BTC & MA 135 - BIG News coming up
MA - 135 is proving to be Best Start point of Bull or bear market for BTC. We broke the line yesterday and currently holding above it.
Deeper analysis -
Bull news-
03 Oct 2012, Jul 15 2017, 15 Sep 2017, 04 Sep 2020 RSI at 30 and market start Hyper Parabolic Bull run.
Bear news -
20 Feb 2014, 16-28 Jan 2018, 01-18 Sep 2019
on 20 Feb14 RSI was at 30,
on 16-28 Jan18 and 01-18Sep 2019 RSI was showing no divergence .
Currently RSI showing same divergence as 17March and 24 March 2017, and it can start a Hyper parabolic movement.
If we see a fall like many suggesting till 41 and a day close below 47K it will be very bearish news as we can see a long accumulation phase which can range in between 24-35 and a bottom below 19K for a week or so and when MA comes below 30K we can see next bull run.
I am still bullish and think it should go till 150K this bull run and hope Total Crypto market cap going till 5.5-6T and total BTC cap at 2.4-2.7T.
but it would be no surprise if Total market falls till 1.2- 1.5 T and BTC cap falls in range of 0.5-0.7T.
Be cautious in coming week and observe daily close regularly.
Ps. Make your own analysis before investing. its not investment advice.
MA - 135 is proving to be Best Start point of Bull or bear market for BTC. We broke the line yesterday and currently holding above it.
Deeper analysis -
Bull news-
03 Oct 2012, Jul 15 2017, 15 Sep 2017, 04 Sep 2020 RSI at 30 and market start Hyper Parabolic Bull run.
Bear news -
20 Feb 2014, 16-28 Jan 2018, 01-18 Sep 2019
on 20 Feb14 RSI was at 30,
on 16-28 Jan18 and 01-18Sep 2019 RSI was showing no divergence .
Currently RSI showing same divergence as 17March and 24 March 2017, and it can start a Hyper parabolic movement.
If we see a fall like many suggesting till 41 and a day close below 47K it will be very bearish news as we can see a long accumulation phase which can range in between 24-35 and a bottom below 19K for a week or so and when MA comes below 30K we can see next bull run.
I am still bullish and think it should go till 150K this bull run and hope Total Crypto market cap going till 5.5-6T and total BTC cap at 2.4-2.7T.
but it would be no surprise if Total market falls till 1.2- 1.5 T and BTC cap falls in range of 0.5-0.7T.
Be cautious in coming week and observe daily close regularly.
Ps. Make your own analysis before investing. its not investment advice.