BTC Date with destiny - the 200 Weekly MA
As shown in the chart in each cycle the bitcoin tend to visit the 200 Weekly MA in its last bear trend capitulation, notice the following terms in the chart:
- Golden zone: is the area where Bitcoin will potentially mark the bear market bottom, and most traders will agree its a bear market and flip bearish, the bear market will be at it final accumulation zone.
- Capitulation volume: You will notice that during the last capitulation, corresponding to the golden zone fat volume candles, as a sign of bulls accumulating for the bull run big rally.
- Small bounces: Yes the market can make some bounces from here at 40ish range, if you are a day trader I bit you know better than me on this one
#Bitcoin #SwingTrade #TrendAnalysis
- Golden zone: is the area where Bitcoin will potentially mark the bear market bottom, and most traders will agree its a bear market and flip bearish, the bear market will be at it final accumulation zone.
- Capitulation volume: You will notice that during the last capitulation, corresponding to the golden zone fat volume candles, as a sign of bulls accumulating for the bull run big rally.
- Small bounces: Yes the market can make some bounces from here at 40ish range, if you are a day trader I bit you know better than me on this one
#Bitcoin #SwingTrade #TrendAnalysis
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