Where Bitcoin Is In The 2014 Bear Market ?
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So again this is just for fun, just to have an idea of where we could be in the 2014 bear...
We can see an interesting comparison with 3 important indicators on the BTC monthly chart : The 21 EMA (purple line), The RSI and The MACD. The 21 EMA is acting as support, The RSI is at 55 and the MACD is starting crossing... This happened in 2014-08-01 and this is happening again right now (2018-07-09).
Stay tuned for more updates,
Fred
#2014VS2018
#BTCisKing
We can see an interesting comparison with 3 important indicators on the BTC monthly chart : The 21 EMA (purple line), The RSI and The MACD. The 21 EMA is acting as support, The RSI is at 55 and the MACD is starting crossing... This happened in 2014-08-01 and this is happening again right now (2018-07-09).
Stay tuned for more updates,
Fred
#2014VS2018
#BTCisKing
Nota
So just to update you guys with this interesting chart comparing 2014 and now ; BTC cracked the 21 EMA, the monthly RSI is at 46 and at it's lowest point in 2014 RSI was at 44... And the MACD if you compare now to 2014 indicate that we would have our bottom if it does like the 2014 bear market.You won't really be able to see these updates even if you click on play on this chart so go check it on trading view to see by yourself.
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