Spread graphs assist precision in determining key resistance & support levels. Current economic conditions aren't promising for such volatile/unregulated assets. It is critical to point out the heavy sells over the last year matched the timing of the Russo-Ukrainian war, the rise in the cost of living, the natural end of the bull cycle* and etc. At times of stable quietness (placidity), we should expect financial assets to return towards their equilibrium valuations.
The 2 blue downward-sloping channels have the same gradient and similar attributes. For both the anticipated bull run began after breaking out of the middle (grey, semi-lines) line. Moreover, due to the magnitude of last year's sales, the current strength of the breakout is instinctive.
The top pane represents the correlation coefficient between cryptocurrencies and safe heavens. Their natural negative correlation implies that at peaks of the indicator large momentum in one direction is expected. RSI (pane below) may assist to speculate which direction the short-term/long-term trend is going.
The arrow path is based on BTC's historic breakout from 2019 (1st downward-sloping blue channel)
Thanks again
The 2 blue downward-sloping channels have the same gradient and similar attributes. For both the anticipated bull run began after breaking out of the middle (grey, semi-lines) line. Moreover, due to the magnitude of last year's sales, the current strength of the breakout is instinctive.
The top pane represents the correlation coefficient between cryptocurrencies and safe heavens. Their natural negative correlation implies that at peaks of the indicator large momentum in one direction is expected. RSI (pane below) may assist to speculate which direction the short-term/long-term trend is going.
The arrow path is based on BTC's historic breakout from 2019 (1st downward-sloping blue channel)
Thanks again
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.