Bitcoin's recent uptrend doesn't look finished, according to the last bull rally.
Both rallies had a golden cross of the 200-day and 50-day moving average, and each time resulted in an immediate ~10% crash.
After that, there was an enormous upside. Even both 'bottom' structures look extremely similar.
Both rallies had a golden cross of the 200-day and 50-day moving average, and each time resulted in an immediate ~10% crash.
After that, there was an enormous upside. Even both 'bottom' structures look extremely similar.
CoinChartist is run by Tony "The Bull", a level 3 CMT student & technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!