Technical analysis by hikmetkahraman about Symbol BTC on 7/19/2022
*-*-*YTD*-*-*NOT INVESTMENT RECOMMENDATION*-*-*Dear friends Hello, I plan to write 2 articles this month. In my other article, I will share some interesting information. I suggest you follow and read it. Let's not be afraid this article will be short :) The general atmosphere in the market determines BTC, this is the pole of the ship. Research Read Following Training etc. The stock exchanges have always been discussed on the only important issue and the interpretation and predictions on the discussion have been taken in the direction of purchase and sale with comments and predictions. This is what traders and long valley. Both are the same. There is only one thing discussed and connected to the conclusion! It is also the original Trend. Our graph is two pieces. On the top screen, you see the value of Bitcoin against the USD USD. The red line is the Moving Average 200 line. Our graph is weekly. I marked the places we stayed under the 200 -week moving average line with round. Rectangular marking indicates a time interval that can be explained with the graph below. Alt The window is a very, very important graphics that most tradingView does not use, and the help of other sites. The first place where investors look at for BIST shares is a very important information (PD/DD). If the market value of a share is under the value of the book value, the investment can be made to Sokoar that stock. BTC neither property nor immovable property nor cash money in the bank. Therefore, we cannot measure the PD/DD value of BTC. The son of Elin did this in 2018, even his doctoral thesis was the subject. Alt Our graph is our MVRV graph. Market Value Real Value graph. So the market value real value graph. I marked the bottoms and hills made in the graph. In our graph, the green area is the place of purchase, the red area refers to the sales location. So now BTC Purchase at the site. Well, should it be purchased now? Absolutely no! Even the weekly closing over 22750 is not enough for the trend. Especially next week, there will be a FED meeting, the European Central Bank has not taken action (which they were too late) money will be withdrawn from the market. This will not be enough, the food crisis, the Russian-Ukraine War, the fear of recession of the countries and the prime ministers who resigned/resigned and political instability in the G20 countries do not give me a green light to enter the market. It seems more right to wait for a week to close for another week. If a country gives a minus (-) growth figure for 2 quarters, it means that the country is recession. We are one of the three countries that grow positively among the countries and we have fear of hyper inflation. I do not see the trend positive in this dust smoke. If it repeats it this year, I still see the month of November for the entrance. If the small investor (KY) does not come to this market, the market will not revive! Stay with health. The virus is traveling again! Please note that please!*-*-*Ytd*-*-*
