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RE: Once BTC closes above $14k on the monthly chart, it likely never looks back
That´s a huge indicator, and it might mean we start the rally to all-time highs sooner than expected.
That´s a huge indicator, and it might mean we start the rally to all-time highs sooner than expected.
It certainly looks like it may happen this year, and possibly within the next couple months.
Currently BTC is quite a lot overvalued, which means it has to crash at least once more before it can climb to all-time high. Last time it crashed, it got close to what its estimated value is against US dollar. I would say it needs to drop close to 6000 USD before it can try climbing to new all-time high..
That may very well be, and there are a lot of people calling for $6k-$7k. Personally, I don't think we get it. I think we are actually about to start our next parabolic move up within the next few weeks here...
Higher BTC climbs against USD, higher the sliding average also climbs, but it takes quite a long time for average to catch up... It might go up fast, but then it will also be a lot more likely it will crash harder afterwards... What we need is slow climb now so average slowly catches up...
Which average? 200 day average?
I always use EMA40 because it is the smallest that evens out spikes to smooth curve. It can show last 5 years in single graph.
On a weekly chart? Monthly chart?
Monthly chart is best for long-time analysis...