FederalXBT

6D Left Most Important Close of 2023 - Can BTC Hold The Line.ETF

Long
INDEX:BTCUSD   Bitcoin

3.49863 Years for the macro 4W RSI to make the bull signal cross after a bear.

Currently 3 Years and Bitcoin is on the border of this once again, one of the longest long term signals in its history.

This cross is actually lining up almost perfectly to the Spot ETF applications fairy tale or fate?

Either way if we go through turbulence for longer and Bitcoin does not fall back in line people get another half year to accumulate at very cheap pricing.

But if this does hold and strength is shown, this will reverse and it will reverse hard to the highlighted green box.

"The inefficiency of Bitcoin"
November 2016
https://www.sciencedirect.com/science/article/abs/pii/S0165176516303640

"R.I.P., Bitcoin. It’s time to move on."
January 19, 2016 at 6:45 a.m. EST
https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/

"Bitcoin (BTC) Price Fails To Recover – Is $17,600 Next?"
August 23, 2023
https://www.analyticsinsight.net/bitcoin-btc-price-fails-to-recover-is-17600-next/

"Paradise lost? How crypto failed to deliver on its promises and what to do about it"
Basel, 23 June 2023
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230623_1~80751450e6.en.html

"Bitcoin Can Rise to $2000 in January 2017"
DEC 09, 2016
https://cointelegraph.com/news/bitcoin-can-rise-to-2000-in-january-2017

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.