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I decided to show the BTC chart without the noisy price action. When we just focus on the short, intermediate and long term moving averages, it becomes quite clear as to where the expected buy and sell pressure will be waiting. The colored numbers represent these exponential moving averages' time periods. Depending on which time scale chart you are in, the number will represent a different length of time. For example here on the 1W chart, the 13 EMA represents the moving average over the last 13 weeks. The 200 W moving average - nearly a 4 year moving average - is arguably the most important aspect with investing. When these averages go above or under one another, the trend changes. When the short term EMAs cross below the long term one, it is appropriately called a death cross. When the opposite happens, and the short term moving average crosses above the long term one, it is known as the golden cross. It is important to watch the interaction of the shortest time frames as they show the most likely top at the end of a major cycle. The gap between the 13 and 21 EMAs between the 55 EMA will stretch when price is getting too high or too low as marked by the purple arrows. During the bull cycle the 13 EMA never went below the 21 seen here by these white arrows marking price points. During the bear market the price was kept down by the same EMA of 21 W and never got above. As it turns out, the best place to buy, is as close to the 200 W as possible. This is where we have seen BTC's price stretch far below the 55 W and offered us the lowest entry. We would now be expecting the 13 W to hold above the 21 W until we see the top signal gap of the discussed EMAs or price simplly breaks down!
I decided to show the BTC chart without the noisy price action. When we just focus on the short, intermediate and long term moving averages, it becomes quite clear as to where the expected buy and sell pressure will be waiting. The colored numbers represent these exponential moving averages' time periods. Depending on which time scale chart you are in, the number will represent a different length of time. For example here on the 1W chart, the 13 EMA represents the moving average over the last 13 weeks. The 200 W moving average - nearly a 4 year moving average - is arguably the most important aspect with investing. When these averages go above or under one another, the trend changes. When the short term EMAs cross below the long term one, it is appropriately called a death cross. When the opposite happens, and the short term moving average crosses above the long term one, it is known as the golden cross. It is important to watch the interaction of the shortest time frames as they show the most likely top at the end of a major cycle. The gap between the 13 and 21 EMAs between the 55 EMA will stretch when price is getting too high or too low as marked by the purple arrows. During the bull cycle the 13 EMA never went below the 21 seen here by these white arrows marking price points. During the bear market the price was kept down by the same EMA of 21 W and never got above. As it turns out, the best place to buy, is as close to the 200 W as possible. This is where we have seen BTC's price stretch far below the 55 W and offered us the lowest entry. We would now be expecting the 13 W to hold above the 21 W until we see the top signal gap of the discussed EMAs or price simplly breaks down!