weekly indicators show similarity with 2011 bottom.
* 20 MA - 40 MA -50 MA projected lines suggests A GOLDEN CROSS between November and end December period
* Weekly Macd cross indicates a trend reversal as it happend only in 2011 and in the 2015 bottom period.
*Note that 40 MA weekly coincided with 200 MA daily in 2011 bounce and acted as strong selling level
*Today the 200 MA is just between the the 40 MA - 50 MA weekly ..signalings a strong selling zone at 8600$-9200$ levels
* after retracing from the above mentioned levels and based on the moving averages an accumlation period between 7500$ -9000$ would be in play till the GOLDEN CROSS ..this accumulation level is also where daily moving averages align horizontally
* PLEASE NOTE THAT THIS IS NOT A TRADING ADVICE AND ONLY AN IDEA FOR EDUCATIONAL PURPOSE*
* 20 MA - 40 MA -50 MA projected lines suggests A GOLDEN CROSS between November and end December period
* Weekly Macd cross indicates a trend reversal as it happend only in 2011 and in the 2015 bottom period.
*Note that 40 MA weekly coincided with 200 MA daily in 2011 bounce and acted as strong selling level
*Today the 200 MA is just between the the 40 MA - 50 MA weekly ..signalings a strong selling zone at 8600$-9200$ levels
* after retracing from the above mentioned levels and based on the moving averages an accumlation period between 7500$ -9000$ would be in play till the GOLDEN CROSS ..this accumulation level is also where daily moving averages align horizontally
* PLEASE NOTE THAT THIS IS NOT A TRADING ADVICE AND ONLY AN IDEA FOR EDUCATIONAL PURPOSE*
Note
Note
Note
2013 bottom --->bounce --> accumulate -->moon ! fractal
Note
vs 2015Note
vs 2011 weeklyNote
Broken Triangle target 50 DMA !Note
Waiting for London !Note
incoming retest !Note
Note
6900$ reached ! next pleaseNote
challenging 200 MA and the trendline from january Note
Next ? challenging the neckline and the 50MA on weeklyNote
Bitfinex Shorts on the rise ! euphoric bearishness..check the Bitmex search in google trends to see the correllation between the shorts positionsNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.