BTC Daily Technical Analysis: Will we have in 2023 the same scenario as 2015 or 2019?


After Bear Market of 2014 and 2018 we had the year after (2015 and 2019) a break out by the top of the MM 50 and the top of the Ichimuku cloud in 3D which is Bulish.

But in both cases (2015 and 2019) we returned to the bottom of the cloud and MM 50 except with a different time interval:

- In 2015 the price remained 39 days above the cloud before going downstairs and looking for the 61.8% of fibo

- In 2019 after 156 days at the top of the cloud, we went down to find the 79% fib in the OTE area.

I think we are on the road of 2015, to move below the MM 50 in 3D and the cloud of Ichimuku, and after looking for the OTE zone between the 61.8% at 79% of FIBO, therefore between the 18.5K at 17k

Except that the cycles are not repeated in the same way, maybe this time we will go lower than the last low at 15.5K given the macro !!!

 

- The year of 2015: https://www.tradingView.com/x/kfa4r0gb/ 

b55a46ee86b74b8345773b7bb4caef2bb81aff115ef0c24cd2595573ddcd8745.png

 

- The year of 2019: https://www.tradingView.com/x/phemmppn/ 

ce0e1518928373fbae79a6b709e291d057a6a00b1f860805473f31fe6d2d2f99.png

 

- The year of 2015: https://www.tradingView.com/x/bo9szw1k/ 

3ab3c06897cfc379ae6d00292b7a0c21125f3088b332c19ced4034db1def0e9b.png

 

 

 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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