Yesterday I looked into the importance of the 1D MA50 and how a potential test can affect Bitcoin:
That made me go a timeframe higher into 1W and search for clues on its own MA50. I found a very important cyclical pattern and I want to share it with you.
As you see during each of BTC's Cycles, when the 1W MA50 (blue trend-line) breaks above its All Time High (ATH), a very strong (parabolic) 1 year rally starts. Currently the price is testing that level (1W MA50), and even though it has been here and there since February, right now it is closer than ever to breaking it (its ATH). What is even more interesting, is that in the past, the price dropped a little before every 1W MA50 ATH break. Which is what happened two weeks ago!
What do you think? Is that pure coincidence or a bullish signal that we should take very seriously? Feel free to share your work and let me know in the comments section!
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Be aware of numbers, infamous 911: Drops at Nov 6 (116), Jan 16 (116), Aug 18 (2020) = 818 = 9/11= 0.818, Next potential windows Oct 16-19 (1016-1019), Nov... Hope to escape the 8-6 one day to reveal the code. Great chart.
@darwinco, Interesting. Could you plot this on a chart?
darwinco
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@TradingShot, It's hard because of fear, I love my life, it's real, help me escape the trap of 8-6 and fear, I'll share this the code, DM.
NilBalance
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I have never seen anyone as accurate, sure you may be off by a few days or a week but on a 1 week to 1 month time frame ( which you always stick to) you are always on the money. For those that are reading this you really need to consider the TS analysis!
TradingShot
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@NilBalance, Thank you for all the support Nil! I am not always accurate but as I say I try sticking to the long term trend and adapt accordingly. Not easy, we won't be profitable all the time but keeping a long-term horizon, we should end up with more profit than loss. That's trading!