There was a critical move by bitcoin that changed the game. This should have a major impact going forward in alleviating concerns about following the pattern of 2014 bull market.
In the last article, the 2018 Bitcoin chart was following same pattern as 2014 Bitcoin chart. In 2014, Bitcoin was never above the 50-day moving average. We went above the 50-day moving average but retracted back below it. We have been bouncing off the 200-day MA as you see in chart. The bull run will start once we are able to break the 200-day MA. As you see, bitcoin is moving sideways, there will be several more attempts to this day to surpass the 200-day MA. History tells us when bitcoin rises above 200-day MA then it is off to the races. Stay tuned. Comment if you would like to know when the highest probability of breaking the 200-day MA? Not out of the woods yet should have one more dip but we have some “Hope” (Wall St. Cheat Sheet) now!