Golden cross. Cheating. False reversal of the market.
Comparison of cycles of the BTC. Golden cross. Cheating False reversal of the market.
BTC Comparison of two cycles. Golden cross. Is it too early to “turn”? His thoughts laid out on the chart.
In 2014-2015 discharge from the market to the lowest point of the price -84% 412 days
In 2018 plums from the high of the market to the lowest point of the price of the same 84% but 364 days.
The U-turn in 2015 took place only with 3 trips to the "ceiling" with the intersection of 50 MA 200 day (golden cross). We at the moment did not even test the resistance of the current “ceiling” of resistance of 6 thousand. Although the "golden cross" may soon take place. But this will not mean a reversal of the market, as they can for example make a false breakdown and back under a 200 day MA. In the past, as now, with every local turn and hae they trumped about the “real turn” of the market and “that there will be no more such prices,” well, they got who believed the second bottom as a gift.
The last cycle from the market to breaking through to the present reversal lasted 700 days. At the moment we have only 498 days. Can it really still be too early for a reversal?) No volume ... I do not believe in reversal. I think we will see very low prices. The global crisis and the fall in the stock market will do their work.....
Locally, I watch Bitcoin in the long to 5500-6000 thousand, but globally, I think we will see very low value of the price that I indicated on the chart.
BTC Comparison of two cycles. Golden cross. Is it too early to “turn”? His thoughts laid out on the chart.
In 2014-2015 discharge from the market to the lowest point of the price -84% 412 days
In 2018 plums from the high of the market to the lowest point of the price of the same 84% but 364 days.
The U-turn in 2015 took place only with 3 trips to the "ceiling" with the intersection of 50 MA 200 day (golden cross). We at the moment did not even test the resistance of the current “ceiling” of resistance of 6 thousand. Although the "golden cross" may soon take place. But this will not mean a reversal of the market, as they can for example make a false breakdown and back under a 200 day MA. In the past, as now, with every local turn and hae they trumped about the “real turn” of the market and “that there will be no more such prices,” well, they got who believed the second bottom as a gift.
The last cycle from the market to breaking through to the present reversal lasted 700 days. At the moment we have only 498 days. Can it really still be too early for a reversal?) No volume ... I do not believe in reversal. I think we will see very low prices. The global crisis and the fall in the stock market will do their work.....
Locally, I watch Bitcoin in the long to 5500-6000 thousand, but globally, I think we will see very low value of the price that I indicated on the chart.
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