For the past 2 years I have been learning and trading reading a lot of articles on fundamentals and TA.
There is always a back and forth between the markets sentiments: BTC is bearish, no BTC is bullish, but no, it is actually bearish and on and on and on. A lot of traders dont really know!
The monthly chart for BTC tells another story.
Even though, there is a lack of historical data, we can still rely on what indicators give us.
Since its inception, MACD has never been below zero and it is, at the time of writing, still above the 0 line. It is probably gonna cross soon. On the weekly chart, MACD is also about to cross above the 0 line
MFI and RSI, on the monthly, cross the 55 mark and going up. All that point to a huge momentum.
In the basket, we can now add the fundamentals. Slow adoption, slow institutional investors entering the market, futures contracts and derivatives, regulations, hash rate, halving, number of wallets....
BTC has only known an exponential growth.
BTC is bullish and has never really been bearish yet. What we have experienced were only retracements.
BTC will become bearish but this time is way ahead of us and until this happens...fills your bags!
There is always a back and forth between the markets sentiments: BTC is bearish, no BTC is bullish, but no, it is actually bearish and on and on and on. A lot of traders dont really know!
The monthly chart for BTC tells another story.
Even though, there is a lack of historical data, we can still rely on what indicators give us.
Since its inception, MACD has never been below zero and it is, at the time of writing, still above the 0 line. It is probably gonna cross soon. On the weekly chart, MACD is also about to cross above the 0 line
MFI and RSI, on the monthly, cross the 55 mark and going up. All that point to a huge momentum.
In the basket, we can now add the fundamentals. Slow adoption, slow institutional investors entering the market, futures contracts and derivatives, regulations, hash rate, halving, number of wallets....
BTC has only known an exponential growth.
BTC is bullish and has never really been bearish yet. What we have experienced were only retracements.
BTC will become bearish but this time is way ahead of us and until this happens...fills your bags!