Bitcoin broke back above its 200 day moving average and no one is talking about it
How come no one seems to be taking notice of the fact that bitcoin is once again trading above its 200 day moving average?
It's not like this indicator is probably the most important one for bitcoin over the years, oh wait it is.
When bitcoin is above its 200 day moving average, it tends to stay that way for some time.
There have only been a handful of fake outs over the last decade or so.
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Aside from that, look what it did when it went below it, it dropped more than $4k relatively quickly.
That was like a 50% drop.
A similar move up would push prices up to $14k in the next several weeks.
no se mucho del estudio de las gráficas pero probablemente llegue a 10.000 para luego mantenerse entre ese precio los 9.000.
So many scenarios..
Non-traders:
"The standard most common idea" : Pump till halving, sell the news.
"Contrarian" : Pump till halving, continue pumping!
Traders :
"Overhead resistance just above where we are at February breakdown levels. Short with tight stop above."
"Don't play against trend traders" : Keep longing the dips till it doesn't work!
"MA people" : Golden Crosses on high time frames yield multi thousand dollar gains!
"Contrarian MA people" : MMs paint the fake cross, pump into it and sell off.
"Crypto follows traditional markets crowd" : High correlation coefficient with traditional market. Traditional market is overstaying it's welcome in bullish trend. Economic depression on the way, Bitcoin follows traditional markets all the way down.
"Crypto has never faced a global recession people" : I'm all in cash baby, cash is king!
"HODLers" : Buy the fkin dip, much moon.
Ha, which one wins out?
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