Bitcoin is about to witness its 4th all time 200 ema/ma cross on the 3D timeframe. The previous three are highlighted and have each proved a major market pivot for the coming price action. You tell me, is this time different?
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As a side note! Please remember that despite the common opinion descending triangles generally break to the upside (53%)! Also, if the descending triangle is lead into from below (like this one) the breakout upward sky rockets to 63%! This is according to bullkowski. So, we could obviously breakout either way but the odds favor the bulls! Have a great week everyone :)
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Volume oscillating right at historically all time lows on the weekly. Very interesting
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the cross has happened on stamp. In the last bull market stagnation and sideways movement continued for another 31 bars...that would be another three months! Let's hope it doesnt turn out like that! In the previous bear market the cross ushered in a crash much sooner. Perhaps we will get action soon but who knows.
@AlphaTrader_, I am simply looking a history! It could go either way!
aklang
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thanks
hermandlo
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Everyone is expecting a dramatic move with this bull /bear flag , falling wedge, asymmetrical, descending whatever. It will a dull couple months and bounces under 20k til halving ...keep accumulating
hermandlo
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Nice input ty!!!
.....DCA and watch fiat implode
aklang
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hope so,otherwise it'll hurt
TEXAGG22
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@aklang, if we move back below the 200 daily simple ma and it doesn’t get bought up instantly I will admit we have big problems.
hermandlo
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@aklang, buy more if goes lower...you got all the time in world...just watching warren Buffett gen die off.
CryptoBullet
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Btc will go there. But I have to say that we will see 15k next month