In the last 5 years, BTC has had five periods during which it traded above its 50-day EMA for significant stretches of time. These lengths were 105 days, 56 days, 91 days, and 112 days. It has currently been trading above its 50-day EMA for 147 days. It nearly touched its 50-day EMA once on January 27th (111 days).
Additionally, the 105-day, 56-day, and 91-day runs were tightly grouped. However, on those occasions, BTC met up with its 20-day MA and 50-day EMA, indicating support at those levels. This was not the case on Jan. 27th, nor is it the case now with BTC trading 14% above its 50-day EMA. I, for one, will be looking for more pullback in the short term.
Additionally, the 105-day, 56-day, and 91-day runs were tightly grouped. However, on those occasions, BTC met up with its 20-day MA and 50-day EMA, indicating support at those levels. This was not the case on Jan. 27th, nor is it the case now with BTC trading 14% above its 50-day EMA. I, for one, will be looking for more pullback in the short term.
Not
Like I always say. I don't know what I'm doing. Boy, was I ever wrong. Please don't listen to me!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.