Today we will show how we believe this 2021 Bitcoin bull run is much more like 2013 bull run than 2017.
To understand that, first we will use the Bitcoin Golden Ration Multiplier Indicator inspired by @positivecrypto (Phillip Swift) 2019 Medium dot com article
This indicator shows valuable information of the end of bull-run using a 111 Day moving average (DMA)...
From the chart, we can see that, in the 2014 crash, it respected the 200 SMA weekly as a strong support line bouncing on that SMA four times in 2015 and then went up.
Now it has ben testing again the 200 SMA since last week and we are seeing a strong bounce since yersterday. We can expect then that it could be the reversal. Thoughts?