Fun indicator - Distance from the Moving Average (100 Daily)
Price finds a way to get far overextended from moving averages before needing to dial back the momentum.
Right now, the price has deviated far away from the 100 daily Moving Average.
Every single time the distance from the MA reached this level, there was at least a 50% move upwards from that bottom.
So, a 50% price increase makes my take profit area 30k.
May the odds ever be in your favor.
Price finds a way to get far overextended from moving averages before needing to dial back the momentum.
Right now, the price has deviated far away from the 100 daily Moving Average.
Every single time the distance from the MA reached this level, there was at least a 50% move upwards from that bottom.
So, a 50% price increase makes my take profit area 30k.
May the odds ever be in your favor.