BTC is currently accelerating upward from the 100 day Moving Average. This marks the 7th time this level has been challenged since Sept 20th, and this looks to be the 7th time the Bulls have pushed back hard. BTC is up over 3% since that challenge a few hours ago. If we see a break from this uptrend, especially above $43,000, the 200 then 50 day is very soon...
100 day volume moving average is at a low level that is associated with previous panic-selling events marked by vertical lines.
If buyers don't show up soon, more investors will start to take profits and allocate capital to markets which are actually moving.
I can't make a bullish short-term case for BTC and I think another big leg down is coming.
If the same...
Here I provide a short-time price prediction based on the forming pennant. We still have momentum to the upside, but I predict that will come after a quick dip down between the 50 day and 100 day EMA.
While remaining neutral-bearish on the BTCUSD charts, BTC1! is looking like a shorting opportunity. There is notably an increase in buying volume over the past week, however the largest volume day was when price was rejected by both the 100 & 200 Day MA simultaneously.
Needless to say, the bear channel resistance is lined up with this MA bear-cross. With the...
This fractal extrapolation comes from the September to November 2019 consildation, fake-out, pump and subsequent dump, not so long ago. The fakeout nature of the low is reminiscent of the October 25th pump to $8,800 from the fake-out to the low $7,300 area. Not only do we see the mid-term $7,800 support turn into resistance, but also how the 100 & 200 Day MAs...
