BitcoinPanjang
It is time to buy Bitcoin again.
In prior bull markets Bitcoin usually made a local low when hitting its bull market support bands. Buying at the bull market support bands has been, once again, in this bull market since early 2023 a great strategy to build up your BTC bags. It, so far, has a hit rate of 100 %!
And once again Bitcoin is, right now trading at its lower bull market support band and yet again the sentiment has turned from euphoric to "it's going to zero".
So...is it going to be different this time? I personally highly doubt it, because, so far, the bull market support bands have worked wonders as entry signals in all bull AND bear markets.
What are the bull market support bands?
A weekly SMA with a lengh of 20 and a weekly EMA with a length of 21.
And once again Bitcoin is, right now trading at its lower bull market support band and yet again the sentiment has turned from euphoric to "it's going to zero".
So...is it going to be different this time? I personally highly doubt it, because, so far, the bull market support bands have worked wonders as entry signals in all bull AND bear markets.
What are the bull market support bands?
A weekly SMA with a lengh of 20 and a weekly EMA with a length of 21.
Penafian
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