Chart – BTC Projection (05-13-2022)

Gráfica – Proyección BTC (13-05-2022)

Attached is the 1-day chart of BTCagainst USD, at a focal price of $30,567 (own elaboration in Tradingview). We have received multiple inquiries regarding how to define if we are in a buy-accumulate moment of the main crypto asset. With the transparency that characterizes us, we explain how we technically identify this moment: we use the daily chart, as it is the most faithful in defining “trend”. To this, we apply one and two-year moving averages; the one-year moving average explains whether we are in the “bull” (price above) or “bear” market (below). The two-year moving average clearly shows us when the market is “overheated” (Japanese candlestick below) although the one above is a normal channel, whose edges are indicated by the relative strength index. Conclusion: the price is clearly below the two-year MA. time to buy-accumulate!