Hello everyone, first of all I would like to ask your LIKE and ask you to FOLLOW me to receive the notifications of my reviews here at tradingview!
I always try to bring quality content and different analyzes (you can see others in the related ideas below this post), with looks that deviate from the standards to demonstrate the various possibilities that technical analysis offers us.
So your support and your audience is very important to me and encourages me to continue with this work!
Lets go to what matters!
This analysis only takes into account three factors: Price, moving averages and time.
The 200MA in the weekly chart only starts in May 2014 so I used the 100MA and it also brings us very relevant information!
It's a comparison between the periods from 2013 to 2016 and the current period between 2017 and 2020. And this kind of information really makes me believe that we're already at the bottom before the next bull run, or very close to it.
You can see many similarities both in price movement and moving averages, you can check each of them in the text boxes included in the two charts.
In the left chart we have all price movements already performed in 2013-2016, in the right chart that corresponds to 2017-2020 we have a forecast from the vertical pink line where it was projected a possible price movement based on fractals and the same was done with moving averages.
In my view, all the information shown is very relevant and as the greatest scholars and thinkers of technical analysis cite, one of the main assumptions is "History repeats itself" and I have designed this idea based on that.
I sincerely hope you have enjoyed it and can somehow contribute to your training as a trader.
IF THIS POST REACHES 100 LIKES I'LL BRING YOU AN EVEN MORE COMPLETE LONG-TERM REVIEW, ELABORATED WITH OTHER INDICATORS AND DETAILS!
Speaking of “the bottom is here”, the intention is to quote that we are in the region of long-term reversal and any oscillation up to the region of $3000 is within the expected!
The bottom should be between $3200 (already reached) and $2800 and even now it's a great zone to start buying thinking in the long run using DCA (Dollar cost averaging).
Very nice fractal analysis on MA's. Not many look for MA fractals.
jure12
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Hi!
I appologise for posting it here but i dont know where else to go to get that information. I have an colege assigment and need pool answers from people that may actually benefit from my imaginary project. I would be very thankful if you could take a few seconds of your time to answer. It is only 3 questions long. questionpro.com/t/APBe8Zdy1l Thankyou and good luck!
Reply
Oh Man Shorts are getting loaded up again... Watch out bulls...BTC to 2400 says the experts... Shorts are really strong...Shorts are going ALL IN...Longs need to go ALL IN. This is epic battle between bulls and bears. Pass the popcorn
traderview2
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Great... We also have a beautiful Adam & Eve pattern being printed...
LiuTrader
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@traderview2, Yes, i’ve made a Adam&Eve analysis here:
longhornlove
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Add the 200 Ma and you will see something of interest.
LiuTrader
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@longhornlove, The 200 MA in the weekly chart only starts in May 2014, so I used the 100MA and it also brings us very relevant information!
Anyway thanks for your suggestion and comment.
Yiannis1110
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@longhornlove, I think you mean 200MA Daily. This one is weekly.
LiuTrader
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@Yiannis1110, No no... The 200MA on weekly chart, starts only in May 2014... Do you understand?