I found this very interesting today on the monthly chart, everytime we lost the ema12 we visited or wicked below the ema55
the vertical lines are everytime the bitcoin halvings have happened and we are due for the 2024 halving in 2024!
This does not mean we wont pump before then, imo it is going to be a slow climb up towards the halving!
Now you need to take into consideration that the weekly time frame is telling us $22k is on the table and can also wick below that as well.
The stochastic indicator when we are above region it means we are oversold and we are in the below region it means we are oversold, so as you can see
now bears are exhausted and everytime we have been overbought on the monthly we have had a pump after!
the vertical lines are everytime the bitcoin halvings have happened and we are due for the 2024 halving in 2024!
This does not mean we wont pump before then, imo it is going to be a slow climb up towards the halving!
Now you need to take into consideration that the weekly time frame is telling us $22k is on the table and can also wick below that as well.
The stochastic indicator when we are above region it means we are oversold and we are in the below region it means we are oversold, so as you can see
now bears are exhausted and everytime we have been overbought on the monthly we have had a pump after!
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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.
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.