بتكوينشراء
Bitcoin and the moving averages
I won't be dwelling too long on this as it is just an idea I have developed between yesterday and today.
However, MAs are used as dynamic supports and resistances during bull and bear markets.
When multiple MAs are spread out clearly, the underlying trend is strong. When they are squeezed together, high volatility is imminent, and when they are crossing each other multiple times indecision in the market.
To better understand, I have also gone back to the 2020 bull market start to compare the scenarios.
As I said multiple times, there is no doubt we are in the process to start a great bull run. However, here is the MAs chart to give you another angle to my view using a more conventional analysis tool.
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However, MAs are used as dynamic supports and resistances during bull and bear markets.
When multiple MAs are spread out clearly, the underlying trend is strong. When they are squeezed together, high volatility is imminent, and when they are crossing each other multiple times indecision in the market.
To better understand, I have also gone back to the 2020 bull market start to compare the scenarios.
As I said multiple times, there is no doubt we are in the process to start a great bull run. However, here is the MAs chart to give you another angle to my view using a more conventional analysis tool.
FOLLOW ME, SHARE, LIKE AND COMMENT
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