Best Bitcoin price prediction tool. When to buy or sell BTC?
BTCUSD currently fell more than 40% from June highs. This was predictable and for future decision making for long term buys and sells of BTC this tool is very useful it is called "Exponential Moving Averages Ribbon". This analysis covers time period from July 2018 till October 2019 previous time periods was not selected due to over exited crypto market.As you can see there were three time periods of long consolidation (marked by blue boxes below). Before those consolidations you would always get EMA crossovers and EMA consolidations these indicators were reliable signals of the direction where next price move will be.
- First inversion before consolidation had a false reverse, but quickly came back and showed bearish signal on how the consolidation will work it self out.
- Second recurrence of EMA inversion and consolidation showed bullish signals and as Mr. Donald Trump would say "paid of "bigly"
- The most recent EMA crossover started to happen on August 21 and entered bearish consolidation period on September 4th.
Next time for long term swing buys look at this chart and wait for EMA crossovers then consolidation (and by consolidation I mean EMA consolidation) and position yourself accordingly.
*Don't forget that no single indicator is enough to make investment or trade decisions get all the information you can and then place your bets. Be patient.
If you like my writings give it a like and a follow for future content
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.