At the moment everyone is talking about a total crash
but if you compare the past,
then this course is also a possibility.
I don't think it's going to be one-to-one
but consider this course to be a realistic one.
Especially when you consider that there are currently purchases,
like coming from El Salvador.
Overall, I wouldn't overrate this purchase,
but with all the panic, at least it's a signal.
With the chart I only want to show a pattern/possibilities
and learn more about the possibilities of technical analysis myself.
Since charts can also be overloaded with indicators,
I have limited myself to EMA 50, EMA 200, RSI and MACD.
- Death Cross between EMA 50 and EMA 200
- 4 steps drops EMA 50
- highlight EMA 50 drops red background
- RSI all time low on 4 hour chart
Some will now say that I only used indicators that reflect emotional behavior
and that is true, but trading is also largely driven by emotions for many.
Should BTC take one of the 3 paths, it almost doesn't matter which way BTC goes,
in my opinion there will be a long-term bullish path sooner or later.
Please never forget that nobody can predict the courses beforehand, otherwise we would all be rich
and the money would no longer have any value if there were only winners. Paradoxical but true.
Not financial advice, just my opinion.
Since I mostly only follow English accounts on Twitter , I also write here in English,
so please forgive me my Google-Translator-English. (The message should still be clear)
but if you compare the past,
then this course is also a possibility.
I don't think it's going to be one-to-one
but consider this course to be a realistic one.
Especially when you consider that there are currently purchases,
like coming from El Salvador.
Overall, I wouldn't overrate this purchase,
but with all the panic, at least it's a signal.
With the chart I only want to show a pattern/possibilities
and learn more about the possibilities of technical analysis myself.
Since charts can also be overloaded with indicators,
I have limited myself to EMA 50, EMA 200, RSI and MACD.
- Death Cross between EMA 50 and EMA 200
- 4 steps drops EMA 50
- highlight EMA 50 drops red background
- RSI all time low on 4 hour chart
Some will now say that I only used indicators that reflect emotional behavior
and that is true, but trading is also largely driven by emotions for many.
Should BTC take one of the 3 paths, it almost doesn't matter which way BTC goes,
in my opinion there will be a long-term bullish path sooner or later.
Please never forget that nobody can predict the courses beforehand, otherwise we would all be rich
and the money would no longer have any value if there were only winners. Paradoxical but true.
Not financial advice, just my opinion.
Since I mostly only follow English accounts on Twitter , I also write here in English,
so please forgive me my Google-Translator-English. (The message should still be clear)