BTC Road to 100k (IDEA)
Updated
Dear friends,
I understand it's been a turbulent period, with some challenging weeks for BTC. However, looking at it from a positive angle, in my observation of coin trends over recent years, I've noticed that when they undergo a death cross on the 8-day moving average (8MA) and the 30-day moving average (30MA), both the 8MA and 30MA typically dip below the 100-day moving average (100MA) to establish a new golden cross.
Best of luck!
I want to clarify that what I'm presenting does not constitute financial advice. My intention is simply to observe and share insights with you.
I understand it's been a turbulent period, with some challenging weeks for BTC. However, looking at it from a positive angle, in my observation of coin trends over recent years, I've noticed that when they undergo a death cross on the 8-day moving average (8MA) and the 30-day moving average (30MA), both the 8MA and 30MA typically dip below the 100-day moving average (100MA) to establish a new golden cross.
Best of luck!
I want to clarify that what I'm presenting does not constitute financial advice. My intention is simply to observe and share insights with you.
Note
If someone closely observes the monthly, weekly, and daily moving averages, they would comprehend why this scenario is quite feasible.The timing might vary, but in my view, it's essential for the Weekly 8Ma and 30Ma to create a death cross. Afterward, a golden cross on the weekly, intersecting with the monthly 8Ma, and wait for the emergence of a new monthly candle to propel the price to all-time highs.
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