Outlook for the remainder of the year. The ETF inflows have generally remained positive at new ATH levels, while volume remains low and price remains flat. This suggests considerable distribution from OTC sellers, namely longer-term holders, per HODL waves analysis. It's been 3 months since breaking ATH in March, with price unable to move higher. The...
Definitey looks like it’s validating the breakout here after 2 previous attempts that ended up going back inside the channel. 3rd time here is likely the charm but it needs to overcome the resitance of the weekly 200ma (in blue) first before it can hit the full target. *not financial advice*
#BTC Every macro bull cycle on $BTC the past 10 years has been confirmed by a re-test of the 200 Weekly Moving Average (WMA) as support, confirming the beginning of the #BitcoinBull. The 200 WMA is located at $25.5k. #Bitcoin -@CryptoCurb
Bitcoin attempting to close above the weekly 200W moving average. This is promising if we can regain it and hold above, even if it pumps and chops around for a while it's a good sign. 2 reasons it's good - of course #1 is that we've gained back some strength and stability and #2 is even if we chop around above it before making our final push to ATH's it gives...
Weekly closing price is the price available for the world for two days. It is the maximum resting time of a stock or index price, than daily or even monthly. All investors ,traders, institutions, owners are scratching their heads for next action So we have some logics; Every thing is out, inflation, rate Hike, corona lock down, supply chain lock , BUT remember...
How are you HODL'rs holding up? Are you buying? Getting a divorce lol... She'll be back in a year or two as we already know. Here is my prediction on this run. No one has anticipated such a run as we have had and it has been difficult for many amazing analysts to keep a high % of correct analysis albeit, some are gaining notoriety as they had predicted bearish...
Yesterday I gained 300$ from shorting BNB, today I lost 535$, I don't know anymore. I short at absolute of absolute bottoms, then long absolute of absolute tops, this comes from having an idea that X rejects at price Y, and from reaching price Y, I invalidate my trade then follow with opposite, while my previous wasn't invalidated We either reject from here and...
When you zoom out on the weekly log chart, big picture you see the historical pull back to the 200 weekly moving avg at a min. That's about a -20% pull back from current ~$30k levels, bringing it to ~$24k. Buying Bitcoin at the 200 weekly moving avg price, is the ultimate value investing time to load up historically. We're in new uncharted territory for Bitcoin...
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...
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...
My view on #bitcoin non-religiously considering the simple facts. Short-term we are going to be ranging between 200 DMA and 21 WMA, with strong rejection from 200 DMA sealing the faith of this dead-cat bounce. From S&D perspective #bitcoin is now completing the rally-base-drop reversal pattern perfectly. I will be saving all money I can to buy the 200 WMA. As...
Hey guys what's up This is a weekly study VS. daily i did last time. I am including all the data here so you can copy, share or edit it on Microsoft apps. feel free to reuse or redistribute all my work to our trading view community or out side it. March's low is most likely a fresh new cycle to say the least " believe it or not" with out bias you would come to...
Evening Traders, Today’s analysis – GBPUSD- trading above key support with multiple technical confluences, Points to consider, - Price Action Impulsive - Local S/R Support ( 200 WMA & POC Confluence) - Weekly S/R objective - Oscillators Bullish Control GBPUSD’s immediate price action is impulsive above Local S/R, a back test of this level is likely to...
Evening Traders, Today’s analysis – NZDUSD- trading at a key weekly trade location where a rejection is probable, Points to consider, - Price Action Impulsive - .382 Fibonacci Support (200 WMA Confluence) - Double Top Resistance - RSI Bullish Control Zone - Declining Volume NZDUSD’s immediate price action is impulsive above Weekly S/R, a correction is...
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...
Evening Traders, Today’s analysis – GBPNZD – market structure holding bullish with consecutive higher low and higher high projection, Points to consider, - Ascending channel (HH’s & HL’s) - Support confluence o Market Structure o 200 WMA o .50 Fibonacci o Channel Support - Resistance ( Channel Median) - Oscillators...