Every time it has come down and touched the 50ma it bounced and went down to the 200ma. (hasn't touched the 50ma at the time of making of this though)
Comment
⋅
50ma was broken back in June. It bounced up. And is now heading downward. Time to see if it continues to follow this same pattern that it has done everytime 50ma was broken previously.
@Weavs844 So what is your gameplan? We broke under the 50 week a few months ago, but did we close under? (not sure if that even matters)
Seems like we got our big bounce like we did in 2013 and 2017 and then the drop
I feel like a 10-20% US Stock market correction sends us to our bottom or near bottom. Probably 15-20k
We are still at the 20 week moving avg, which I think is important, but we are barely holding on.
The 50 week may cross the 20 week soon, and when that happens, we also have gone down prior
I am considering selling most of what I have left and holding very little in case of a surprise pop
I may want to wait for some confirmation first (50 week crossing 20 week and or falling under the 20 week, but then I will have to lose on some of the profits
supremetrejdr
⋅
Moonbois are so fukked they got no idea.
JimHalpert
⋅
I agree with you hear. Outside of you tubers shilling shitcoins, the real analysts agree after hitting 41k it will drop to 20 before we can come back
Azizcryptotrader
⋅
what about april 2013
Weavs844
⋅
@AzizBenAicha, What about April 2013? I'm just showing examples of what happened when the weekly 50ma gets hit.
Seems like we got our big bounce like we did in 2013 and 2017 and then the drop
I feel like a 10-20% US Stock market correction sends us to our bottom or near bottom. Probably 15-20k
We are still at the 20 week moving avg, which I think is important, but we are barely holding on.
The 50 week may cross the 20 week soon, and when that happens, we also have gone down prior
I am considering selling most of what I have left and holding very little in case of a surprise pop
I may want to wait for some confirmation first (50 week crossing 20 week and or falling under the 20 week, but then I will have to lose on some of the profits