BTC - Bearish MA13/30 cross forming on the 2 week
Updated
The Bearish MA13/30 crossover setup has been observed twice since 2018 on the 2 week chart
The Bearish MA13/30 setup occurs when the faster MA13 ( the white line ) is crossed by the slower MA30 ( the blue line)
In 2018 when the Crossover occurred price fell an additional 60% and in 2020 price fell an additional
50%
Currently it looks like MA/30 crossover is set to occur in February . if Price drops 40% from the crossover the target will be 27k and if Price drops
50% from the crossover the target will be 22k .
NOTE: The crossover is cancelled if BTC is able to move back above the crossover at 50K
The Bearish MA13/30 setup occurs when the faster MA13 ( the white line ) is crossed by the slower MA30 ( the blue line)
In 2018 when the Crossover occurred price fell an additional 60% and in 2020 price fell an additional
50%
Currently it looks like MA/30 crossover is set to occur in February . if Price drops 40% from the crossover the target will be 27k and if Price drops
50% from the crossover the target will be 22k .
NOTE: The crossover is cancelled if BTC is able to move back above the crossover at 50K
Note
*** Now ive been caught out by this move before on the example below for the *WEEKLY* chart in 2021 .In this occasion BTC only dropped 30% from the weekly crossover and I got wrecked as I was expecting a 74% drop from the crossover
Note
The above shows its impossible to call the bottom as BTC is tricky , and instead its best to open small positions for long term holdings as price is dropping .
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