Okay, you know this kind of charts. Many have already posted this. Me too. But nevertheless I would like to point out a special detail:
Daily VMA200!
The Volume Moving Average is a basic technical indicator representing the average volume over a specified period of time. The D VMA200 is a very good indicator for the main levels of BTC imo. We also know this levels from the Bitcoin stock to flow model.
Bitcoin stopped exactly at the VMA200, as in 2018. But this time it's different. We are in an early stage after halving. What does that mean? The VMA can be understood as an extremely strong support line, continues to indicate an uptrend. One thing is certain, we will now see a strong pullback.
What might the final period look like now?
I see here a course as in 2019. That would mean the price of today would either increase by a factor of ten, to fall back after to the stock flow level of 115k.
Indicators work good, until proven wrong. Keep it in mind
BTCINVESTING
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@IasEn, indeed. but now it works. thx for your comment.
AdrianZen
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I could probably start looking into astrology to find guidance for Bitcoin but all we need is a higher high to confirm a reversal. Give us 43k and it should be fine. No VMAs or other "bias confirmators".
BTCINVESTING
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@AdrianZieniewicz, its your decision. hh hl ll and lh are very important for trading. we do not look at one single indicator. its allways a combination. and as i wrote vma200 is only a detail not the whole story. thx for your comment. :-)
AdrianZen
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@btcinvests, sometimes I'm too edgy. Apologize for the tone.
trigalrunner
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You say we will see a strong pullback, but at what point? Thanks in advance ...
@btcinvests, Thanks so much! And could we potentially be going down to 25k to fill a gap or what is the reason? Thx...
BTCINVESTING
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@trigalrunner, yes there is a gap. but neednt be filled. right now we have a strong support. thats the reason why it could be the bottom. but we must hold here and need a higher high for more up. orherwise one more down to 25 is also possible. so i bought the tip. but i m far away from all in.
trigalrunner
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@btcinvests, Yikes, a drop to 25k would be so cruel...lol! Thank you for your teaching. Much appreciated!