Will price again this week close above 200 MA or will it head down to the bottom of the bolliger band at $2000. To soon to tell with all the bad news around a sense of hope may cause an irrational bounce. Many people think this only has to do with the virus and are not factoring over leveraged companies into the mix.
Could an increase in volatility be a key indicator of the end of a bull market. Look at the shape of these 1 standard deviation bolliger bands. I have linked another image to show the price growth during the last time the bolliger band seems to have changed to possibly the cycle we are currently in. Not really sure what to make of this but it's interesting...
Though at this point I have 0 interest in buying into the stock market. From a rational sense it actually could be bouncing off the 200 MA. I am sure if it does so something great will happen in the news. Though realistically there is already a reason for it to stay up. Global stimulus efforts. Though most markets seem very irrational lately so I don't know...
Please also see my explanation of this possible target from 3 days ago. If Bitcoin can finish the weekend above 200 MA. I'll be watching for it to keep moving up in Bollinger Band possible hit top of bolliger band before having. Seems crazy today after yesterday's crash. A while ago I wrote Don't get lost in the noise showing how crypto volatility on short...
Look at candle wick and previous support Bitcoin has been rejected at 6k level. This will at as great support moving up trend further. It is also almost 2 x the last bottom. Anyone that has been around for a bit will remember how much time Bitcoin has spent at 6K in the past.
Looking at oversold RSI and stoch RSI. Going for this being irrational fear.
Yesterday I mentioned the 200 MA weekly level. Possibility of price to go to 6K . He are some more possible levels. Looking at RSI and stoch RSI I have marked the previous bottom as well as where we are currently. Seem likely that there is still room to move downwards. I Marked where bottom was found at 200 MA around $3000. I also found two...
Looking for price to fall to 21 MA at $180 and find support there.
Possible possible reversion to mean at 200 weekly around 6000. This would likely happen quickly possibly by the end of March. I think it's unlikely that the 6k support break.
If this is the end of the bull market for stocks expecting to see at least 50% pull back. The fall if it truly has start has a long way to go.
Looking for bounce from 200 MA on the daily chart. Bitcoin must stay above the 21 MA on the weekly chart. The last bull market 21 MA was used repeatedly as support. Then It also stayed below 21 MA for most of what could be considered the bear market. Since this has acted as support/resistance so many times it holds a lot of weight on the future direction...
Looking for markets to stay above 200 MA on the weekly. The 200 Weekly was last tested in 2018. RSI is dropping fast.
Looking for 200 MA to now act as support on the daily chart. On the 1h chart you see lost of horizontal movement. Looking for a break out above 17.50. Also a golden cross on the 1 hour chart would all be nice though I don't know that 200 MA change direction to flat or upward fast enough. Weekly chart appears that Golden cross will be confirmed on Monday....
On this weekly chart you can see that silver made a bottom at 200 weekly MA. Once this week closes we should see a golden cross going into next week. On the daily chart I am looking for silver to break above the 21 and 50 daily moving averages. Hopefully that will happen in the next few days or possibly today. Then looking for them to form as support on...
I am looking for this week to close out between 9000 and 10400. To stay above physiological level at 9000 and above the 21 weekly MA. Very happy to see that twitter to not full of 9k memes and lots of excited people. If Bitcoin can take some steady possibly slower growth without completely swinging market sentiment that would be ideal. Don't want to see...
Looking for silver to stay above 17 today and start to show strength staying inside bollinger band based on 50 day MA. If you see my previous two posts silver must stay above 200 Weekly MA to complete golden cross on the weekly chart. The more strength seen on the daily chart the more likely the week completes above 200 weekly MA. RSI is showing lots of room to...
The point of this is not to show anything in particular as basically am waiting for ETH to show it's found support. Maybe at the 50 daily MA. This image shows the history of ETH in relation to 21, 50, and 100 moving average with 2 units of standard deviation from each one. I found it amusing to look at. Though maybe it's worth mentioning how in 2017 ETH went...
Silver is sitting above 200 weekly moving average and looks like it will see it's first golden cross since 2009.