Orriginal

Bitcoin ready for super Moves

BITSTAMP:BTCUSD   Bitcoin
This chart is a Monthly and so, to many extents, moves take a long time to play out BUT it is easy to see how Bullish BTC PA has become.
The previous 2 "Cycles" have all had very similar day spans and there is little reason to assume the same will not play out again.
We have reached the "normal" 80% pull back - this does not mean PA will rise from here but is unlikely to drop to much further but we could still visit trendline
It is the MACD that really paints a bright future. It is turning from Bearish to Bullish - as I mentioned, this is a Monthly chart so takes time but THIS is an Excellent time to buy Bitcoin and just HOLD it, either in a cold Wallet or staked - it is unlikely that you'll be buying BTC to much cheaper.

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.