BlueJayBird

BTC Long - Study Case: Price oscillation around 200EMA 15m (v2)

Long
BlueJayBird Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
  • I suspect that BTC price oscillates around 200EMA 15m steadily.
  • The MAX and MIN can be easily followed.
  • Even the exceptions like the double MAX in the chart don't go too far.
  • The price usually oscillates around the 200EMA 15em, around the range of 1% to 2% (rarely the price increments as much as 3%).
  • This seems to be the behavior of the price in normal market price conditions.

Also:
→ Reaching the second resistance above the last MAX is possible.

Thoughts?

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Comment:
REMEMBER to follow the 200EMA 15em, and HOW the price moves around it.

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