- This has only happened twice before (2015 & 2019), so could easily be considered to have co-incidentally reversed price as opposed to being an established pattern
But TA has like 100 years. There is no need to invent new indicators that worked or did not work last 2 times for bitcoin (most likely small sample error). There are indicators that work f.e. 60% times for all assets. For example rising wedge:
" In 82% of cases, the exit is bearish. - In 55% of cases, a rising wedge is a reversal pattern. - In 63% of cases, the pattern's price objective is achieved when the support line is broken. - In 53% of cases, the price makes a resistance pullback on the rising wedge's support line."
https://www.centralcharts.com/en/gm/1-learn/7-technical-analysis/27-chart-patterns/502-rising-wedgeBear Flag Pattern (67.72% Success) The flag is a continuation pattern that can occur after a strong trending move.
Double Top Pattern (75.01%)
Head and Shoulders Pattern (83.04%)
https://samuraitradingacademy.com/7-best-price-action-patterns/And when we are talking about moving averages. The most popular is golden cross and dead cross which is 50 day crossing 200 day. Not 50 week crossing 100 week. In fact its hard to find probability of success of this indicator on big sample (f.e stocks in last 100 years). Even if I'm wrong and 50 WMA crossing 100 WMA is a well known and well described indicator with known probability than the fact that it wasn't successful here in crypto last two times means nothing.