November 2018 Price trend Repeats 2022
Here is a BTC chart from November 2018 I have placed a chart replay cutoff at December 9 2018 to illustrate a concept in a future "to be" published idea.
BTC saw a falling knife trend starting Nov 8 2018 and the fallout stabilized on December 8th 2018 at the price of $3500.
It was a trend that was due to the breakdown in A/D failing to recover above the 0 line and as well this fact played role in volatility spiking dramatically concurrent to BTC price decline on November 8 2018.
The Daily 50 MA (Yellow) and 100 MA (Green) and 500 MA (Blue) showed a bear trend was in effect from August 30 2018. When price crossed under 50 MA, 100 MA and 500 MA.
It appeared to show a reversal on September 23 2018 and October 14 2018. But the price support of $6750 proved to be resistance.
From October 18th 2018 BTC A/D shows to struggle to hold a value above the 0 line. and in fact indicated otherwise that a downward direction of A/D was instilled in the market for BTC.
Check back in for a look at how this same trend plays out in year 2022
BTC saw a falling knife trend starting Nov 8 2018 and the fallout stabilized on December 8th 2018 at the price of $3500.
It was a trend that was due to the breakdown in A/D failing to recover above the 0 line and as well this fact played role in volatility spiking dramatically concurrent to BTC price decline on November 8 2018.
The Daily 50 MA (Yellow) and 100 MA (Green) and 500 MA (Blue) showed a bear trend was in effect from August 30 2018. When price crossed under 50 MA, 100 MA and 500 MA.
It appeared to show a reversal on September 23 2018 and October 14 2018. But the price support of $6750 proved to be resistance.
From October 18th 2018 BTC A/D shows to struggle to hold a value above the 0 line. and in fact indicated otherwise that a downward direction of A/D was instilled in the market for BTC.
Check back in for a look at how this same trend plays out in year 2022
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.