Next 12 weeks decide the fate of Bitcoin for a very long time
Bitcoin is soon at the cross roads. Either it reverses the trend during the next 3 months, which could lead to a very strong uptrend, or it simply continues the current long-term trend direction, which is the well known downtrend.since the bubble peaked in early 2014. I'm taking a wait and see approach until I have an idea if the bulls or bears are winning this crucial battleground.
P.S. On my chart is my new indicator: "Moving Average Cross Alert, Multi-Timeframe (MTF)", which works best on weekly charts with default settings. (You can get it here:
tradingview.com/script/bcWGvngm-Moving-Average-Cross-Alert-Multi-Timeframe-MTF-by-ChartArt/)
P.S. On my chart is my new indicator: "Moving Average Cross Alert, Multi-Timeframe (MTF)", which works best on weekly charts with default settings. (You can get it here:
tradingview.com/script/bcWGvngm-Moving-Average-Cross-Alert-Multi-Timeframe-MTF-by-ChartArt/)
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