Hi everyone,
Thank you for considering reading my idea.
Here we have, as well all know, TWO POSSIBILITIES: (a) If we're on a bear market or; (b) we are STILL in the middle of the bull market. Who knows? Nobody. What actually matters is Bitcoin's price movement in the future. There are LOTS of great TAs but some of them may be based on their biases. They want it to go up for gains or they're just really bearish to accumulate more Bitcoin at lower prices. Either way, we should all be prepared for what Bitcoin will do next and make great TAs to navigate the market on what will MIGHT happen in the next minute, hours, days, weeks, or months.
Here's what we need to look forward to in the NEXT FEW WEEKS.
Let's start with the Bearish Scenario:
If we continue trading below 20MA in the next few months, we will get our death cross and Bitcoin's price may be LOWER than the 50MA before the death cross happens. See 2013 and 2017 bullruns. For those who're new out there, a death cross (see orange arrow) is when the 20MA crossed downwards the 50MA. From there, we will likely get rejected the 50MA until the price reach the 200MA.
Now, with the Bullish Scenario:
We need to pump like hell to prevent the death cross. See 2013 and 2017 bullruns where the death cross happened months after the peak is reached. But how do we know what price we should pump everyday to prevent this death cross? According to Benjamin Cowen on his recent video about Bitcoin's Death Cross and how to avoid it, the data suggests that we need to pump $800 every day to avoid the death cross (starting June 5 GMT+8). It's not necessary to pump exactly $800 every day but on average, it needs to be $800. For example, on day 1, we pumped $400 only but on day 2, we pumped $1200. For more explanation, you may want to check him out on YouTube.
To safely navigate the market and prevent biases, check out Alessio Rastani also on YouTube. These 2 analysts are one of the best imo on YouTube so I recommend for you to check them out if you have not.
For my TAs, if we're going to continue this bullrun or we're currently on a bear market, please see my analyses on the Related Ideas below.
Like this idea and follow me for more analysis like this.
Cheers,
Juvs
Thank you for considering reading my idea.
Here we have, as well all know, TWO POSSIBILITIES: (a) If we're on a bear market or; (b) we are STILL in the middle of the bull market. Who knows? Nobody. What actually matters is Bitcoin's price movement in the future. There are LOTS of great TAs but some of them may be based on their biases. They want it to go up for gains or they're just really bearish to accumulate more Bitcoin at lower prices. Either way, we should all be prepared for what Bitcoin will do next and make great TAs to navigate the market on what will MIGHT happen in the next minute, hours, days, weeks, or months.
Here's what we need to look forward to in the NEXT FEW WEEKS.
Let's start with the Bearish Scenario:
If we continue trading below 20MA in the next few months, we will get our death cross and Bitcoin's price may be LOWER than the 50MA before the death cross happens. See 2013 and 2017 bullruns. For those who're new out there, a death cross (see orange arrow) is when the 20MA crossed downwards the 50MA. From there, we will likely get rejected the 50MA until the price reach the 200MA.
Now, with the Bullish Scenario:
We need to pump like hell to prevent the death cross. See 2013 and 2017 bullruns where the death cross happened months after the peak is reached. But how do we know what price we should pump everyday to prevent this death cross? According to Benjamin Cowen on his recent video about Bitcoin's Death Cross and how to avoid it, the data suggests that we need to pump $800 every day to avoid the death cross (starting June 5 GMT+8). It's not necessary to pump exactly $800 every day but on average, it needs to be $800. For example, on day 1, we pumped $400 only but on day 2, we pumped $1200. For more explanation, you may want to check him out on YouTube.
To safely navigate the market and prevent biases, check out Alessio Rastani also on YouTube. These 2 analysts are one of the best imo on YouTube so I recommend for you to check them out if you have not.
For my TAs, if we're going to continue this bullrun or we're currently on a bear market, please see my analyses on the Related Ideas below.
Like this idea and follow me for more analysis like this.
Cheers,
Juvs
