Can see scenario where daily 50 MA and 200 MA meet as BTC does it's final find-a-bottom retest and establish as solid base in perhaps late Feb/March... no death cross... just a base and on to new highs.
The 50 MA (pink) will move down to meet 200 MA (red), but instead of death cross, we get a solid support touch at the same time BTC is finding it's new bottom support and then we establish the final base. Perhaps late Feb/Early March at latest? ... but could go to april. No one knows. we could also go to test ATH first... and then retrace... this is just a guestimate based on our past experience and thinking what sentiment was like at the $3000 to $1800 last drop (see circled area on left). Think back to how you felt and what media/others were saying back then and how it played out.
Also more importantly we have a monthly TDSA 9 perfect sell in Nov on Tone Vay's indictor and this month on Wall's Street's indicator so that means except a 1-4 month pullback.
This time it's different than 2013 because both PBT (parablic bubble runs) lasted 1/3 the time (think 60 days instead of 180 days for BTC now) and went up almost twice as far as now. Thus the 87% retracement. That's why this time we should only see up to a max 67% retracement. This aligns very well with 200 MA and previous trendline support of blue value channel.
The 50 MA (pink) will move down to meet 200 MA (red), but instead of death cross, we get a solid support touch at the same time BTC is finding it's new bottom support and then we establish the final base. Perhaps late Feb/Early March at latest? ... but could go to april. No one knows. we could also go to test ATH first... and then retrace... this is just a guestimate based on our past experience and thinking what sentiment was like at the $3000 to $1800 last drop (see circled area on left). Think back to how you felt and what media/others were saying back then and how it played out.
Also more importantly we have a monthly TDSA 9 perfect sell in Nov on Tone Vay's indictor and this month on Wall's Street's indicator so that means except a 1-4 month pullback.
This time it's different than 2013 because both PBT (parablic bubble runs) lasted 1/3 the time (think 60 days instead of 180 days for BTC now) and went up almost twice as far as now. Thus the 87% retracement. That's why this time we should only see up to a max 67% retracement. This aligns very well with 200 MA and previous trendline support of blue value channel.