Bitcoin Buy Signal: Why The 200-Week Moving Average Has Been A Flawless Entry...
The 200-week moving average is one of the most critical macro indicators for Bitcoin, serving as the definitive divide between bear market capitulation and long-term accumulation. While BTC’s price movements are notorious for their sudden, dramatic swings, history shows that the 200 WMA technical indicator has stood out with remarkable consistency. How The 200 WMA Has Defined Every Bitcoin Cycle Luke Broyles, an observer of Bitcoin’s market cycles, has noted on X that BTC has been screaming buy all 5 times that it hit the 200 WMA. This track record leads many to ask if they....
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The latest Bitcoin uptrend is its most powerful yet, and while momentum has clearly been up for some time, an ominous sell signal has appeared. And while the cryptocurrency has shown little signs of slowdown, the top-sniping signal that perfectly called the 2019 peak is back again. Will this sequence-based signal result in near flawless […]
The MACD indicator hints at a potential bullish crossover as Bitcoin’s price retests $40,000 as support. A crossover between two Bitcoin (BTC) moving averages that appeared before the 2020 price boom is hinting at making a return in 2021, just as the flagship cryptocurrency eyes a bullish breakout from its current $30,000–$40,000 trading range.The indicators in focus are the MACD Line and Signal Line. MACD is an acronym for Moving Average Convergence Divergence, and a MACD Line represents the difference between the 12- and 26-period moving averages. Meanwhile, a Signal Line is a....
Litecoin hasn't really moved in the past 24 hours with the price oscillating between $1.69 and $1.73. But this was always a possibility after the cryptocurrency was hit by a bout of extreme volatility. For each Litecoin, you will now have to shell out $1.69. After technically analyzing the 240-minute LTC/USD price chart, it can be safely said that the cryptocurrency will respect the new range for quite some time. Hence, traders may benefit immensely from range trading following the analysis presented below. Moving Average - The price chart above clearly reveals that the 20-4h moving....
Traders use the MACD indicator to identify turning points, facilitate entries on pullbacks and capture the larger part of a move until the trend starts to reverse course. The Moving Average Convergence Divergence, also called the MACD, is a trend-following momentum indicator used widely by traders. Although the MACD is a lagging indicator, it can be very useful in identifying possible trend changes.BTC/USDT daily chart. Source: TradingViewThe MACD oscillates above and below a zero line, also known as the centerline. The shorter moving average is subtracted from a longer moving average to....
Data from Bitcoin's Mayer Multiple suggests low risk/return conditions at current levels, but macro conditions still trouble long-term optimism. Bitcoin (BTC) is attempting to reclaim a key long-term moving average, but the time to buy is before, not after, one metric hints.In a series of tweets on March 29, on-chain monitoring resource Ecoinometrics eyed a classic entry for BTC/USD as flagged by the Mayer Multiple.Mayer Multiple nears pivotBitcoin price strength has endured as the week gets underway, the largest cryptocurrency putting in its highest levels of 2022 overnight.Some key....