Will the 2014 and 2018 scenarios happen again?
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Take a look at the 2014 and 2018 scenarios
The following 4 things happened
1- Confirmed downtrend
2-Price squeeze for 4 months between the smoothed moving average of 30 and 50
3- RSI level = 57
4- And after that, break down smoothed moving average 50 and bearish crossover of VI
In the current scenario, items 1, 2, and 3 have occurred, and the VI oscillator appears to be ready for bear crossover.
The conditions seem to be similar in 2014 and 2018. Will a similar scenario occur?
