November 2018 Price trend Repeats 2022
Here is a BTC chart from November 2018 I have placed a chart replay cutoff at December 9 2018 to illustrate a concept in a future "to be" published idea.
BTC saw a falling knife trend starting Nov 8 2018 and the fallout stabilized on December 8th 2018 at the price of $3500.
It was a trend that was due to the breakdown in A/D failing to recover above the 0 line and as well this fact played role in volatility spiking dramatically concurrent to BTC price decline on November 8 2018.
The Daily 50 MA (Yellow) and 100 MA (Green) and 500 MA (Blue) showed a bear trend was in effect from August 30 2018. When price crossed under 50 MA, 100 MA and 500 MA.
It appeared to show a reversal on September 23 2018 and October 14 2018. But the price support of $6750 proved to be resistance.
From October 18th 2018 BTC A/D shows to struggle to hold a value above the 0 line. and in fact indicated otherwise that a downward direction of A/D was instilled in the market for BTC.
Check back in for a look at how this same trend plays out in year 2022
BTC saw a falling knife trend starting Nov 8 2018 and the fallout stabilized on December 8th 2018 at the price of $3500.
It was a trend that was due to the breakdown in A/D failing to recover above the 0 line and as well this fact played role in volatility spiking dramatically concurrent to BTC price decline on November 8 2018.
The Daily 50 MA (Yellow) and 100 MA (Green) and 500 MA (Blue) showed a bear trend was in effect from August 30 2018. When price crossed under 50 MA, 100 MA and 500 MA.
It appeared to show a reversal on September 23 2018 and October 14 2018. But the price support of $6750 proved to be resistance.
From October 18th 2018 BTC A/D shows to struggle to hold a value above the 0 line. and in fact indicated otherwise that a downward direction of A/D was instilled in the market for BTC.
Check back in for a look at how this same trend plays out in year 2022
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