The last weeks in the markets looked ugly. If SPY is unable to hold this level (375) we are looking at LOY 363, and then 200 weekly MA around 350 or the end of this volume vacuum around 330. All plausible. Question when buying PUTS its only "when"?
Food For Thought: $Bitcoin 200-Week MA The 200-Week MA is a topic that has been circulating in CT, and I will give you my thoughts on it and what this could mean for $BTC. With the current levels, I have marked in my chart that $7,726 - $7,176 is the level you have to stay above for the monthly time frame. The box is your line in the sand for any future to be...
Hello Friends! Traditional markets are closed tomorrow (6/20/22) and BTC might have an extra day for some positive gains/reaction rally. Be careful here, the macroeconomics are not supporting crypto or traditional markets. Let’s look at some levels to watch. The 200 week ($22350) is the biggest level for BTC to target in the short term. $19,800 (December 2017...
This could be the time that people learn that the 200W MA is NOT some magical bottom signal. It is just an average of past prices that HAS TO BE BROKEN at some point. Just like the 200D MA has been broken multiple times the weekly can be broken as well. It just takes longer to play out. # Why this time could be the time it breaks It is the first time...
Hello Friends! It looks like a bear flag is forming on the weekly. Last time BTC moved up to $69K it was trading above the 50 week. Now it’s below the 50 week and looks like a flag is forming between the 50 and the 100 week. Break below the 100 week can push it down to $20-25K (200 week). As always thanks for your follows, likes, and comments. Let’s learn and grow...
Capitulation is defined as surrendering or ceasing to resist. In the market, it means when investors give up any previous gains in any security or market by selling their positions during periods of decline. Historically speaking, it is also the very best moment to enter the market. For as long as we have been able to use the 200 weekly weighted and simple moving...
Nintendo ist at it's 200 weekly SMA , this was a very decent spot to buy in the past. This is something to hold on to imo, so no real trade setup here, but one could put this thing in his HODL depot and just forget about it. Also pays some dividends on top. It's a me, MARIO :)
A recent article stated that Bitcoin will never drop below its' 200 Week MA near 6700 ever again . I disagree . WE have clearly dropped below it in March . We wicked quite a bit below it . Down to that purple lower trendline .I believe we will wick down there again - it is certainly possible and that would take us to approximately 5xxx or 4xxx or possibly lower...
What will next year bring for Bitcoin price ? Does the 200 Week Moving Average actually act as a support for Bitcoin ? A recent article that literally came out today says will BTC will never drop below its' 200 Week MA which sits near 6700 as you can see on the chart ( it's the blue line with the blue arrow pointing at it .) So they are saying Bitcoin will never...
Please leave a LIKE if you enjoy the analysis. This is a continuation of my previous idea which can be found here: On January 2015, the BTC price reached the 200-week moving average (white) and bounced above it. While it initially it looked as if it was going down, going as much as 15% below it, it proceeded to increase and close above. The current downward...
Now should it hold 7 years trend line on logarithmic on 7800 as well, we will see above 8000 USD by 16th march.
Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" (1-BTC.D+99) needs to close the weekly above the 200 MA to remain bullish, but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level. This would be...
ETHUSD needs to again breach the 200 Week MA @ $222.72, as well as the 20 Week MA just above it at $231.30, in order to make a new swing high above the green 1 at $230.54. Following the TD Sequential 9 earlier this month, Ethereum against the US dollar has bounced back over 20% while currently holding onto approximately 15% of it's gains. A green 2 moving above...
Is this the start of another alt season? Altcoin dominance needs to close above the 200 Week MA at 30.65%. Despite the downward trend of the 20, 50 and 100, the 200 remains in a bullish posture trending upwards. Is Bitcoin going to sell off and profits go towards altcoins finally? MACD is looking to bull cross soon, the RSI is leaving oversold territory after...
Time to consider altcoins again, if only you could buy the market... Altcoins are starting to bounce from the 200 Week MA. Closing above the 100 Week MA would be bullish enough for me, similar to when we found support at it in March 2018. Otherwise hoping for the week to end on a green 1, in order to buy into a green 2 moving above the 100 Week MA early next...
Each trendline has three points of contact and are logarithmically getting closer together: rising wedge pattern. BTC Dominance beginning to look overextended (TD) and overbought (RSI) while testing resistance between 72-74%. This is far from a perfect rising wedge as it excludes the September 2018 head fake, but a theory worth considering. BTC.D closed above...
Part 3 of If Bitcoin Repeats History? . This worst case scenario extrapolates the second half of the 2014 bear market going into 2020 with ATL at $2,500 and new ATH in November 2021, as well as reaching $30,000 within the same year. This assumes a double bottom will form in April 2020 prior to the halving, followed by 1.5 years of accumulation/consolidation, with...
It may happen tomorrow or it may string us along until the end of the year but it would seem this descending triangle has the potential to drop back down to support from LAST YEAR'S descending triangle. If this takes as long as before and we end up consolidating well into it's apex that would give time for the 200 week MA to move up and create strong support again...