Monthly Bull Market Signal
Unlocking the Secret Signal for Bitcoin Bull Markets: Monthly Charts Unveiled!
Greetings, crypto enthusiasts! Today, I’m about to unveil a powerful bull market signal that has repeated itself consistently throughout Bitcoin’s history. It’s a signal that’s about to come into play once again, and we’re here to break it down for you. Get ready for a deep dive into Bitcoin on the monthly chart, where we’ll explore the magic of moving averages – the linchpin for both seasoned investors and traders, whether you’re in it for the short or long haul.
The Power of Zooming Out
In the world of crypto investments, spotting reliable signals is a game-changer. And what better way to do that than by zooming out and harnessing the wealth of data offered by monthly charts? So, let’s dive right in.
The 11-Exponential Moving Average vs. the 22
The secret sauce lies in the crossover between the 11-exponential moving average and the 22. It’s a relatively rare event, but when it occurs, it’s like a beacon signalling a shift in the market’s direction. Here’s how it works: when the blue line (11 EMA) crosses over the green line (22), it signals the onset of a bear market. Conversely, when they cross again, it indicates the market is entering the expansion phase, transitioning out of the bear market, and ultimately entering a bullish phase.
History Repeats Itself
Let’s take a stroll down memory lane. In 2015, we witnessed a crossover leading us into a bear market. Then, in 2019, a quick crossover paved the way for capitulation, followed by a recross that fueled a tremendous pump. Notably, as we soared to $69,000, there was no subsequent crossover, even during the tumultuous times of the COVID pandemic.
The Exciting Outlook
Fast forward to the present, with the 2021 bull market high in our rearview mirror. We observed the crossover around July 2022, marking the depths of the bear market. Now, the thrilling part is upon us: we’re on the verge of a crossover between these critical moving averages, signalling the next phase of the Bitcoin bull market cycle.
What Lies Ahead?
Now, you might be wondering, how high can Bitcoin go this time? While each cycle has its unique nuances, they tend to rhyme with the past. The future looks promising for a continuation of the upward trajectory.
In conclusion, the monthly chart’s powerful signal of the 11 EMA crossing over the 22 has historically guided investors through the turbulent waters of the crypto market. As we stand on the brink of the next crossover, excitement mounts about the incredible potential of the upcoming Bitcoin bull market. Keep an eye on those charts and get ready to ride the crypto wave!