BTC and Nasdaq price chart analysis on the 3Day time frame (wicks removed).
A simple pattern comparison between Nasdaq 2008-2010 and BTC 2021-current, shows a peculiar similarity between the two patterns.
BTC appears to be a double top correction going into Wyckoff accumulation.
IMPORTANT
If the 3day 13 SMA crosses the 48 SMA up and both SMAs turn up, I will back up the truck, could take a while though.
I could also add other indicators such as custom buy sell signals and or MACD , Stochastic , RSI , to assist my decisions but this is a simple comparason.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
A simple pattern comparison between Nasdaq 2008-2010 and BTC 2021-current, shows a peculiar similarity between the two patterns.
BTC appears to be a double top correction going into Wyckoff accumulation.
IMPORTANT
If the 3day 13 SMA crosses the 48 SMA up and both SMAs turn up, I will back up the truck, could take a while though.
I could also add other indicators such as custom buy sell signals and or MACD , Stochastic , RSI , to assist my decisions but this is a simple comparason.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
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.
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.