MA Spreads Say We're Still a Bull
Weekly MA spreads (distance between short term and long term moving averages as a percentage) of BTCUSD on Bitstamp indicate we are still bullish.
Historically prior to a cycle top or bottom the MA diverge by at least 0.5. The actual cross of 0.5 occurs just after the top or bottom but a cross has occurred none the less every cycle top or bottom. We have not yet hit or crossed 0.5 this bull run and we have been rising on the weekly since mid-August. Expecting a blow off cycle top anytime between now and the new year. between Nov 15th - Dec 6th if I had to guess.
Historically prior to a cycle top or bottom the MA diverge by at least 0.5. The actual cross of 0.5 occurs just after the top or bottom but a cross has occurred none the less every cycle top or bottom. We have not yet hit or crossed 0.5 this bull run and we have been rising on the weekly since mid-August. Expecting a blow off cycle top anytime between now and the new year. between Nov 15th - Dec 6th if I had to guess.
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