For months now i have been watching the similarities in BTC 0.29% 0.28% charts from the sustained bear market following 2014 highs to the current bear market.
Namely, I have been watching how price reacts with its 50 week moving averages.
If we line up the charts and compare the 2, it was about this time into the 2014-15 bear market that btc 0.29% 0.28% gave up its attempts at trading at or above its 50wk ema . from the time it closed above its 50ema until the next was 399 days.
This time around, the decline over last several months has not been as severe as the top chart and have been sideways more or less since june. (if we are looking at these larger time-framed charts)
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Let me be clear...i am not suggesting a repeat of 2014-15 chart action...I simply want to point out the similarities so that we are aware. Nothing more, nothing less. So, should this bear market continue, we have a possible guide as to how it may play out. Since, TA of course, is largely about certain patterns in the past repeating itself over time
*****
Namely, I have been watching how price reacts with its 50 week moving averages.
If we line up the charts and compare the 2, it was about this time into the 2014-15 bear market that btc 0.29% 0.28% gave up its attempts at trading at or above its 50wk ema . from the time it closed above its 50ema until the next was 399 days.
This time around, the decline over last several months has not been as severe as the top chart and have been sideways more or less since june. (if we are looking at these larger time-framed charts)
*****
Let me be clear...i am not suggesting a repeat of 2014-15 chart action...I simply want to point out the similarities so that we are aware. Nothing more, nothing less. So, should this bear market continue, we have a possible guide as to how it may play out. Since, TA of course, is largely about certain patterns in the past repeating itself over time
*****