Could this be the moment we have been waiting for? The people who have been on the sidelines, awaiting for their moment to pounce on some blood!? Who knows - but we can evaluate the market in such a way that we may be slightly more clued up, than just putting a finger in the air.
From the dizzying BTCUSD highs of this week (excluding the 19K USD...
With BTC at another ATH (All Time High), the question is - once it hits the magic 10K USD and everyones sell limit orders hit - where are we going next!?
| SUMMARY |
Based on the premise that "previous resistance becomes new support" (Thanks Nicholas Merten - Data Dash), as well as several other data points, we can carry out analysis as follows:
The BTC/BCH Pump & Dump is an interesting aspect of the amount of manipulation that can still occur within the "Large Cap" Coins. Macro forces are definitely in play within this particular movement.
"The Cashening" seemed like an opportune moment for BCH community/stakeholders to push for a market grab, due to the instability that Segwit2X caused.
| Summary |
Evaluation of BTCUSD price moving from Bull to Bear trend, using the 100d MA as a Support/Resistance indicator since 2012 (using Bitstamp).
# How long it takes BTCUSD hitting 100d MA moving to Bull
# To how long the bull lasts per period, with the conclusion of the bull trend being the price hitting 100d MA and remaining there for more than a...