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Guapeva
May 1, 2023 6:03 PM

BTCUSD -> Similarities of bull market Long

Bitcoin / U.S. dollarBitstamp

Description

We can see many similarities in BTC chart while using some indicators.

- Gaussian Channel - during the bear market we cross it down (weekly time frame) after the peak and retest of its top.

- 20MA monthly - BTC is retesting it.

- EFI - precisely shows top and bottom with bullish divergence.

- 50% Fib correction happened.
Comments
arvine11
Nice view! much appreciate
Guapeva
@ArtfulDodger1974, there is a bearish scenario too. I agree on that. Long time mate. Cheers
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