BTC 2015 and 2022 200MA and 200SMMA
Bitcoin all time history index INDEX:BTCUSD
HISTORICALLY BASED ANALYSIS (2015-2020)
1) Both 200 length of MA and SMMMA was touched by once or twice before making a move up to another bullrun.
2) Let’s assume that the market will do the same on this upcoming move, around 17.5k-22k atleast (the price will adjust depends on the movement of the price.
3) This is just an assumption but could possible work through. All we can do for now is wait and not be hasty with our entries, though in long term perspective, WE ARE BULLISH!
#simpletradesetup
