AndersF
Long

26 day moving average ideas

BITSTAMP:BTCUSD   Bitcoin / Dollar
413 2 7
I noticed some recurring trends in the past two 2-month BTC             cycles. See chart above.
NB The grey textbox in my chart says that price dropped from ATH             to 26MA line in 2 days - is a typo, should be 3 days.

Close up of price retrace before larger correction:

snapshot


At the moment BTC             is still in uptrend so I'm bullish until the 26MA is broken. I do feel the segwit fork could be overextending BTC             this time though, so it might drop down the the 26MA line in less than 3 days (and I would not be surprised if it would take less than a day this time).

Comment: These 26MA line ideas also hold up pretty well in earlier cycles

snapshot


Only notable difference is that in these earlier BTC cycles, the price didn't go back up much after it broke below the line.
very good
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Great stuff! Thanks for sharing!
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