$BTC Simplest Chart - A Big Bull Awakening !?!
Güncellendi
Figuring out a trend shouldn't be too complicated with all the indicators and calculations and so forth. Sometimes you need to get rid of all that noise and look at things clearly. I just did that on this chart to see 
BTC's long-term trend. I used 91-day EMA, because it's exactly 1/4 a year (or 3 months or 13 weeks), but you can try with any long-enough-term period; 60, 150, 300 etc., it doesn't matter. They all give the same conclusions:
1. Long-term moving average has historically been a very reliable and accurate indicator ofBTC price trend. See how it consistently acted as support/resistance.
2.BTC is now above the long-term EMA and holding up there.
3. Perhaps most important, the long-term moving average (91d EMA in our case, but really go ahead and try with any number or calculation) has recently started going up again !
Now this is BIG! Of course there is always a chance the price fails to hold this level and resumes its downward movement. Or the trend -and the chart- is fucked up by some big news. Well, that's the risk we are taking so that we can gain :)
BUT IF IT HOLDS UP -and we have the signals that it can-, then you need to work your imagination a little bit to anticipate how that EMA line might curve :))
Greed is bad for investing, but it seems we are at a time even the greedy can benefit from.
Sharing this to help non-professionals who need clarity and inspiration, and money :) And also to watch together how this unfolds. I'm not a professional either but I have some experience :) Please always tread carefully as if you are walking around in an unfamiliar territory. Hope this helps someone.
BTC's long-term trend. I used 91-day EMA, because it's exactly 1/4 a year (or 3 months or 13 weeks), but you can try with any long-enough-term period; 60, 150, 300 etc., it doesn't matter. They all give the same conclusions:1. Long-term moving average has historically been a very reliable and accurate indicator of
BTC price trend. See how it consistently acted as support/resistance. 2.
BTC is now above the long-term EMA and holding up there. 3. Perhaps most important, the long-term moving average (91d EMA in our case, but really go ahead and try with any number or calculation) has recently started going up again !
Now this is BIG! Of course there is always a chance the price fails to hold this level and resumes its downward movement. Or the trend -and the chart- is fucked up by some big news. Well, that's the risk we are taking so that we can gain :)
BUT IF IT HOLDS UP -and we have the signals that it can-, then you need to work your imagination a little bit to anticipate how that EMA line might curve :))
Greed is bad for investing, but it seems we are at a time even the greedy can benefit from.
Sharing this to help non-professionals who need clarity and inspiration, and money :) And also to watch together how this unfolds. I'm not a professional either but I have some experience :) Please always tread carefully as if you are walking around in an unfamiliar territory. Hope this helps someone.
Not
I just wanted to say, in case anyone needed to hear it, that selling here is likely to be a big mistake but let's see
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.