BTC Bubbles Bottom Below the 20 Months Moving Average
Updated
Bitcoin monthly chart.
Every time BTC went in bubble territory (see RSI) it topped and it didn't find a bottom until it breached the 20 months moving average and reached a level approximately 50% below it.
I'm excluding March 2020 flash crash (the DSS also suggests that was a special occurrence)
Every time BTC went in bubble territory (see RSI) it topped and it didn't find a bottom until it breached the 20 months moving average and reached a level approximately 50% below it.
I'm excluding March 2020 flash crash (the DSS also suggests that was a special occurrence)
Trade closed manually
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.