What you are beholding is a nuanced portrayal of an inverted Bitcoin and Relative Strength Index (RSI) chart, with the intricacies of the divergences meticulously delineated. Currently, Bitcoin majestically floats above the critical threshold of the 200-day moving average. If one were to cast their gaze back to the bull market of 2017, it becomes evident that the price customarily maintains its dignity above this line.
My prognosis is that we are on the precipice of a robust bull market, as a time-tested, 70-year success indicator transformed my stance from bearish to bullish on the 1st of February.
This chart represents the S&P 500, the formidable bastion of the American economy. The green vertical demarcations are instances where a 20% decline was followed by a surge of 9.33 points beyond the 200-day moving average. This pattern has held true in all but one instance since the 1950s - the anomaly being the unexpected onslaught of the Covid pandemic. If the significance of this is not immediately apparent, allow me to clarify: this is a harbinger of sustainable upward momentum.
I extend my gratitude to all participants in this financial game of chess. As the night descends, I bid the bears a good night.
My prognosis is that we are on the precipice of a robust bull market, as a time-tested, 70-year success indicator transformed my stance from bearish to bullish on the 1st of February.
This chart represents the S&P 500, the formidable bastion of the American economy. The green vertical demarcations are instances where a 20% decline was followed by a surge of 9.33 points beyond the 200-day moving average. This pattern has held true in all but one instance since the 1950s - the anomaly being the unexpected onslaught of the Covid pandemic. If the significance of this is not immediately apparent, allow me to clarify: this is a harbinger of sustainable upward momentum.
I extend my gratitude to all participants in this financial game of chess. As the night descends, I bid the bears a good night.