BITCOIN The last stand for Bulls. Failure will be catastrophic!
Bitcoin (BTCUSD) is getting at that point where, based on its previous two Cycles, will provide a decisive move in the next weeks, as presented to you on this 1W time-frame analysis. The three charts represent Bitcoin's three Bear Cycles: 2021/22, 2018/19 and 2014/15 as they appear from left to right.
The LMACD indicator (logarithmic MACD) is what makes most of the difference at this point we are at, as in the past three weeks, it histogram has broken above the 0.00 level for the first time since March. With the Bullish Cross also taking place in October and the red histogram ascending, all this is consistent with the phases of the past Bear Cycles right after their Bottom and right before a rally to the 1W MA50 (blue trend-line) took place.
The price hasn't yet broken above the 1W MA20 (orange trend-line) but the 1W MA50/100 Bearish Cross was formed last month and that was always past the Bottom of the previous Bear Cycles. As you see the 1W MA300 (red trend-line) was always the major Support during Bear Cycles.
Do you expect a strong rebound towards the 1W MA50 in the coming weeks as per this Cycle Comparison Analysis or a closing deep below the 1W MA300 will unleash catastrophic consequences? Feel free to let me know in the comments section below!
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The LMACD indicator (logarithmic MACD) is what makes most of the difference at this point we are at, as in the past three weeks, it histogram has broken above the 0.00 level for the first time since March. With the Bullish Cross also taking place in October and the red histogram ascending, all this is consistent with the phases of the past Bear Cycles right after their Bottom and right before a rally to the 1W MA50 (blue trend-line) took place.
The price hasn't yet broken above the 1W MA20 (orange trend-line) but the 1W MA50/100 Bearish Cross was formed last month and that was always past the Bottom of the previous Bear Cycles. As you see the 1W MA300 (red trend-line) was always the major Support during Bear Cycles.
Do you expect a strong rebound towards the 1W MA50 in the coming weeks as per this Cycle Comparison Analysis or a closing deep below the 1W MA300 will unleash catastrophic consequences? 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. **
-------------------------------------------------------------------------------
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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👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
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