Discover and read the best of Twitter Threads about #200DMA

Most recents (1)

Profile picture
venturef◎undΞr
@venturefounder
#Bitcoin has been making higher highs since the crash to $18k, but the recovery is nothing impressive after a crash of this magnitude.

I think #BTC might stay in this area for sometime waiting for July CPI number, macro decisions (Fed) and Q2 earnings/recession confirmation. Image
But to be fair, this crash is significant because it has brought #Bitcoin down to the level in sync with previous cycle bottoms.

#200WMA gives a bottom target of $22.4k, #BTC is now below that.

BTC also resting on 1 fib extension level in this correction, like 2018 cycle bottom Image
3D deathcross-capitulation model gives a target of $15.5k #Bitcoin for this cycle bottom, #BTC has come close to this target during the crash but didn't hit it.

Notice the 3D RSI wasn't as oversold yet as with the 2018 cycle bottom. Image
Read 5 tweets

Related hashtags

#200DMA #50MMA #BTC #RSI #Bitcoin #200WMA

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!