Long-Term Moving Average Breakout
Updated
This MA channel seems to have tracked BTC well historically. Breakout likely signals overbought, but buying pressure & media coverage is fairly high currently. Additionally, recent parabolic trend is far healthier than past spikes as I've discussed previously. Remain neutral short to mid term.
Note
This is obviously not a novel insight, just something I am actively trackingNote
Okay... we are clearly well out of the channel now. Frenzy is intensifying & parabolic trend is speeding up
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.