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

Bitcoin / TetherUSBinance

Description

⋅ Jul 11, 2020 3:13 AM

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?

Share with your friends, destroy that nasty like button and comment your ideas.

Comment

⋅ Jul 11, 2020 3:15 AM

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

Comments

Phi-Deltalytics

⋅ Jul 11, 2020 8:27 AM

Nice Heads-up!
The daily BTC chart does have slight bullish technical signs. However, I think more volume is needed for the bullish scenario to play out. Before then, I’ll remain on the short term neutral to bearish side.
What do you think of our setup below?