The Secret Bitcoin Marketmaker is back! Showing us another hidden MA analysis in beautiful colors showing us the much awaited bottom!
Thank you my man and don´t get caught!
Lol.
Jokes aside...
This monthly chart is showing me that after each MA support is established Bitcoin Bull explodes and goes to moonland. This Bull Run is then followed by a Bear Run where Bitcoin Breaks that very same MA support and moves on to make support on the next MA in line (that are most commonly used)
Explained:
MA 5: BTC Support Established - Bull Run - Bear Run - Support Breaks - New Support MA 20
MA 20: BTC Support Established - Bull Run - Bear Run - Support Breaks - New Support MA 50
MA 50: BTC Support Established - Bull Run - Bear Run - Support Breaks ???? - New Support MA 75 OR MA 100 ????
???? = Have not happened yet
As history shows bitcoin has followed this pattern in the past and there´s a chance he will again.
One crazy thing is my last Bitcoin Monthly chart also showing a striking resemblance of historical recurring patterns fits with the SAME BOTTOM as this chart and that chart has nothing to do with MAs
Reference to chart:
BUT as we all know there´s absolutely no guarantee any of these charts bottom will/must happen.
We identify patterns with good probabilty and follow them with the risk management with which one is personally comfortable with, what else can we do?
Maybe bottom is in, who knows....
Thank you my man and don´t get caught!
Lol.
Jokes aside...
This monthly chart is showing me that after each MA support is established Bitcoin Bull explodes and goes to moonland. This Bull Run is then followed by a Bear Run where Bitcoin Breaks that very same MA support and moves on to make support on the next MA in line (that are most commonly used)
Explained:
MA 5: BTC Support Established - Bull Run - Bear Run - Support Breaks - New Support MA 20
MA 20: BTC Support Established - Bull Run - Bear Run - Support Breaks - New Support MA 50
MA 50: BTC Support Established - Bull Run - Bear Run - Support Breaks ???? - New Support MA 75 OR MA 100 ????
???? = Have not happened yet
As history shows bitcoin has followed this pattern in the past and there´s a chance he will again.
One crazy thing is my last Bitcoin Monthly chart also showing a striking resemblance of historical recurring patterns fits with the SAME BOTTOM as this chart and that chart has nothing to do with MAs
Reference to chart:
BUT as we all know there´s absolutely no guarantee any of these charts bottom will/must happen.
We identify patterns with good probabilty and follow them with the risk management with which one is personally comfortable with, what else can we do?
Maybe bottom is in, who knows....