This study utilizes the bands on the NMACD indicator with the purpose of determining Bitcoin's price stability.
We see that the narrower NMACD gets, the more stable the price of BTCUSD becomes. Also the distance from bottom to top (bull market) gets longer each time. This suggests that Bitcoin does indeed follow the fine parabolic parameters and at some point will become asymptotic. This in turn indicates that until that price stability is reached, BTC has another 2 bubbles to give at least.
Speculating that far into the time line is of course prone to a great deal of error but with the technical data at hand, that's a fairly reliable pattern that long term Bitcoin investors can work on and at the very least provides some food for thought.
If you wish to look deeper into how the increasing length of each bull cycle dictates the price action and can lead to $100,000, click below:
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
We see that the narrower NMACD gets, the more stable the price of BTCUSD becomes. Also the distance from bottom to top (bull market) gets longer each time. This suggests that Bitcoin does indeed follow the fine parabolic parameters and at some point will become asymptotic. This in turn indicates that until that price stability is reached, BTC has another 2 bubbles to give at least.
Speculating that far into the time line is of course prone to a great deal of error but with the technical data at hand, that's a fairly reliable pattern that long term Bitcoin investors can work on and at the very least provides some food for thought.
If you wish to look deeper into how the increasing length of each bull cycle dictates the price action and can lead to $100,000, click below:
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
