Well, the idea is simple and short. Like in 2012 or in 2015/16, after this first rally of the new bullmarket, we'll need to retest the daily MA200.
I've drawn a possible future daily MA200, taking the second 2012 rally, to which I see many similarities.
BTC will at least go to 10k first, it could of course also overshoot to 12k or the like. However, we need a...
Ethereum Classic #ETC. "Adam & Eve double bottom" pattern validated with breakout of the neckline happened just now.
In additional, breakout of the long term resistance since may 2018, and now positioned above the MA200.
Let's see if it will pump enough to get back to its past "normal price" over $12-15. ;-)
As you can see in the chart the price has broaken the orange pitchfork and pullback to it. Also just now you can see the price touched MA200. We expect the price reach up line of blue pitchfork and after that will pullback to MA200 and after this confirmation you can enter the position.. If you are risky person you can enter the trade now and set your SL upper...
The Most Important Moving Average Period is probably week.
AS you can see, In the recent year, MA20 and MA50 influenced trend price.
BTC is above the MA200 , That is ok.
MA50 and MA100 are close to each other, then we can focus on the MA50
Look! BTC is below the MA20 but very close to cross up the MA20.
IF BTC cross up 4060 USD in the end of this week then the...
I noticed a crazy convergence of extremeley important supports, at a price range, that I think, will be the strongest support in this bearmarket.
The first support being the weekly MA300.
The second support being the longterm squareroot function trendline.
The third support being the line connecting the 2013 ATH with the China dip.
The last one comes from an...
The follow up chart on yesterdays chart, zoomed out a bit, to understand the important supports at play here, and why the MA200 is not the support to look at, as the strongest possible support.
We see that the probable future MA200, is quite far above the squareroot-trend. A trend, which has stood since 2010, and has been tested again and again. There is no...
So, we have been floating around the weekly MA200 for a while now. BTC seems to want to drag out the decision as long as possible.
I expected a rally towards 5000, but because the longs are too high, this rally is almost impossible now. It would have done a rally, if shorts remained higher than longs, which wasn't the case unfortunately.
This means that at...
Even the legendary Masterluc himself, gives too much credit to the MA200. And yes, it is an important support, because it acted as solid support in the 2014/15 bearmarket.
However, before that, the MA100 was considered solid support, and it was broken in the 2014/15 bearmarket.
It seems that we go further down on the MAs, probably this time, MA300 will act as...
Bitcoin course has just made a rebound on the MA 200 long-term trend.
This had not happened since 2015 (January to October) as my graph shows in logarithmic.
What at the time had signed the end of the bear market in 2014!
This trend reversal signal adds to those of my previous ideas.
To summarize all my ideas, there is a convergence of the following...
Many people are probably short now, so go long?
If we go LONG now, it can take one, two weeks, to 4750/4950 (between fibonacci ret. 0.382 and 0.5) depends on where you look, then a fast way down, probably before end of this month, maybe begining of next, the rock botton should be between 21-2300 - 28-3000 (MA200).
If we go SHORT now, it will get more bumpy down...
Gentlemen, every time we saw MA200, MA100, MA50 on a top-bottom sequence forming over the chart, it has produced a strong bullish move; it happened before in Jan/Feb ’15, Jan/Feb ’16 and now it’s happening again.
When we look back to Jan/Feb ’16 MA200, MA100 & MA50 we see a very similar scenario. The chart starts ascending breaking both MA50 & MA100 till it hits...
There could be a short term push towards the daily moving average 200, however, I don't see BTC pushing through just yet. This probably will happen sometime in 2019, and this will be the buy signal for me.
Just being patient, and waiting for it to break the resistance.
There is a small chance that it will break the resistance before that, in this case, it is...
It looks as if BTC could make it this time, however there are still mixed signals.
Daily has been overbought for a while now, like the last two tops, when BTC price hit exactly the MA200 line.
Shorts are coming down fast, longs rising, so if BTC doesn't break through fast enough, it could go down again.
I have to admit that I am undecided right now.
I will just...