I have made this chart to show that even though Bitcoin is dropping we are still in a parallel channel. Until this is definitely broken I have to conclude that we are still in a bull market. We could continue to drop even more down 22% and still be in a bull market.
The 50 Week Simple Moving Average is red line to use gauge whether you should get out or not. It a clear stop loss for this entire bull cycle.
Do you guys agree let me know ??
How are you protecting to the downside ?
The 50 Week Simple Moving Average is red line to use gauge whether you should get out or not. It a clear stop loss for this entire bull cycle.
Do you guys agree let me know ??
How are you protecting to the downside ?
My name is Crypto Andy and I am crypto trader and enthusiast.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My name is Crypto Andy and I am crypto trader and enthusiast.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.