So! I went back and analyzed the insanely bullish bitcoin market of 2017 with a question in mind. What was our average gain when the 9 EMA crossed the 21 EMA on a daily timeframe? The results were shocking, a whopping 125%!
Why did I do this? Well bitcoin is getting very close to its second cross of this kind during our new 2019 bull market and the results from the first one were pretty impressive, 75%! So let us just assume bitcoin is a little less bullish this time, maybe during this bull mania we only average 50-75% per cross? ok that is fine with me! Either way when this cross happens DO NOT SHORT. Join the bull party and lets make some dinero my friends.
All the best,
EZ
Why did I do this? Well bitcoin is getting very close to its second cross of this kind during our new 2019 bull market and the results from the first one were pretty impressive, 75%! So let us just assume bitcoin is a little less bullish this time, maybe during this bull mania we only average 50-75% per cross? ok that is fine with me! Either way when this cross happens DO NOT SHORT. Join the bull party and lets make some dinero my friends.
All the best,
EZ
Comment:
Comment:
My point? yes we are overextended a tad on lower time frames BUT that does not mean we can not continue to rally. I am fine with a pullback as well, but it doesnt HAVE to come.
My point? yes we are overextended a tad on lower time frames BUT that does not mean we can not continue to rally. I am fine with a pullback as well, but it doesnt HAVE to come.
Comment:
annnnd we have it. 9/21 ema cross on the daily confirmed.