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📉 The Tightening MA 100 and MA 200: A History of Bull Markets Cryptocurrency markets have an intriguing history of patterns and cycles. Many traders have observed a notable sign that often heralds a bull market: when the Moving Averages (MA) 100 and 200 start to converge. This historical market indicator is back in focus as recent market conditions have seen these moving averages constrict. The Significance of Moving Averages: Moving Averages, particularly the MA 100 and MA 200, are essential tools in technical analysis. When these two indicators converge and approach each other, they often create a technical event called a "golden cross." This suggests an impending shift in market sentiment from bearish to bullish. Contraction as a Prelude to Expansion: Notably, this time around, the market displayed an even more compelling scenario. Not only did we witness the MA 100 and MA 200 coming close, but we also saw a dip below these averages. This event created a historical context where traders had to navigate the market under the MA 200, which was followed by a swift recovery. The Essence of Challenges: In the world of trading and investing, it's essential to remember that difficult times often cultivate the strongest individuals. These challenges, which include price volatility, market manipulation, and psychological pressures, help shape resilient and knowledgeable traders. Trading Strategy: Preparation for the Future: Traders are increasingly vigilant of the MA 100 and MA 200 interaction, especially when it comes to the potential formation of a golden cross. While historical patterns offer insights, it's critical for traders to adapt their strategies based on the current market climate and the broader economic landscape. Conclusion: Lessons from History The market's oscillations have offered lessons over the years. As the MA 100 and MA 200 constrict, market participants are reminded of the significance of this historical technical indicator. While challenges often precede opportunities, they can also shape traders into more adaptable and resourceful individuals. 📊 Market Analysis | 🧠 Trader Insights | 💹 Technical Indicators ❗See related ideas below❗ What are your thoughts on the convergence of MA 100 and MA 200?💚📈💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
1
Exploring Fibonacci Magic Levels in Bitcoin 💹📈After delving into technical analysis in Bitcoin, " Fibonacci Magic Levels " were created. 📉🔬 It is based on the continuity of various Fibonacci levels, ranging from a smaller scale to well-known levels. By precisely calibrating various Fibonacci retracement and extension levels in our Fibonacci Channel, we have identified highly relevant patterns in Bitcoin price behavior. 📊✨ These "magical levels" seem to strongly influence support and resistance areas, contributing to strategic trading and investment decisions. 📈📉
INDEX:BTCUSD
by joaowedsonf
🔥 Historical Bitcoin Bull-Markets Predict PUMP 🚀In this analysis we're going to take a closer look at the three previous Bitcoin bull-markets, and compare them to the current one. To clarify, I calculated that a "bull-market" starts at the bear-market lows and ends at the bull-market highs. As seen on the chart, the 2011 bull-market was an outlier. There was very little volume, which resulted is massive changes in price in a relative short amount of time. The 2014 and 2018 runs look fairly similar. Both were very choppy for the first year, but ended up following a similar bullish path. The white line, which is the current market, has followed a path in between 2014 and 2018, until we got the most recent BTC break out. In some sense, this makes 2022 an outlier. Like I mentioned in my previous comparison analysis, Bitcoin and crypto are going to be fine. We're well on track towards the halving and the following bull-market. Which market path do you think we will follow? Straight up like 2011, or a more gradual approach like last year? Share your thoughts 🙏
INDEX:BTCUSDLong
by FieryTrading
14
Macro BTC pattern shows path to 42-44K then 32KThe chart is self-explanatory. All I have done is taken the Bar Patterns at the 15K lows and matched them with the lows at 25K, there are astonishing similarities. Go ahead and have a look at all the similarities I have highlighted. This pattern suggests, we should soon have a pump to 39K region, then a dump to 34K region followed by a pump to 42 to 44K region and then a large dump to 32K region. The dump to 32K would be akin to dump at 19.5K from 25K and then 32K region could act a strong S/R flip to push the btc price to new highs. It's possible that this may not repeat exactly like before, but when there are so many similarities, we should pay attention. This is not at all surprising to me, Infact I have been targeting 40K from past 8 to 9 months while most traders were bearish and calling for severe downside. I also call the 15K bottom Macro bottom when others were expecting more downside. I am again saying 25K is a major bottom in the BTC cycle. I have added links to those posts where you can find details about the above claims. Note: Even though patterns tend to repeat on macro timeframes, there is no guarantee that they will, all these similarities can go out the window. I personally will start taking this pattern seriously if we Pump to 39K region withing next 5 to 7 days, which is what we can see from the BAR feed copied from 15K region.
BYBIT:BTCUSD.PLong
by zakoraio
bearish retest of top rangeThings are moving fast. Too fast. The last time things moved this fast was before a big blowout. Looking to get in to a 1x short over the next weeks depending on how chart looks. Maybe we see a wick up on the next monthly candle and then retrace? Good luck everyone, good luck to the people who are buying this to hold for longer. It's not back sorry this is not how bull markets start or are being made, .. this is the first lower high and everyone who is still holding this ponzi or still desperate enough to trade this day by day and follow altponzis gets exited. If youre in a rush to make money youre in a rush to lose money. patient.
BITSTAMP:BTCUSDShort
by ellyn2121