If we gain support off this long term mid-line from December than I believe we're off to the races
Rejection from 100 EMA 1Day... what happens next?
The general idea is a bull market starts when price flips 200EMA into support - a bear market generally starts when price breaks 200EMA and is now resistance
this is scary for assets and commodities (gold, silver, bitcoin, stocks, etc.)
Haven't revisited this indicator in awhile and now its about to cross. I posted the other that it wasn't the top and I still don't think it is. We could be following the 2013 cycle where there was a double cycle.
the long term picture - its programmed
Last two time bitcoin used the 50 EMA as support - we rallied at least 25% after. I don't think the same happens again to be honest. Retest off the $47,000 whale level is a great place to put in a long
This scares me the most for the whole entire asset class. US Dollar gets stronger = assets get weaker in value (Gold, silver, bitcoin, stocks, etc.)
I'm going with the gray arrow
posted this chart yesterday - Target: $62,000 - $65,000