There are a number of reasons, even just in this chart, to be buying and holding Bitcoin right now. This is obviously, Just my opinion and NOT ADVICE Before I explain why, it should also be remembered that the Real world Fundamentals right now can turn this all up on its head, so ALWAYS have a plan for Every outcome
So, the main chart shows a number of figures in Blue Boxes and they show an uncanny similarity to current BTC PA and that of 2012/13 When I mention a number of days, refer to the Left and right sides of the chart The first number of 266 days is the number of days from the ATH to when the 50EMA ( red) went under the PA The second number of 84 days is the number of days till the 50 came back up to test PA as resistance ( was a Wick up 1st time on left) The thrid number of 427 days is how long the 50 stayed below the PA, till it rose back above. https://www.tradingview.com/x/HqDdNMnF/
This has been IDENTICAL this time round as can be seen on the chart. If this follows through, the next ATH Will be in 784 days from when the 50 rose back above
Another thing that I am watching happily is the MVMR Z-score inductor. The Z score ( Orange ) is uncanny in its accuracy at showing BTC Tops and Bottoms https://www.tradingview.com/x/cgjWGDJ6/ The green "Puddles" are the bottoms and as you can see, once we have lifted out of them, it is VERY rare for it to drop back below that "waterline" again till after a ATH. As we can also see on this chart, direct to a ATH is not for sure but if you bought the bottom, you will remain in profit. The MVMR is also about to cross the "Neckline", rejection is a possibility here so we are Still all guessing but things do look optimistic
Over all, along with MA's all looking good, we seem to be leaving a bear market and some on chain data begins to supports this but we may have some Volitile times ahead. Trade safe
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.