🚨ATTENTION🚨
💥This in 1998 ended in 18 months of BULL MARKET but in 2007 it ended in a FINANCIAL CRASH
💪With #Bitcoin the situation is DIFFERENT from that of the INDICES
What do I mean by this⁉️ Let me explain
👉In 1998, we saw a strong drop of 20%.
🔹The SP500 broke DOWN through the most important moving averages
🔹Then it recovered, went back above the moving averages, and we saw a GREAT bull market for 18 months
👉In 2007 the SP500 also had a drop of 20% and lost the MOVING AVERAGES
🔹The problem was that IT COULD NOT RECOVER THEM
🔹In this scenario, the SP500 continued its drop with another -20%
What can we expect in this situation⁉️
▪️The MOVING AVERAGES are one of the ways to qualify a TREND.
▪️If the price remains ABOVE them, it is considered a BULLISH TREND
▪️If the price remains BELOW them, it is considered a BEARISH TREND
🟢Option 1: The price RECOVERS and establishes itself ABOVE the MOVING AVERAGES like in 1998
🔴Option 2: The price uses the MOVING AVERAGES as a CEILING and continues its drop like in 2007