The question here is, if history repeats and how accurate it may be.
Well so far it has on two other occasions irrefutably along with the RSI.
As we can see here on the 5 day chart the 21 day yellow line crossed the 200 day purple line right on schedule. In previous history the 21 day cross came after the price bottom and had direct correlation with the RSI. The RSI then formed bull divergence and kicked off the next bull run. Looking at this bear market there is almost an exact pattern playing out with all of the indictors including divergence.
I also have linked another chart with similar evidence in as well.
Let me know what you think in the chat below.
How strong do you think historical data is?
Do you think it likely plays out ?
Is this time different?
*Always drink and invest responsible*
Well so far it has on two other occasions irrefutably along with the RSI.
As we can see here on the 5 day chart the 21 day yellow line crossed the 200 day purple line right on schedule. In previous history the 21 day cross came after the price bottom and had direct correlation with the RSI. The RSI then formed bull divergence and kicked off the next bull run. Looking at this bear market there is almost an exact pattern playing out with all of the indictors including divergence.
I also have linked another chart with similar evidence in as well.
Let me know what you think in the chat below.
How strong do you think historical data is?
Do you think it likely plays out ?
Is this time different?
*Always drink and invest responsible*
Transaction en cours:
Bitcoin has taken a strong rejection off the 5day 21day MA and has made a new low. This is of some concern as it has never happened in previous history and could mean lower price action is coming. Bitcoin must close this week above 18.1k to avoid the risk of this happening.
tiktok.com/@wearesat0sh1
