Mixed BTC signals from LT MAs. Capitulation must end b4 moon
Updated
The 50 day and the 200 day ma recently had a death cross.
The 50 week and 100 week ma about to have golden cross.
Mixed signals between two long term indicators.
imo the 50 day and 200 day has been more accurate with our cyclical performance analysis.
Furthermore, BTC still stuck in the expansion phase top (14K) downtrend channel.
Lastly, miner capitulation is still in progress.
All of this looks to say that the path of least resistance is to the downside.
That is until miner capitulation is complete and BTC is able to get a bid that can break and close above the top of the downtrend channel.
Really depends on how much working capital the miners were able to build up from the explosive expansion phase and how bad institutional miners want to eliminate competition going into a historic halving that will lower BTC's inflation rate to lower than that of both gold and fiat.
Double bottom incoming over next couple of weeks, may even tap 5Ks.
LONG opportunity of a lifetime (cycle) because the Bull Phase B target is 90k to 150K.
Good luck everyone.
Learn more about the cryptonomics cycle in the free Special Report: Cryptonomics @ https://www.ciadc.co/special-reports
The 50 week and 100 week ma about to have golden cross.
Mixed signals between two long term indicators.
imo the 50 day and 200 day has been more accurate with our cyclical performance analysis.
Furthermore, BTC still stuck in the expansion phase top (14K) downtrend channel.
Lastly, miner capitulation is still in progress.
All of this looks to say that the path of least resistance is to the downside.
That is until miner capitulation is complete and BTC is able to get a bid that can break and close above the top of the downtrend channel.
Really depends on how much working capital the miners were able to build up from the explosive expansion phase and how bad institutional miners want to eliminate competition going into a historic halving that will lower BTC's inflation rate to lower than that of both gold and fiat.
Double bottom incoming over next couple of weeks, may even tap 5Ks.
LONG opportunity of a lifetime (cycle) because the Bull Phase B target is 90k to 150K.
Good luck everyone.
Learn more about the cryptonomics cycle in the free Special Report: Cryptonomics @ https://www.ciadc.co/special-reports
Note
Still a LONG opportunity of a life time!BTC about to pass the 280 days past halving mark.
This is the part of Bull Phase B where Bitcoin begins to go into FULL BULL mode with EXPLOSIVE PRICE GROWTH & volatility.
Take advantage of the characteristic 30%+ pullbacks as accumulation opportunities.
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