Bitcoin: Comparing Last Post-bottom 1st Rise with Current One
Updated
OK, I felt compelled to make a chart labeling all the relevant points that came to my attention recently in order to predict bitcoin's next move.
I have included all key indicators that I personally have found helpful since I started this charting adventure around a year ago.
Main Points
+ bitcoin is oversold AF
+ everyone in the crypto world who wanted to buy bitcoin, has most likely bought it
+ the 21MA has historically been a key support during bull runs
+ past 1st rise post-bottom was 67%, this time was 71%
If you have any questions or comments, shoot them down below.
Cheers.
I have included all key indicators that I personally have found helpful since I started this charting adventure around a year ago.
Main Points
+ bitcoin is oversold AF
+ everyone in the crypto world who wanted to buy bitcoin, has most likely bought it
+ the 21MA has historically been a key support during bull runs
+ past 1st rise post-bottom was 67%, this time was 71%
If you have any questions or comments, shoot them down below.
Cheers.
Note
+ past 1st rise post-bottom was 67% of previous ATH, this time was 71%. Similar.Note
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