Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AlcoHoDL
on 29/06/2022, 04:34:00 UTC
⭐ Merited by JayJuanGee (1)
Voted YES in the new poll about reaching the bottom.

Also, I don't think the 200-Week MA is "dead". Not yet anyway. Just visit the link, or see the attached screenshot. It has been crossed, but only barely, which has happened a few times in the past. If the price picks up from here, it will just be another deep blue dot touching the 200-WMA on the chart. It all depends on where the price goes next. And even if a deep and long dip eventually "kills" it, it doesn't mean much, really. MA indicators do not contain some high-level intelligence that can tell us something very useful when breached. They are just averages of price data.

JMHO.