bulgtrader2022-02-11

BTC similarities & analogies on technical indicators to last years correction in May-July '21

The focus of this Quicktake is on comparison of techincal indicators between the last years correction (May-July '21) and the current one. >> "CCI Commodity Channel Index" The comparison with the CCI is showing in the last years correction 4 oversold and 2 oversbought signals. For better representation, the signals are serially numbered according their occurence in the timeline. Comparing the CCI with current correction shows the same amount signals and the same serialization. >> "MFI Money Flow Index" In the last years correction, had one oversold and one overbought signal. Here like at the CCI comparison, the occurences of the signals are serialized. The same signals in the same order occur in the current correction. >> "Ichimoku Cloud" For simplification the lines are faded-out, so only the clouds are visibile. The last correction tested only one time the resistance zone with a final breakthrough. This is the last indicator which is currently not fulfilled (test of resistance).