This is the deep that we have been waiting for. I know we about to enter a DEPRESSION, theres no recession this time. But Bitcoin will be the fastest horse to get back to all time high after the depression is over by 2035
While we can appreciate the power of hodling at a glimpse, take a closer look at the RSI and the higher lower trend formation. Probably nothing. =)
This is basically a continuation from my last chart. I stand strong with my prediction that we will see Bitcoin about $80,000 by Xmas.
The last time we witnessed a "Golden Cross" in the 13-34 MAs Bitcoin was at $5k with MACD n RSI oversold. As mentioned on my previews posts, I strongly believe that we have a very strong bullish months coming ahead of us. We all know that bitcoin likes to take off when the "Winter is Coming" and the price is at $50k-$60k. I am prepared to see a $80k-$90k Bitcoin...
MAs: Following the pattern of bitcoin taking a massive action whether it's for a correction or a bullish leg up after the MAs 13 & 34 crosses each other. In the chart we cant notice how the bullish case of this golden cross takes place when the MA 13 crosses above the MA 34. MACD: We can also notice how the MAs in the MACD are just getting above negatives....
I've noticed a pattern that has been very successful to me in past 5 years in crypto. I noticed that the last time we were oversold on the daily chart was when bitcoin was at around $4-$5k and also kissing the 200 MA. Now we are getting back to those bullish zones again where Bitcoin is kissing the 200 MA and RSI is oversold, mind you $btc still above $40k. I am...
As a day trader i've been watching a cup & handle being formed in the hourly chart. This is super bullish as BTC is on the edge of breaking 20k
I strongly believe that btc will keep bleeding if we don't break the green trend line. In my opinion the red trend line it's a good opportunity to buy as btc is being oversold in the RSI.