossed, all hell broke loose! FOR A YEAR!
It took a WHOLE YEAR before it recovered and then went parabolic AGAIN in 2017.
Now, we're here HOPING that the uptrend continues!
But truth be told, we are going to suffer the same fate!
If you do not want to lose money, you sell into fiat or hold on tight within AT LEAST A YEAR.
For me, I'm gonna have to switch back to forex.
At least I can sell short there. Or BitMex so that I can sell short the hell of this thing.
Anyway, may the odds be in our favor! *crossesfingers*
Note
Note
That's the 2017 soon-to-be crash. Or should I say, beginning of the end. Daaaaamn! I HOPE I'M WRONG ABOUT THIS!
Note
Compare this to the monthly chart of BTCUSD pair. fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/charts/2017/07/1500577728_goudatulip.JPG
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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.