RealMcafee

Bitcoin (BTCUSD): end of 10-year cycle chart

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BITSTAMP:BTCUSD   Bitcoin
The fall below the 200 WMA (weighted moving average) adds more credence to the idea that 2017 was the end of a larger 10 year cycle, although the drop could be a minor blip like 2012 my bias says otherwise. It is impossible to tell objectively. That is why I average in and out.

200 WMA in purple

If this is an end of cycle scenario, we will fall far below the 200 MA but still have a strong support at 4 to 5k. The bounce when it comes will take the bears by surprise just like it did in February. We will bump up and down for years (potentially decades) to come - possibly with diminishing returns. Enjoy.
Yorum:
Remember those big a$$ pump/dump wicks just before major sell off? This chart may still be in play. Keep fiat handy, just saying.

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.