Hello everyone,
I hope you are fine.
For my first analysis in English ( yes I'm french , so sorry if I do some mistakes when I write ) , I would like to show you the mysterious MA230.
Lot of people use chart analysis to compare our beark market with the bear market in 2014-2015.
So, let see what happened with the MA230 :
The bitcoin price start found the final bottom in 2015 when it entered in contact with the MA230.
If we do the same today, the bottom can be around 2900$ , between 2 key supports: 3000$ and 2800$
But : Maybe we do the same, but the general situation is not the same at all.
Too much people have been disappointed with a lot of ICOs and the 2017 bubble was too much relayed by mainstream media.
I expect the bear market will be more longer than the bear market in 2014-2015.
As the bear market in 2014-2015 has been more longer than the bear market of 2011.
Thank you all
I hope you are fine.
For my first analysis in English ( yes I'm french , so sorry if I do some mistakes when I write ) , I would like to show you the mysterious MA230.
Lot of people use chart analysis to compare our beark market with the bear market in 2014-2015.
So, let see what happened with the MA230 :
The bitcoin price start found the final bottom in 2015 when it entered in contact with the MA230.
If we do the same today, the bottom can be around 2900$ , between 2 key supports: 3000$ and 2800$
But : Maybe we do the same, but the general situation is not the same at all.
Too much people have been disappointed with a lot of ICOs and the 2017 bubble was too much relayed by mainstream media.
I expect the bear market will be more longer than the bear market in 2014-2015.
As the bear market in 2014-2015 has been more longer than the bear market of 2011.
Thank you all
Naïm Boubziz
