Every time a death cross happened (200/50MA cross) BTC has entered into a bearish cycle.
During JULY 2017 bullrun, BTC was close to complete a deathcross, 50 and 200MA were getting closer, but after the "dip" a strong rejection happened and price recovered.
That was BTC hope for nowadays price action once we fell from 64k, but then 30k flash crash happened and 200MA 1D (39k) was pierced.
Can we go push prices above 200MA 1D massively and quick so 50MA moves higher quickly and draws away from 200MA avoiding a massive death cross?
It's last BTC hope for resuming the bullrun, otherwise BTC will complete a wyckoff distribution following by an accumulation which may take months.
Marketbuy or crash.
NFA.
During JULY 2017 bullrun, BTC was close to complete a deathcross, 50 and 200MA were getting closer, but after the "dip" a strong rejection happened and price recovered.
That was BTC hope for nowadays price action once we fell from 64k, but then 30k flash crash happened and 200MA 1D (39k) was pierced.
Can we go push prices above 200MA 1D massively and quick so 50MA moves higher quickly and draws away from 200MA avoiding a massive death cross?
It's last BTC hope for resuming the bullrun, otherwise BTC will complete a wyckoff distribution following by an accumulation which may take months.
Marketbuy or crash.
NFA.
Comment:
My last idea:
Wyckoff distribution + accumulation = bearish mid term
Wyckoff distribution + accumulation = bearish mid term
Comment:
I see 4 scenarios:
a) BTC pumps inmediatly and avoid 50/200MA deathcross, 2017 summer style.
b) BTC completes wyckoff distribution.
selling climax (SC) 20-30k - sideways (wyckoff acummulation) for 6 months, new distribution by EOY, new ATH, 2013 style.
c) BTC completes wyckoff distribution.
selling climax (SC) 20-30k - sideways (wyckoff acummulation) for 15 months, new distribution by 2022 summer, new ATH. Related to S2F model longer cycles.
d) BTC is attacked by all means by govs as they see it as a threat for their future DIGITAL FIAT. Price variable tend to 0.
a) BTC pumps inmediatly and avoid 50/200MA deathcross, 2017 summer style.
b) BTC completes wyckoff distribution.
selling climax (SC) 20-30k - sideways (wyckoff acummulation) for 6 months, new distribution by EOY, new ATH, 2013 style.
c) BTC completes wyckoff distribution.
selling climax (SC) 20-30k - sideways (wyckoff acummulation) for 15 months, new distribution by 2022 summer, new ATH. Related to S2F model longer cycles.
d) BTC is attacked by all means by govs as they see it as a threat for their future DIGITAL FIAT. Price variable tend to 0.
Comment:
Scenario b) displayed as 12345 count
On the other hand, there is an interesting bullish divergence which is showing up how price is trending upwards over the years even for the bottoms.