Could this be the break out? The end of the bear market? Or is it too early because we did not return to the mean yet.... We have resistance on the 50 and 100 week EMA outside the log trend line. To me, return to the mean is still in play. I am afraid that this can turn in a bull trap in the coming weeks. The only thing that worries me is the increased total...
Same same but the opposite. 2019 chart is inverted scale.
Crash of 2015: Bitcoin trading was 208 weeks old and the bottom was on the 200 weekly MA. (Red line) Crash of 2019: Bitcoin trading is around 440 weeks old, bottom on 400 or 450 weekly MA ??? (Green line = 400 week MA) I think that it makes sense that the bottom of the crash is on the mean of the complete period of trading bitcoin, right? Please share your...
Herewith a comparison from the 2015 despair situation and the current one. Bumping on the 200 week MA, troubles with the 50 day MA and EMA. Horizontal pivot point lines in black. Diagonal log lines on weekly closing candle points. But this time.. It will be different... ;)
Hello everybody, Unfortunately the 50 day MA is very resistive, as it was on 14 November... (orange) Also we are close to the weekly log line (former support) of low closing candle points from februari, which could we a resistance. (red diagonal line) The good bullish thing is that we are very close to the 200 weekly MA (green line) and building up a small...
NASDAQ 200+300 monthly MA are the bottoms during market CRASH For determining the bottom, check the 200 + 300 monthly moving averages. The 2000 crash was bottomed on the 200 MA montly. The 2008 crash was bottomed on the 300 MA montly. At this moment there's a lot of crashing room downwards.
BTC bull run starts when 200 day MA and 200 week MA meet
BTC bounced on the closing bar of the beartrap, the first bear trap in the bull run that's not on the mean in the lineair chart. See below.
LOG trend lines used because of long time frame and big price difference between start and end position.
Close up current situation on log chart trend lines and recent decline.
BTCUSD is currently in despair fase of the market cycle, a head and shoulders is forming which will take it to around 5200 and maybe even the MEAN in green. It will not go above the MEAN it will drop back to at least around 4000 USD where is a log line support.
I believe log trend lines play in important role in crypto land. The current despair to almost 3000 usd took place after breaking the purple long term log trend line. Just as it has in 2014/2015. We could need a double bottom just above 3000 to get back into the medium term channel. But the outbreak and test of the short term channel looks good.
Log chart long term trend line analysis Two main bubbles, third one in the making? Will history repeat it self? Why not? Please leave your comments below. Thank you
It looks like BTC is broken out en tested the top of the downward channel.