Bitcoin Life-cross - Never a false signal

Moving averages do not feature much in my ideas, probability versus risk is my preference. However many market participants use moving averages for decision making. If that’s you, this post is for you.

Previously Bitcoin entered a new bull market when:

1) A weekly candle printed as support on the 21-week EMA (yellow line.
AND
2) The 21-week EMA crossed up the 50-week SMA (blue line).

Last week just confirmed a new cross. <$25.5k is an ‘incredibly buy’ opportunity.

Ww


Previous crosses:

June 2020, 640%
May 2019, 160%
November 2015, 6600%
July 2012, 18600%

2015

2012

액티브 트레이드:

Weekly life cross confirmed. Months of uptrend ahead.

코멘트:

The last long entry following the 25K mark is now 29k.

코멘트:

Despite the last comment it remains valid, this correction will be short lived.

Life cross and 1st test of the 50-day SMA

The upward channel

More exciting that all this is the 2-day life cross. It just printed and like the 1-day life cross a correction is seen. Should have caught this but not all seeing.

2-day

Like the 1-day like cross a test of the 2-day/200-day as support will show the market is in a new uptrend. Look left at previous 2-day life crosses.

July 2020 2-day life cross

코멘트:

2-day life cross now confirmed. 48k in the next 2-3 months has a very high probability.