BitcoinLong
CYCLE 4 | SMA Golden Ratio [UPDATE]
For those following along with this indicator, the current price action volatility has accelerated price to some interesting historic points.
As discussed in prior post above, historically BTC has followed a trend of dropping to the lower SMA extension coloured line with each cycle with interesting multiple hits in establishing our 2021 technical cycle top.
We have already tagged the gold line and currently approaching the 'Gray Line' which put in our prior cycles ATH.
Will be interesting to see how BTC (buyers / sellers) handles this price level and the information this may provide on how useful this indicator may be this cycle....
As discussed in prior post above, historically BTC has followed a trend of dropping to the lower SMA extension coloured line with each cycle with interesting multiple hits in establishing our 2021 technical cycle top.
We have already tagged the gold line and currently approaching the 'Gray Line' which put in our prior cycles ATH.
Will be interesting to see how BTC (buyers / sellers) handles this price level and the information this may provide on how useful this indicator may be this cycle....
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