It is rather interesting to take a look at the monthly logarithmic chart of Bitcoin. History never repeats but often rhymes as they say.
From the movement of the Consensio moving averages (3,7,30) and the Wavetrend oscillator we can reasonably assume that the macro market is currently at around the point where it had been in 2015 April and 2019 March. These were the moments where the 3MA has started to consolidate toward the 7MA under the 30MA.
Upon the bullish cross of these two moving averages, and the confluent confirmation on the Wavetrend Oscillator the market has started to elevate in both cases.
Will this time be the same? I do not know. Do I see a chance for that? Definitely.
From the movement of the Consensio moving averages (3,7,30) and the Wavetrend oscillator we can reasonably assume that the macro market is currently at around the point where it had been in 2015 April and 2019 March. These were the moments where the 3MA has started to consolidate toward the 7MA under the 30MA.
Upon the bullish cross of these two moving averages, and the confluent confirmation on the Wavetrend Oscillator the market has started to elevate in both cases.
Will this time be the same? I do not know. Do I see a chance for that? Definitely.