Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I cannot tell what you are talking about when you refer to MA.. are you talking about the weekly MA? The 200 Weekly Moving average is currently at about $20,700, so if you are suggesting that the BTC price is either approaching the 200 WMA or had already tested it, then you seem to be quite far off of that. Sure, on January 24, the BTC price did spike down to $32,951, but on January 24, the 200 Week MA was at $19,253...
Correct, I meant 50 MA. The theory I was talking about:
I just realise who you are... You're John Nash! Patterns and hidden messages everywhere.....
According to this, we haven't reached the peak nor the bottom.
So we haven't reached the peak nor the bottom... Ok.. Tell us what else you are seeing... (less than one hour later)
Hey Everyone,
Drawings on Chart:
Bottom - Green Line
Peak - Red Line
Halving - Yellow Line
200 MA and 50 MA are being used.
Does anyone notice the halving occurs in the center of where Bottom Starts and Peak Ends?
2011 to 2013, Halving happened in 2012 which was the center of that period.
2015 to 2017, Halving happened in 2016 which was the center of that period.
2018 to 2021, Halving happened in 2020 and if we consider the 69k ATH as a Peak, we see the halving is in the center once again.
Projected Bottom -
It is calculated on the basis of average number of days it previously took to reach Bottom from the Peak.
4th Halving Projection -
The date is from this source: https://www.deltecbank.com/2022/02/28/bitcoin-halving-2024/
Let me know what you think about this.
Thanks!
Drawings on Chart:
Bottom - Green Line
Peak - Red Line
Halving - Yellow Line
200 MA and 50 MA are being used.
Does anyone notice the halving occurs in the center of where Bottom Starts and Peak Ends?
2011 to 2013, Halving happened in 2012 which was the center of that period.
2015 to 2017, Halving happened in 2016 which was the center of that period.
2018 to 2021, Halving happened in 2020 and if we consider the 69k ATH as a Peak, we see the halving is in the center once again.
Projected Bottom -
It is calculated on the basis of average number of days it previously took to reach Bottom from the Peak.
4th Halving Projection -
The date is from this source: https://www.deltecbank.com/2022/02/28/bitcoin-halving-2024/
Let me know what you think about this.
Thanks!
Wait.. according to this wonderful chart with pretty lines, we have reached the peak and are now heading down!
Very contradictive... But I also realise now what you are doing... You post bearish charts and then claim you are still bullish... pretty much hedging your bets, like you need to prove your an expert TA!..
You come back months later find a post that matches a condition and cry out loud "See see see, I told you!"
As I said before, throw enough shit on the wall, eventually some will stick!