If price stays up in the 5000's longer, the 50 MA will cross the 200 MA. This will be a alarm bell that Bull Market is starting soon, although last cycle, we had 2 Golden Crosses in a row. The first one was a bull trap, and made a capitulation candle. It was a great chance to have low buy orders filled right before the start of the bull run.
Although what's happening now is happening sooner than last cycle, the patterns are still the same. Timing is not going to be exact, but eventually, the 50MA will be above the 100 MA, which will be above the 200 MA providing a solid foundation for moving up. That combined with mass adoption, and the maturing of blockchain tech, I believe price will move up faster than 2015. Get in now while you can!
Although what's happening now is happening sooner than last cycle, the patterns are still the same. Timing is not going to be exact, but eventually, the 50MA will be above the 100 MA, which will be above the 200 MA providing a solid foundation for moving up. That combined with mass adoption, and the maturing of blockchain tech, I believe price will move up faster than 2015. Get in now while you can!
