🚨ATTENTION🚨
💥This in 1998 ended in 18 months of BULL MARKET but in 2007 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 the most important moving averages
🔹Then it recovered, moved 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 ABOVE the MOVING AVERAGES as in 1998
🔴Option 2: The price uses the MOVING AVERAGES as a CEILING and continues its drop as in 2007
