Ninjastic
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Board Speculation
Re: Next target 40-42k area before new ATH? See 2 year moving average
by
AliMan
on 24/02/2021, 23:57:43 UTC
Quote from: Bossian on Today at 08:04:39 AM



Green line is 2 year moving average, red line is 2 year moving average x 5.

This pattern is very interesting if we compare it to 2017 bull run, it would mean right now we could be in July-September 2017 repeat, meaning huge move on the upside in the next few months?

Also, this chart is very interesting because it indicates once we overtake the red line, the rise in price is very sudden and very sharp and a big crash follows after that. And bear in mind that those 2 lines always go up so the red line could very well be around 80k once we go above it. So, 150k-200k looks very achievable but then a big dump is likely.
The bigger the pump, this is also a potential dump when whales got an idea behind this analysis. Indeed, predicted values is really great achievement when perfect time will come, but $100k upward is really difficult because of several speculations that affects the growth of btc. I'd would wish $20k will come back then we will buy more asset before top price predictions happens.