$BTCUSD - Bitcoin Technical analysis - HISTORY REPEATS ITSELF !
Hello Everyone! Hope you are doing well. Wanted to show you something which is very simple yet very interesting.
Let us look at the Daily chart and put Daily Moving averages 50 and 100 and see what chart shows us. These 2 MAs have given us some of the best moves in history and i will explain how:
When 50 DMA (Orange line) crosses 100 DMA (Green line) upwards, it has always made a significant move. Details are as below:
1) 04th Jul'2015 - Bitcoin was at 260$ and it made a high of 316$ on 12th Jul'2015 (21% Gain)
2) 22nd Oct'2015 - Bitcoin was at 276$ and it made a high of 19891$ on 17th Dec'2017 (7106% Gain)
3) 06th Apr'2019 - Bitcoin was at 5049$ and it made a high of 138686$ on 26th Jun'2019 (171% Gain)
and It is happening again - "HISTORY REPEATS ITSELF" - 50DMA is crossing above 100DMA and rate currently is 9330$ (while publishing this idea)
How much higher we are going to go? Please do let me know your thoughts in comments below!
Also, please do Hit LIKE and FOLLOW button if this idea makes sense to you. Please do your research as well as this is not financial advice!
Thank you very much for all your support and love
Yo Crypto
Let us look at the Daily chart and put Daily Moving averages 50 and 100 and see what chart shows us. These 2 MAs have given us some of the best moves in history and i will explain how:
When 50 DMA (Orange line) crosses 100 DMA (Green line) upwards, it has always made a significant move. Details are as below:
1) 04th Jul'2015 - Bitcoin was at 260$ and it made a high of 316$ on 12th Jul'2015 (21% Gain)
2) 22nd Oct'2015 - Bitcoin was at 276$ and it made a high of 19891$ on 17th Dec'2017 (7106% Gain)
3) 06th Apr'2019 - Bitcoin was at 5049$ and it made a high of 138686$ on 26th Jun'2019 (171% Gain)
and It is happening again - "HISTORY REPEATS ITSELF" - 50DMA is crossing above 100DMA and rate currently is 9330$ (while publishing this idea)
How much higher we are going to go? Please do let me know your thoughts in comments below!
Also, please do Hit LIKE and FOLLOW button if this idea makes sense to you. Please do your research as well as this is not financial advice!
Thank you very much for all your support and love
Yo Crypto
