BTC - Update With price having spent several weeks above the 365-day VWAP and 50-week MA, prolonged acceptance back below both would be far from constructive. Arguably, the time…
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$BTC - Update With price having spent several weeks above the 365-day VWAP and 50-week MA, prolonged acceptance back below both would be far from constructive. Arguably, the time to turn bearish wa…
$BTC - Update With price having spent several weeks above the 365-day VWAP and 50-week MA, prolonged acceptance back below both would be far from constructive. Arguably, the time to turn bearish was last Q4. Near-term structure remains weak, but as someone looking to build longer-term Bitcoin exposure, I'd welcome lower prices (selfish I know) Show me improving structure and key levels being reclaimed. For now, that means weekly and monthly closes back above the 50-week MA ... Weekly chart - were at a key significant macro mid level - and I've repeatedly highlighted the weekly Stoch RSI rolling over as a reason for caution, not a signal of renewed upside momentum. It's a simple framework, outlined across recent tweets (see the previous ones under this thread) respect the structure, recognise the loss of momentum and let price confirm the turn... right hand side of momentum and I'll step in again... 60-80k - Looks like a range, trades like a range then it probably is a _ _ _ _ _
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