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erwinbruining

Bear market is almost over! But we will go down once more

Short
Bitcoin Liquid Index (BNC:BLX)  
erwinbruining  
BNC:BLX   Bitcoin Liquid Index
Chart Patterns Trend Analysis BTC Bearish Patterns Bullish Patterns short
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chartpattern trendanalysis btc bearish bullish short
I noticed something extremely interesting about this BTC chart. After every bear market, the price of BTC moves up to the 50 week MA and gets rejected. It fall back to the 200 week MA and bounce off. The interesting thing is the relation between the RSI resistance and the 50 week MA resistance. It is about to happen exactly the way it happened in the last 2 bear markets. Don't believe me? just watch

happy trading
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