BTC final shakeout + Hash Ribbons buy signal= 14000$? when?
A few days ago, I made several btc long-term trading charts
Now, I wanna provide one more bullish idea using the Hash Ribbons indicator (Hash Ribbons indicator is what I saw from another analyst, it is quite interesting!)
Let's take a look at the past performance of the Hash Ribbons indicators
1, On May 10, 2012, there came a buy signal
2012-05-10 buy signal appeared, btc pumped 38%, 41 days
2012-06-22 buy signal appeared, btc dumped 10%, 7 days, then pumped 174%, 50 days
2. On February 04, 2013, buy signal appeared
btc pumped 1191% directly, 64 days
3. On January 29, 2015, another buy signal appeared
2015-01-29 buy signal appeared, btc dumped 13%, 8 days, then pumped 41% (price is below ma200)
2015-05-02 buy signal appeared, accumulation. (The price is below ma200)
2015-06-16 buy signal appeared, btc broke through the MA200, pumped 36%
4. On June 01, 2016, a buy signal appeared
btc pumped 101%, 125 days
5. The bargain-hunting signal appeared on January 11, 2019
btc dumped 10% first, 28 days, then pumped 316%, 138 days
6. The buy signal appeared on December 27, 2019
2019-12-27 There is a buy signal, btc dumped 5%, 6 days, then pumped 53%, 41 days (try to break through ma200)
2020-04-25 There is a buy signal, btc pumped directly by 35%, 12 days (try to break through ma200)
2020-07-12 The buy signal appears again. According to the above analysis, btc is likely to show a pullback between 6-15%, and then pump 30-200% or even higher. When the price runs above ma200, we can expect stronger increase! At the same time, according to my last point of analysis, the future pullback target is in 8700-8400$ range, which will hit bottom at the end of July.
No matter how I look at it, I am optimistic about the long-term btc market, and I even started to pick up more near 9050.
At present, the position pressure of btc9400$ is still very heavy.I personally hope that pullback first and then pump, but the market is unpredictable. Paying attention to the trend in the next 2 weeks, that is the time to win the initiative of the market outlook.
Now, I wanna provide one more bullish idea using the Hash Ribbons indicator (Hash Ribbons indicator is what I saw from another analyst, it is quite interesting!)
Let's take a look at the past performance of the Hash Ribbons indicators
1, On May 10, 2012, there came a buy signal
2012-06-22 buy signal appeared, btc dumped 10%, 7 days, then pumped 174%, 50 days
2. On February 04, 2013, buy signal appeared
3. On January 29, 2015, another buy signal appeared
2015-05-02 buy signal appeared, accumulation. (The price is below ma200)
2015-06-16 buy signal appeared, btc broke through the MA200, pumped 36%
4. On June 01, 2016, a buy signal appeared
5. The bargain-hunting signal appeared on January 11, 2019
6. The buy signal appeared on December 27, 2019
2020-04-25 There is a buy signal, btc pumped directly by 35%, 12 days (try to break through ma200)
2020-07-12 The buy signal appears again. According to the above analysis, btc is likely to show a pullback between 6-15%, and then pump 30-200% or even higher. When the price runs above ma200, we can expect stronger increase! At the same time, according to my last point of analysis, the future pullback target is in 8700-8400$ range, which will hit bottom at the end of July.
No matter how I look at it, I am optimistic about the long-term btc market, and I even started to pick up more near 9050.
At present, the position pressure of btc9400$ is still very heavy.I personally hope that pullback first and then pump, but the market is unpredictable. Paying attention to the trend in the next 2 weeks, that is the time to win the initiative of the market outlook.
Comment:
just test 9400$ again, if break, let's see 9600-9800-10000-10200$
