Bitcoin and It's Events
Hey Everyone,
Elements of the Chart:
1. 3 Weekly Moving Averages
– 50 MA (Light Blue)
– 100 MA (Blue)
– 200 MA (Purple)
2. 4 Vertical Lines
– Black Line: Price under 50 MA After New ATH
– Red Line: 100 MA crosses 50 MA
– Green Line: 50 MA crosses 100 MA
– Orange Line: Bitcoin Halving
Things to Note:
1. All of these vertical lines occur in a sequence.
2. Price always touch 200 MA (Purple) after Black Line i.e. making a new ATH.
What 100 MA Cross 50 means?
It means that Bottom is in.
What 50 MA Cross 100 means?
It means that Bull Run is about to start.
When is 4th Bitcoin Halving?
Expected in March, 2024.
Where are we now?
1. Price has made a new ATH in November, 2021.
2. Price is under 50 MA after New ATH.
What is expected?
1. We are currently waiting for 100 MA to cross 50 MA.
2. Price to touch 200 MA.
Thanks for reading out the post.
