mycotoxin

BTC - Monthly graph shows repeating behaviour

mycotoxin 已更新   
BITSTAMP:BTCUSD   比特币
This is the BTC monthly graph. The green line is the MA20 and the yellow line is the MA50 .
On the Bottom is the stochastic .

If we remove the MA20 and MA50 add just add the MA13 we get the following graph

now if we combine the MA13 and the MA50 we get the following graph .
What is important to note on this graph below is when the MA13 and MA20 cross
there is a capitulation down to the yellow line which is the MA50

if we look at the stochastic it also shows that when the MA13 and MA20 cross on the Monthly
BTC drops below the Bottom of the stochastic line. if we look at where BTC is on the monthly for confirmation it shows
BTC is currently almost at the bottom of the stochastic
评论:
From the graphs when the MA13 and M20 cross on the monthly it takes another month or two for BTC to hit the ultimate bottom. Hence Im expecting BTC will bottom out in the next month or two and the target will be around 20 k .

This behavior also repeats itself every 4 years as on the graph below it shows this pattern occurred in 2014, 2018 and now 2022
评论:
For BTC to be Bullish , the green line on the stochastic will have to cross over the red line with both lines pointing upwards . This will indicate a bull run .
Currently the red line has crossed over the green line on the stochastic and both lines are pointing downwards indicating bearishness .

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