Bitcoin “Does history repeat itself or not?”

17 июн. 2023 г.

The aim of this work is to compare the megaphone structure in bitcoin and dow Jones.

My goal is to show whether history repeats itself in the markets.

I'm going to focus on the Megaphone structure in general and see if history repeats itself or not.

We have not yet seen a completed megaphone structure in the past periods of Bitcoin, but we can be in one right now.

What I use from in the comparison:
> RSI
>Lmacd
>Gmma Oscillator
> Moving Average (EMA)
>Megaphone !

You may ask, why BTC 1-week candle and DJI 1-month candle. I tried all kinds of alternatives and saw that this is the healthiest comparison. I would also like to add that I tried with dozens of indicators, except for the ones I shared, because these are the most understandable. (easy)

> 1897-2023 Dow Jones (DJI)
During this time, 5 megaphones with different angular dimensions were created. They are not copies of each other, but similar.
Lets check



On top of these megaphone structures I added the 200 monthly average (200EMA). As can be seen in the graph, the most suitable (reasonable / cheaap) buying points have always been in the areas below the average.
> At the same time, the sub-zones of the megaphone are these areas (blue zones)



Apart from that, you see the RSI (1M) at the bottom. Always oversold areas (blue circles).
In order to be understandable, I took care to prepare it very simply. Things we will look at in this charts: areas below 200EMA, RSI oversold areas.

Now let's see in Bitcoin.
Areas below 200 Ema (1w) in the time frame on the chart are suitable buy zones. Those areas are also oversold regions in the RSI. And megaphone's sub-region for now.



DOW JONES / LMACD


BTC / LMACD


The indicators included in this work may vary. However, I think these are understandable and sufficient.
I don't just analyze and measure Bitcoin that way. One of these review
Thanks