Search This Blog

Monday, February 20, 2023

Bitcoin ready for super Moves

Bitcoin ready for super Moves

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

This chart is a Monthly and so, to many extents, moves take a long time to play out BUT it is easy to see how Bullish BTC PA has become.
The previous 2 "Cycles" have all had very similar day spans and there is little reason to assume the same will not play out again.
We have reached the "normal" 80% pull back - this does not mean PA will rise from here but is unlikely to drop to much further but we could still visit trendline
It is the MACD that really paints a bright future. It is turning from Bearish to Bullish - as I mentioned, this is a Monthly chart so takes time but THIS is an Excellent time to buy Bitcoin and just HOLD it, either in a cold Wallet or staked - it is unlikely that you'll be buying BTC to much cheaper.

Via TradingView Ideas

No comments: