BTCUSD: People are telling you to short this???
This is a very big picture post using EMAs on the 3d and weekly charts and simple crosses. The circles show where the EMAs have taken on a bullish stack and the price action found support on the 13 EMA. The trade is closed the first time a whole candle closes below the 100 EMA. The returns are astounding and the momentum is very intense, lots of gains for very low stress.
We are on the verge of completing another bullish stack as the BTCUSD price action passes over the 200 EMA (finally) all the other EMAs. Pretty soon on the larger time frames there is no moving average resistance, only support, The 100w MA is the last resistance we face on the way up and it is located at the HVN at $6,500. From there we are looking at VPVR, Fib Extensions and retracements, and parabolic moves ended by large wicks for predicting the larger moves. It is very likely our first major retracement will be back to the 100W, as I expect the VPVR POC to move up to there.
3d EMA chart zoomed in
Weekly EMA chart, zoomed in:
I don't think it is possible to get a wider point of view than this. BTCUSD went from "over-valued" as it was over its long term EMAs to undervalued as it was under its long term EMAs. We are about to correct again, and go past that to over-valued in spectacular fashion.
We are on the verge of completing another bullish stack as the BTCUSD price action passes over the 200 EMA (finally) all the other EMAs. Pretty soon on the larger time frames there is no moving average resistance, only support, The 100w MA is the last resistance we face on the way up and it is located at the HVN at $6,500. From there we are looking at VPVR, Fib Extensions and retracements, and parabolic moves ended by large wicks for predicting the larger moves. It is very likely our first major retracement will be back to the 100W, as I expect the VPVR POC to move up to there.
3d EMA chart zoomed in
Weekly EMA chart, zoomed in:
I don't think it is possible to get a wider point of view than this. BTCUSD went from "over-valued" as it was over its long term EMAs to undervalued as it was under its long term EMAs. We are about to correct again, and go past that to over-valued in spectacular fashion.
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