Possible price behaviour based on past Weekly MA50 interaction
Market Top interaction with the 50 weekly MA has typically been in 3 parts:
1. Bounce on top of 50 WMA
2. Bounce up into 50 WMA
3. Break down away from 50 WMA
Just an Idea I've been playing with to try tie BTC in-line with Equity markets. We've already seen a break of the 50 in summer so not perfect but this does lead to a H&S pattern.
Best, Hard Forky
SXP:
SENSEX
Market Top interaction with the 50 weekly MA has typically been in 3 parts:
1. Bounce on top of 50 WMA
2. Bounce up into 50 WMA
3. Break down away from 50 WMA
Just an Idea I've been playing with to try tie BTC in-line with Equity markets. We've already seen a break of the 50 in summer so not perfect but this does lead to a H&S pattern.
Best, Hard Forky
SXP:
SENSEX
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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.