Bitcoin and the Inevitable
מעודכן
We can see that the market structure is very similar to the 2014 bear market, but it definitely has its differences. I believe that, over the past several weeks, BTC has rallied much quicker than expected due to the hype on Twitter/News and FOMO buying, as it is talked about much more than it was before 2017.
However, it is impossible not to see the similarities in structure. A high 30% decline would put us testing the 5100 support. I believe it is likely that we come to this, as BTC has moved upwards at an alarming rate. Further, the weekly Stoch RSI has been riding at 100 since mid-February and is about to break its record for most days spent consecutively above 90 on the weekly.
Hard to see anything other than a massive dumb coming within the next 14-35 days.
However, it is impossible not to see the similarities in structure. A high 30% decline would put us testing the 5100 support. I believe it is likely that we come to this, as BTC has moved upwards at an alarming rate. Further, the weekly Stoch RSI has been riding at 100 since mid-February and is about to break its record for most days spent consecutively above 90 on the weekly.
Hard to see anything other than a massive dumb coming within the next 14-35 days.
הערה
It has begun
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.