Finally after a lot of patience we are here. This should be a bottoming week and it is fair to say a little excited.
One key note - It's crazy how all markets are working together.
Best, Hard Forky
The scenario developed in 2021 was based on historical (10 year) MA price interaction at market tops. Market Top interaction with the MA is not always exactly the same (so not a perfect indicator) but has typically been in 3 parts:
1. Support off 50 WMA
2. Break down and retest of 50 WMA
3. Break down away from 50 WMA
So far BTC has followed this hypothesis to the letter. As an extension a 4th stage is to retest the 50 WMA - currently trending towards
41K resistance (hence shifting long... temporarily)
BTC Structure
Equity Structure
One key note - It's crazy how all markets are working together.
Best, Hard Forky
The scenario developed in 2021 was based on historical (10 year) MA price interaction at market tops. Market Top interaction with the MA is not always exactly the same (so not a perfect indicator) but has typically been in 3 parts:
1. Support off 50 WMA
2. Break down and retest of 50 WMA
3. Break down away from 50 WMA
So far BTC has followed this hypothesis to the letter. As an extension a 4th stage is to retest the 50 WMA - currently trending towards
41K resistance (hence shifting long... temporarily)BTC Structure
Equity Structure
Note
BOttom
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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.
Related publications
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.