BTC, Halving and the 200MA
Updated
-BTC could bottom, as usual, on the 200 weekly MA - before, during (on the same day) or shortly after halving
-Halving is over-hyped socially, but no one will FOMO or market buy BTC just because of it
-Daily oscillators look like they want to go down
-Volume is decreasing
-Halving would bring volatility, so a quick dip to 200 MA could wake bulls for the start of new parabolic run
-Halving could bring nothing, so many could sell shortly after it due to lost patience/hope
-Halving is over-hyped socially, but no one will FOMO or market buy BTC just because of it
-Daily oscillators look like they want to go down
-Volume is decreasing
-Halving would bring volatility, so a quick dip to 200 MA could wake bulls for the start of new parabolic run
-Halving could bring nothing, so many could sell shortly after it due to lost patience/hope
Comment
currently monitoring if the price will break the 8000 level and dip below the white bands or will bounce around 8200-8500
Comment
*hint H&SComment
if this 200 weekly MA is the "real" bottom, we will test is a couple of times before we go up again (like early January 2019). don't rush to buy and wait to see how the market will react
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