A Long term, monthly TF analysis. March '20 "Covid" crash may have slowed things: as you see Parabolic SAR has still to flip (again).
Anyway, provided price stays above (green) historical support, bitcoin is still on track for a year long bull run.
Ignition of the hyphotetical rally likely to be bound to a confirmed monthly Parabolic SAR reversal ( > 12800$ on monthly close ).
DYOD, enjoy.
Anyway, provided price stays above (green) historical support, bitcoin is still on track for a year long bull run.
Ignition of the hyphotetical rally likely to be bound to a confirmed monthly Parabolic SAR reversal ( > 12800$ on monthly close ).
- Colored squares = Phases: Rally = Blue, Correction = Red, Consolidation = Yellow.
- Vertical red bars = halving dates.
- Long term Trend support = Green trendline.
- Overall price envelope = upper / lower dashed band
- Hash Ribbons / Capitulations = red arrows
DYOD, enjoy.
Note
Watch these levels along next weeks.Note
Hash Ribbons still looking healthy:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.