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I will start off quickly on our content. And I have to say that it's foolish to believe in so-called "Golden Cross" or "Death Cross."
The market happens too fast for what the MA shows us, and when it happens, the whole process is quite long. And sometimes it goes the opposite of what we see because we're in the process of producing those things, we're at a late stage and we're in the outcome stage.
What I want to tell you is that everything happens so fast for us to act. And obviously we had a very good bounce from the $ 3900 zone. The buying force is shown by the strong trading volume. On price itself, we have seen a strong bounce to Fibonacci 0.5. From here, I am confident that Bitcoin will continue to go up to $ 7500 - $ 8100 according to my experience and the market is showing a very strong buying force.
Take a look at this chart, I drew it on March 13. And we are accumulating in the MA100 - MA200 area of the week frame:
We are really still very well supported by the MA200 week frame and has similarities with 2015:
Here is a detailed comparison with the bottom of 2015, hopefully it brings an interesting perspective for you:
Here is the assumption if we follow the B&BR model:
And here is an explanation if we follow the parabolic pattern:
Everything I describe in detail through pictures, I will not explain too much with words.
Hope this article has brought a lot of value to you. Please like and share to support the author.
I will start off quickly on our content. And I have to say that it's foolish to believe in so-called "Golden Cross" or "Death Cross."
The market happens too fast for what the MA shows us, and when it happens, the whole process is quite long. And sometimes it goes the opposite of what we see because we're in the process of producing those things, we're at a late stage and we're in the outcome stage.
What I want to tell you is that everything happens so fast for us to act. And obviously we had a very good bounce from the $ 3900 zone. The buying force is shown by the strong trading volume. On price itself, we have seen a strong bounce to Fibonacci 0.5. From here, I am confident that Bitcoin will continue to go up to $ 7500 - $ 8100 according to my experience and the market is showing a very strong buying force.
Take a look at this chart, I drew it on March 13. And we are accumulating in the MA100 - MA200 area of the week frame:
We are really still very well supported by the MA200 week frame and has similarities with 2015:
Here is a detailed comparison with the bottom of 2015, hopefully it brings an interesting perspective for you:
Here is the assumption if we follow the B&BR model:
And here is an explanation if we follow the parabolic pattern:
Everything I describe in detail through pictures, I will not explain too much with words.
Hope this article has brought a lot of value to you. Please like and share to support the author.
Comment:
H8 Update - Bitcoin