BTCUSD is currently making the biggest decline of 2019, having pulled back by more than -25% since last week's High. Even though the 1W bullish trend is intact (RSI = 68.528, MACD = 1367.700), 1D neutral (RSI = 51.683) and about to turn bearish (Highs/Lows = -54.6254).
A quick comparison of the current 1D parabola with the parabolic behavior of the previous bullish cycle (on the 1W time frame) shows some similarities both on the candle action and the RSI pattern.
According to the 2018 candle action, the price should pull back near the last red candle before the peak (was 6000 then, is 9000 now) and then consolidate within a Descending Triangle, cross the MA50 sideways before making a final dive to touch the MA200. That test marks the rebound and continuation of the long term bullish trend.
The time frames are of course different but the similarities of the parabolic behavior quite obvious. At this stage buying those 2 dips should work well on the long run.
A quick comparison of the current 1D parabola with the parabolic behavior of the previous bullish cycle (on the 1W time frame) shows some similarities both on the candle action and the RSI pattern.
According to the 2018 candle action, the price should pull back near the last red candle before the peak (was 6000 then, is 9000 now) and then consolidate within a Descending Triangle, cross the MA50 sideways before making a final dive to touch the MA200. That test marks the rebound and continuation of the long term bullish trend.
The time frames are of course different but the similarities of the parabolic behavior quite obvious. At this stage buying those 2 dips should work well on the long run.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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Telegram: t.me/investingscope
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
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
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。