On the 3D chart the 50 MA was in bullish market in many occasion the deepest correction point and price has tendency to flirt with it at beginning of the bullish market. A close under this MA was quite specific for bear market.
We have signs that this MA is still fundamental as the first breakout of the last bullish leg occurred exactly after a 50MA cross and the break of the basis of the (distributive) descending triangle of the last three months occurred after crossing the...50MA
The 486 MA is the halving MA or better the mean price over an estimate halving period. Since this MA is calculable, it was the lowest point for a major correction.
If we keep it simple and things follow the past, a close under the 50 MA is significantly sensitive for bear market with final target around the halving MA.
200EMA was the support level between juny 18 and november 18. Price compressed between the 200EMA and 50MA before breaking down and then finding support on the halving MA. Price around the 200 EMA is in my opinion a good level to practice some safe swing trade.
BIO
We have signs that this MA is still fundamental as the first breakout of the last bullish leg occurred exactly after a 50MA cross and the break of the basis of the (distributive) descending triangle of the last three months occurred after crossing the...50MA
The 486 MA is the halving MA or better the mean price over an estimate halving period. Since this MA is calculable, it was the lowest point for a major correction.
If we keep it simple and things follow the past, a close under the 50 MA is significantly sensitive for bear market with final target around the halving MA.
200EMA was the support level between juny 18 and november 18. Price compressed between the 200EMA and 50MA before breaking down and then finding support on the halving MA. Price around the 200 EMA is in my opinion a good level to practice some safe swing trade.
BIO