How can we confirm Bull Run❗️❓
Updated
Hi everyone👋
Today I want to show you how to confirm the Bull Run for Bitcoin and other cryptocurrencies. (Reading time less than 6 minutes⏰)
One of the indicators that clearly show the possibility of confirming the Bull Run for Bitcoin is the 2-Year MA Multiplier indicator, which was created by Philip Swift in 2017.
There are secrets hidden in the 2-Year MA Multiplier indicator, which I will reveal to you in this post.🔎
So stay with me.🤝
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🔔First, let's see what the indicator 2-Year MA Multiplier is.
The 2-Year MA Multiplier is a Bitcoin chart intended to be used as a long-term investment tool.
It highlights periods where buying or selling Bitcoin during those times would have produced outsized returns.
To do this, it uses a moving average (MA) line, the 2yr MA, and also a multiplication of that moving average line, 2yr MA x5.
Note: the x5 multiplication is of the price values of the 2yr moving average, not of its time period.
Buying Bitcoin when the price drops below the 2yr MA (green line) has historically generated outsized returns. Selling Bitcoin when the price goes above the 2yr MA x 5 (red line) has been historically effective for making a profit.
Why This Happens❗️❓
As Bitcoin is adopted, it moves through market cycles. These are created by periods where market participants are over-excited, causing the price to over-extend, and periods where they are overly pessimistic, where the price over-contracts. Identifying and understanding these periods can be beneficial to the long-term investor.
The 2-Year MA Multiplier indicator is a simple and effective way to highlight those periods.
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How we can confirm Bull Run and Secrets.😉
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🔎How can we confirm Bull Run❗️❓
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🎉Secrets:
First, I must say that to avoid clutter, I did not specify the percentages in the chart.😊
If you find a secret in the Bitcoin chart, be sure to share it with me in the comments. Thank you for being with me so far.❤️🌹🙏
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Bitcoin Analyze ( BTCUSD ), Monthly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Today I want to show you how to confirm the Bull Run for Bitcoin and other cryptocurrencies. (Reading time less than 6 minutes⏰)
One of the indicators that clearly show the possibility of confirming the Bull Run for Bitcoin is the 2-Year MA Multiplier indicator, which was created by Philip Swift in 2017.
There are secrets hidden in the 2-Year MA Multiplier indicator, which I will reveal to you in this post.🔎
So stay with me.🤝
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
🔔First, let's see what the indicator 2-Year MA Multiplier is.
The 2-Year MA Multiplier is a Bitcoin chart intended to be used as a long-term investment tool.
It highlights periods where buying or selling Bitcoin during those times would have produced outsized returns.
To do this, it uses a moving average (MA) line, the 2yr MA, and also a multiplication of that moving average line, 2yr MA x5.
Note: the x5 multiplication is of the price values of the 2yr moving average, not of its time period.
Buying Bitcoin when the price drops below the 2yr MA (green line) has historically generated outsized returns. Selling Bitcoin when the price goes above the 2yr MA x 5 (red line) has been historically effective for making a profit.
Why This Happens❗️❓
As Bitcoin is adopted, it moves through market cycles. These are created by periods where market participants are over-excited, causing the price to over-extend, and periods where they are overly pessimistic, where the price over-contracts. Identifying and understanding these periods can be beneficial to the long-term investor.
The 2-Year MA Multiplier indicator is a simple and effective way to highlight those periods.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
How we can confirm Bull Run and Secrets.😉
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
🔎How can we confirm Bull Run❗️❓
- Bitcoin has always been able to break the Downtrend lines upward before the start of the Bull Run = Mission accomplished✅
- To start the new phase of the Bull Run, Bitcoin must go below the 2 Years Moving Average, and then the green candle closes above the Moving Average (in the monthly time frame⏰).= Bitcoin has already completed the first phase of the Bull Run, i.e., the 2 Years Moving Average,✅ and to complete the confirmation of the Bull Run, the green candle above the 2 Years Moving Average needs to be closed.🔄(LOADING)
- To start a Bull Run, Bitcoin needs to create 4 green monthly candles (in a row) in the green area of the 2-Year MA Multiplier indicator = currently, Bitcoin has managed to create 3 green candles in a row, and the candle The month of April will close in about 15 days, and if it is positive or green, we can confirm this sign.🔄(LOADING).
- Crossing of the 6-Simple Moving Average (6-SMA) above the 12-Simple Moving Average (12-SMA) (Buy signal)= 🔄(LOADING). Please check the post below.👇
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🎉Secrets:
First, I must say that to avoid clutter, I did not specify the percentages in the chart.😊
- The percentage of Bitcoin price decline from an All-Time High(ATH) between two consecutive halvings has been around ➖80%.
- The recent movement of Bitcoin in these months is very similar to the movement of Bitcoin in the green zone between the halvings of 2012 and 2016, so that the duration of Bitcoin's presence in the green zone in these two movements can be exactly the same, i.e. 335 days. (If the candle of this month and the next month is green).
- If Bitcoin can create a green monthly candle above 2 Years Moving Average, it can grow by ➕50% before the halving of 2024, so it seems that the maximum price of Bitcoin can be around $ 50,000 before the halving in 2024.
- In previous periods, the green monthly candle closed above the 2-year moving average between 213 and 305 days before the next halving, so if Bitcoin wants to move like the previous two periods, we can expect the May or August candle to close above 2 Years Moving Average.
If you find a secret in the Bitcoin chart, be sure to share it with me in the comments. Thank you for being with me so far.❤️🌹🙏
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSD ), Monthly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Note
What is your idea, Does Bitcoin work like in previous periods?Note
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Note
This month's candle is very important for BitcoinNote
Bitcoin Road map (Daily Time frame).
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