Post
Topic
Board Speculation
Re: How to Identify a bitcoin rally
by
GelatikKembar
on 17/02/2021, 22:13:38 UTC
Found this interesting piece that goes back into history and tries to identify why a rally will sustain or not -
Some valid points - some not so agreeable -  essentially gist is that institutional investors/backing is driving the rally - so as long as there are new ones, ( like the recent BNY Mellon ) , the rally will continue

https://pythoslabs.medium.com/why-bitcoin-is-here-to-stay-b4e9a032a0f9?sk=a06522d2191a6a821b78971e427494d0

indicators can identify bitcoin rallies, such as RSI, MA and MACD, yup that's what is called the golden cross, we know that the golden cross on the big MA on a large time frame has experienced a golden cross when the bitcoin price is below $ 10k, to be precise during the pre halving yes even though there is a shadow at the price of $ 3800 because many are panicking selling, bitcoin is still staying in its bullish zone, and now the price of bitcoin has reached 5x!