Re: Two & Four Year MA's Claim It's Time To Accumulate Bitcoin
OP updated with latest screenshot, not much to add from December 2019 analysis: the accumulation zone remains between the 2 & 4 Year MAs.
While price notably closed a Weekly candle below the projected 4 Year MA, this was nothing more than a fakeout and buying opportunity as previously suggested.
Given the current 2015 fractal comparison, it's possible that another re-test of the 4 Year MA (or close to) will occur, but also not necessary given the differences in price action.
While price notably closed a Weekly candle below the projected 4 Year MA, this was nothing more than a fakeout and buying opportunity as previously suggested.
Given the current 2015 fractal comparison, it's possible that another re-test of the 4 Year MA (or close to) will occur, but also not necessary given the differences in price action.