pnaik732

pnaik732

Medium-term neutral. BTCUSD is no longer pushing the weekly upper Bollinger Band, as it missed the BB two weeks ago, and last week bounced off it (though it did pierce through, which is positive). Still, now there is an increased chance that the 21-week EMA will catch up to price. In bull runs, the 21-week EMA has been an excellent accumulation area. See my...

pnaik732 Updated 

Looks like BTCUSD is meeting tough resistance on the re-test of the weekly upper Bollinger Band. Next move could be big, in either direction. See my previous post for further details (linked below).

pnaik732 Updated 

So the weekly chart of BTCUSD with the 21-week moving average has been very popular, as during bull runs the price seems to bounce off this average quite often. However, something I've noticed is that if BTCUSD is in an uptrend, it has a habit of touching the upper Bollinger Band week after week. If it finally doesn't, it seems to go back down to at least test the...