In today's BTC analysis I want to take a look at the relationship between the price of Bitcoin and it's 100- and 200-week moving averages.
Historically, once the price breaks the 100-week bearish after a bull-run, this also means that we're going to get more downside and the eventual capitulation.
2014 bear market
2018 bear market
Furthermore, the eventual capitulation towards the 200-week SMA also signaled the bottom of the bear market. Long-term investors might want to set up alerts once the price reaches the area around the 200-week SMA.
The above analysis in line with my most recent BTC analysis where I discuss my bearish outlook, see below.
Historically, once the price breaks the 100-week bearish after a bull-run, this also means that we're going to get more downside and the eventual capitulation.
2014 bear market
2018 bear market
Furthermore, the eventual capitulation towards the 200-week SMA also signaled the bottom of the bear market. Long-term investors might want to set up alerts once the price reaches the area around the 200-week SMA.
The above analysis in line with my most recent BTC analysis where I discuss my bearish outlook, see below.
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Penafian
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.