Bitcoin Has Been Bullish For Over 1 Year!
Bitcoin Bullish For 13 Months Straight
Despite a couple of deep corrections so far this year, Bitcoin has been bullish for over 13 months straight!
As we can see above, if we use the MA Cross as our guide, it went bullish on around October the 16th 2016, and hasn't looked back since then.
We've had 2 major corrections so far this year (the China-ban one probably being the largest), but this still wasn't enough to give Bitcoin a sell signal on the weekly chart.
How long will it last?
No idea! I've been expecting a correction for a while now, and it refuses to happen, but even another correction may not be enough to give a sell signal on the weekly chart following the MA cross.
Proof "HODL" Works?
The other thing this seems to demonstrate is the power of "HODLing". We've seen some crazy price swings over the past year, sometimes drops of 1000's of dollars in a matter of minutes.
But long-term? This just goes to show you that Bitcoin keeps rising, and isn't showing any signs of giving a sell signal - at least not on the weekly MA cross - anytime soon.
NOTE: Things change, and a bad piece of news could obviously change all of that.
Thanks for viewing!
Not investment or financial advice,
Nice year for those who invested in October 2016
Very nice @artz! :-)
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