BTC relationship with Weekly-MA (The idea I shared 4 months ago)
First of all, this is not a investment advice. A graphic I shared 4 months ago worked:
Bitcoin-USD chart rising throughout 2017 then:
- It bounced back from the MA 200 in January 2019, when it dropped to the MA 50 in March 2018.
Bitcoin-USD price has entered the bull season again in the ongoing process:
- It bounced back from the MA 200 in March 2020, when it dropped to the MA 50 in December 2019.
Bitcoin-USD price that started to rise again in the ongoing process:
- In May 2020, the MA 50 was seen as resistance, where the price was seen to be consolidating for a while and the uptrend continued.
- Bitcoin-USD price saw ATH in March 2021, entered a downward trend and continued to rise, seeing the MA 50 as support again in July 2021.
- The Bitcoin-USD chart, which saw ATH in November 2021, started to decline and when it came to December 2021, it once again saw the 50-week MA as support and tried to make a small rise, but could not hold and continued its downward movement.
Inference from the past, the chart said it was reasonable to wait for a return to the 50 MA. In short, when I was doing this analysis, everyone was looking for direction. I found I was able to predict BTC movement with little knowledge and effort. I guess I'm lucky :)
MA: Simple Moving Average (its not EMA)
MA Period: Weekly
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Geçmişteki fiyat hareketinden yaptığım çıkarımla, grafik 50'lik MA'ya dönmesi beklemenin mantıklı olduğunu söylüyordu. Kısacası bu analizi yaptığım dönemde herkes yön arıyordu ve az bilgi ve çaba ile BTC hareketini tahmin etmeyi başardığımı gördüm. Şanslıyım galiba :)
Bitcoin-USD chart rising throughout 2017 then:
- It bounced back from the MA 200 in January 2019, when it dropped to the MA 50 in March 2018.
Bitcoin-USD price has entered the bull season again in the ongoing process:
- It bounced back from the MA 200 in March 2020, when it dropped to the MA 50 in December 2019.
Bitcoin-USD price that started to rise again in the ongoing process:
- In May 2020, the MA 50 was seen as resistance, where the price was seen to be consolidating for a while and the uptrend continued.
- Bitcoin-USD price saw ATH in March 2021, entered a downward trend and continued to rise, seeing the MA 50 as support again in July 2021.
- The Bitcoin-USD chart, which saw ATH in November 2021, started to decline and when it came to December 2021, it once again saw the 50-week MA as support and tried to make a small rise, but could not hold and continued its downward movement.
Inference from the past, the chart said it was reasonable to wait for a return to the 50 MA. In short, when I was doing this analysis, everyone was looking for direction. I found I was able to predict BTC movement with little knowledge and effort. I guess I'm lucky :)
MA: Simple Moving Average (its not EMA)
MA Period: Weekly
---
Geçmişteki fiyat hareketinden yaptığım çıkarımla, grafik 50'lik MA'ya dönmesi beklemenin mantıklı olduğunu söylüyordu. Kısacası bu analizi yaptığım dönemde herkes yön arıyordu ve az bilgi ve çaba ile BTC hareketini tahmin etmeyi başardığımı gördüm. Şanslıyım galiba :)
Feragatname
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