First and foremost on this second trading day of 2023, the TradingShot team would like to wish everyone on this community a Happy New Year, may each and everyone's goals be achieved!
2022 ended, took a whole of negative fundamentals with it (war, LUNA, FTX) and closed the yearly candle in (deep) red. As you see on this 12M (12 month) time-frame, Bitcoin (BTCUSD) had another two red 12M candles throughout its history and naturally those were the Bear Cycle years. Three green yearly candles followed after 2014 just as another three after the 2018 Bear Cycle candle.
Technically, the year that follows the red 12M candle is a recovery candle that hits and closes around the 1W MA100 (yellow trend-line). That level is currently at 37627.10 and running flat (sideways). Do you expect history to repeat itself following the 2022 Bear Cycle candle and close 2023 around $37k before the Bull Cycle really takes off?
Feel free to let me know in the comments section below!
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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2022 ended, took a whole of negative fundamentals with it (war, LUNA, FTX) and closed the yearly candle in (deep) red. As you see on this 12M (12 month) time-frame, Bitcoin (BTCUSD) had another two red 12M candles throughout its history and naturally those were the Bear Cycle years. Three green yearly candles followed after 2014 just as another three after the 2018 Bear Cycle candle.
Technically, the year that follows the red 12M candle is a recovery candle that hits and closes around the 1W MA100 (yellow trend-line). That level is currently at 37627.10 and running flat (sideways). Do you expect history to repeat itself following the 2022 Bear Cycle candle and close 2023 around $37k before the Bull Cycle really takes off?
Feel free to let me know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!