Preparing For BTC's Upcoming Bull Run - Possible Buy/Sell Areas
BTC has been in an ascending channel that's been in tact since 2013. Historically, when BTC is above the midline (dotted), it's probably an ideal place to sell. Hopefully, at the very top of the channel.
Whenever BTC falls below the midline and the 200 MA crosses above the 50 MA, this looks like an ideal place to buy. Confirmation would be the MA 50 crossing back over the 200 MA on these downturns to signify an incoming rally.
Considering timeframes, last time BTC went past it's ATH, it triggered an aggressive ~300 day run. We are currently at day 18.
Food for thought.
This isn't financial advice, just documenting my ideas.
Whenever BTC falls below the midline and the 200 MA crosses above the 50 MA, this looks like an ideal place to buy. Confirmation would be the MA 50 crossing back over the 200 MA on these downturns to signify an incoming rally.
Considering timeframes, last time BTC went past it's ATH, it triggered an aggressive ~300 day run. We are currently at day 18.
Food for thought.
This isn't financial advice, just documenting my ideas.
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