- FIXED idea: " Bitcoin Weekly: Historically Speaking "
- now includes 34EMA (Market Cipher) as mentioned in hypothesis
For this update, i've used Bitstamp's Bitcoin Weekly Chart to create my hypothesis. I've researched the weekly price chart as far back as August 15th, 2011.
Since my last posted idea, we've seen Elon Hype help boost BTC's price some....
For this update, i've used Bitstamp's Bitcoin Weekly Chart to create my hypothesis. I've researched the weekly price chart as far back as August 15th, 2011.
Since my last posted idea, we've seen Elon Hype help boost BTC's price some. However, historically, this movement was expected.
Trigger:
-BTC W closes below 34EMA
Effect:
-50EMA is tested, price rebounds,...
I've used the following Exponential Moving Averages for my idea: 9,34,50,100, & 200
BTC's Weekly tends to stay above the 34EMA occasionally wicking down to test this average.
in 11 hours from posting this idea, BTC's Weekly will likely close red. This should see the 9EMA crossing under the 34EMA.
In it's history, Bitcoin has taken 161 to 343 days for this to...
