Hi! I welcome you again!
I like it simple. I like it fun. Let me show you!
On the monthly chart of Bitcoin there is only 1 line. And it is plenty enough. It is 20 month Simple Moving Average. This line shows the shift between the bull and the bear market. When we are above it, bull market is here, when below, bear market starting.
In October 2018 we entered the bear market and hibernated there till May 2019. Since then we are again in a bull market, even with this last months crash. We never fell and stayed below 20 MA, just pierced it with a few wicks.
And what is happening right now is very important. And fun :) Last month we closed below the 20 MA. The shock. The horror. But we never followed through with the next candle! This month we came back above it. And imo, created a massive bear trap that could propel ous much higher in the coming months!
I told you it was fun :) Or will be at least. First, lets see how this months candle close!
Feel free to like, agree or disagree! Any comment is appreciated! Cheers!
I like it simple. I like it fun. Let me show you!
On the monthly chart of Bitcoin there is only 1 line. And it is plenty enough. It is 20 month Simple Moving Average. This line shows the shift between the bull and the bear market. When we are above it, bull market is here, when below, bear market starting.
In October 2018 we entered the bear market and hibernated there till May 2019. Since then we are again in a bull market, even with this last months crash. We never fell and stayed below 20 MA, just pierced it with a few wicks.
And what is happening right now is very important. And fun :) Last month we closed below the 20 MA. The shock. The horror. But we never followed through with the next candle! This month we came back above it. And imo, created a massive bear trap that could propel ous much higher in the coming months!
I told you it was fun :) Or will be at least. First, lets see how this months candle close!
Feel free to like, agree or disagree! Any comment is appreciated! Cheers!
