BTC Trend Analysis & What We Can Expect
Updated
Looking at the short term trend using the 8 ema , every time there was a monthly close below it, a dip followed. If history repeats itself and this isn't a generational top, then perhaps a flash to 20 and a few months to get back above the ema . Higher peaks were followed by longer corrections. We could see a brief few months below the 8 ema . Maybe even see sideways action at or above the 8 ema by mid year 2022. A monthly close above the 8 ema after hitting target is succeeded by a bullish parabola.
Note
Nailed it!! Bottom starts forming here as capitulation has happened already. If looking for a long you can always wait for a "weekly" close above the 8 ema with RSI at 50 for confirmation.
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.