11 months ago
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In this article, we will evaluate the Bitcoin market using 1) pattern analysis, 2) moving average line (9MA/25MA), 3) Ichimoku Kinko Hyo, 4) Bollinger Bands, 5) MACD, and 6) 6 types of RSI typical technical analysis in 5 stages (5 → 1: strong → weak). The strength and weakness of the market is evaluated based on the average.
I believe that fixed point observation and objectivity are important in technical analysis. The aim is to eliminate arbitrariness and increase accuracy by combining multiple representative analysis methods.
summary
The overall score is 4.3. It’s strange that the MACD/RSI divergence was resolved without any major adjustments, but it is in a very strong shape, avoiding triangle cross-hold breaks, band walks on Bollinger, dead crosses, and 3-way turnarounds.
pattern analysis
The price has broken above the triangular cross-shareholding level, and as per the theory, the price is doubling back, and the rise has come to a halt. As a result, a large upward trend has been formed that has continued since mid-October, and there is still room for the price to rise.
Rating: 4
moving average line
It was avoided just before the dead cross, and the gap between the two lines widened again, which is essentially the same as when the golden cross occurred.
Rating: 5
Ichimoku Kinko Hyo
If it continues to remain flat, it will be released one step before the 3-role improvement will be resolved, and the 3-role improvement will continue.
Rating 5
bollinger bands
The band expanded and a band walk occurred. Although the band walk trend is dissipating and the band expansion is slowing down, it still suggests that the upward trend will continue.
Rating: 4
MACD
Ignoring divergence, golden cross occurs.
Rating: 5
RSI
The RSI divergence has been resolved without a trend change, and the overbought market has also been resolved.
Rating: 3
Rating
*This article is a reprint of the Rakuten Wallet technical report.
*This article provides information for reference when making investment decisions, but is not intended to recommend stocks or solicit investment activities. Furthermore, Rakuten Wallet does not solicit investments or make definitive predictions.
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