Bitcoin Cycle Accumulation Zones -150W & 200W SMA [CYCLE 3]
Historically during BTC cycles as measured from Bitcoin halvings, investor sentiment reaches over sold levels which have attracted long-term accumulation by investors. In each cycle to so far, the 150W SMA and the 200W SMA have done a good job at identifying this accumulation zone.
We have seen so far in each cycle, once the cycle All Time High (ATH) has been set in for BTC, price has become range bound and squeezed between the 200D SMA and the 600D SMA (see post A Critical Analysis of the 200D (Aqua) & 600D (Teal) SMA). Current price behavior is suggesting we have put in our ATH for cycle 3 based on this analysis. https://www.tradingview.com/chart/BTCUSD/37K1ic52-A-Critical-Analysis-of-the-200D-Aqua-600D-Teal-SMA/
Historically, once BTC has broken the 600D SMA and has again done so in Cycle 3, price migrates to the 150W SMA and eventually the 200W SMA which it becomes range bound. This area for Cycle 1 and Cycle 2 have shown great accumulation opportunities for long term interment.
RE ACCUMULATION ZONE TIME FRAMES ANALYSIS * See post 'A Critical Analysis of the 200D (Aqua) & 600D (Teal) SMA' for discussion
KEY CHART ITEM LEGEND * TEAL LINE (LIGHT BLUE) - 200D SMA * AQUA LINE (DARK GREEN) - 600D SMA * GREY LINE - 150W SMA * NAVY (DARK BLUE) LINE - 200W SMA * Navy Box - Re accumulation Zone Time Frames
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