Bitcoin PA and 50SMA
I have posted this idea before but it seems it has just been confirmed (for the moment)
The number of days PA spent below the 50 SMA since ATH is 434 and that is identical to the PA from 2013 fter that ATH. So similar in fact that PA came back up and tested the 50 as resistance 84 days after it went under on both occasions.
Not only this but PA went under the 50SMa 266 days after the ATH on Both occasions alsohttps://www.tradingview.com/x/rihatuBO/
And so now, as we csn see on the Ghosted PA on the current chart, PA has also followed the same trajectory near enough now that the resent
breakout is damn near on top of those candles.
Does this mean that PA will continue to follow ? NOPE but it maybe worth watching what happens when we break away from this as the Worlds fundamentals are very different from 2013 and will have an effect, maybe for the bigger gains ?
Aways trade safly and with a plan for both Bulls and Bears
The number of days PA spent below the 50 SMA since ATH is 434 and that is identical to the PA from 2013 fter that ATH. So similar in fact that PA came back up and tested the 50 as resistance 84 days after it went under on both occasions.
Not only this but PA went under the 50SMa 266 days after the ATH on Both occasions alsohttps://www.tradingview.com/x/rihatuBO/
And so now, as we csn see on the Ghosted PA on the current chart, PA has also followed the same trajectory near enough now that the resent
breakout is damn near on top of those candles.
Does this mean that PA will continue to follow ? NOPE but it maybe worth watching what happens when we break away from this as the Worlds fundamentals are very different from 2013 and will have an effect, maybe for the bigger gains ?
Aways trade safly and with a plan for both Bulls and Bears
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