Bitcoin CCI weekly chart
Using the CCI indicator along with BMSB and the 200 ma I think now through feb of 2024 is a good time to accumulate. Based on the previous ath and market cycle it looks as if bitcoin may have bottomed. We will see a rise through the summer of 2023, before retesting the moving average(27K), roughly seeing a high of 45k. I would watch closing for the weekly close and if it is above 25k I would consider to deposit money, with a potential pull out in may-early june. I will continue to monitor these conditions and update with changes in the coming weeks.
this is NOT FINANCIAL ADVICE and comment if you agree/disagree or have any contributions. It would be appreciated as I continue learning about cryptocurrencies and market conditions.
(CCI is set to a length of 30)
this is NOT FINANCIAL ADVICE and comment if you agree/disagree or have any contributions. It would be appreciated as I continue learning about cryptocurrencies and market conditions.
(CCI is set to a length of 30)
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.