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200weekly

200 Week Moving Average - The Line in the Sand for BitcoinFood For Thought: $Bitcoin 200-Week MA The 200-Week MA is a topic that has been circulating in CT, and I will give you my thoughts on it and what this could mean for $BTC. With the current levels, I have marked in my chart that $7,726 - $7,176 is the level you have to stay above for the monthly time frame. The box is your line in the sand for any future to be seen for Bitcoin. Any monthly close below these prices, Bitcoin will drastically fall to $1190. If we stay above this box, there is the possibility that Bitcoin is not dead, and we will see new all-time highs. Bitcoin has closed firmly below the 200-Week MA for the first time in 6 years after trading above it all this time. The only way for Bitcoin to be saved is if we get multiple weekly closes above the 200-Week MA. If we cannot do so, there is a high possibility that we will be in a bear market for five years or more until we get to my highlighted box. I am fully aware of Bitcoin and the purpose of the technology. The idea of Bitcoin dates back to 1871, through the Austrian School of economics described as a theory. But, you can not discount the fact that Bitcoin can fail. With any investment, there is a possibility it can fail. This scenario is what makes sense to me, and you should not ignore any possibility. Price is never random. "Nothing endures but change."
INDEX:BTCUSD
by CR38TOR
2
Bitcoin needs to break the 200 week!Hello Friends! Traditional markets are closed tomorrow (6/20/22) and BTC might have an extra day for some positive gains/reaction rally. Be careful here, the macroeconomics are not supporting crypto or traditional markets. Let’s look at some levels to watch. The 200 week ($22350) is the biggest level for BTC to target in the short term. $19,800 (December 2017 high) must be held to support any traction up towards testing the 200 week. If $19,800 can hold support, keep an eye on $21,940 on its way to the 200 week. Also, keep in mind that this current drop is coming off a massive bear flag break. If this flag plays out fully, BTC can further drop to the $12K to $14K zone. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
by MoneyFishing
Is this the time the 200W MA BREAKS for BTC?This could be the time that people learn that the 200W MA is NOT some magical bottom signal. It is just an average of past prices that HAS TO BE BROKEN at some point. Just like the 200D MA has been broken multiple times the weekly can be broken as well. It just takes longer to play out. # Why this time could be the time it breaks It is the first time that the 200W MA is OUTSIDE of the "green bottom channel" of my proprietary BTC pricing model based on mining difficulty. Because of the substantial gap between the 200W MA and the bottom green corridor, this could be the time the 200W MA breaks by visiting the green area. # Peoples reaction Now that it seems to be the consensus that the 200W MA has to hold (because it did the last 3 times), I can see many people going all-in if prices go there. Consequently, it would devastate a lot of people if this time it doesn't hold. This could cause quite a bit of panic and depending and how long it takes to get there, prices could stay under the 200W MA for an unprecedented long amount of time. # The BTC difficulty model I created the model in 2019. It predicted the Mar 2020 bottom and with its help, I was able to get an idea of where the top of the cycle would be back in May 2020 (check ). Now it is just a model and all models are wrong and it doesn't tell us that prices have to go to the green area again. It is useful to see what is possible in the future based on what was possible in the past. # Takeaways have a plan for what you do if you buy the 200W MA and it doesn't hold Moving Averages of any length and timeframe are AVERAGES and even if prices are skewed they HAVE TO VISIT the other side at some point no one knows what will happen in the future -> don't get married to any idea -> adapt the 200W MA doesn't have to break just keep in mind it is a possibility it can be a slow bleed until we break
BNC:BLX
by aamonkey
8
Bear Flag on the weekly?Hello Friends! It looks like a bear flag is forming on the weekly. Last time BTC moved up to $69K it was trading above the 50 week. Now it’s below the 50 week and looks like a flag is forming between the 50 and the 100 week. Break below the 100 week can push it down to $20-25K (200 week). As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Short
by MoneyFishing
Capitulation on BTC ~ MacroCapitulation is defined as surrendering or ceasing to resist. In the market, it means when investors give up any previous gains in any security or market by selling their positions during periods of decline. Historically speaking, it is also the very best moment to enter the market. For as long as we have been able to use the 200 weekly weighted and simple moving average, the range within has worked as a range where capitulation has happened. 2015-2016 lasted 42 weeks 2019 lasted 20 weeks 2020 lasted 6 weeks Everyone is expecting the 30K level to hold, if it doesn't, we will see capitulation.
INDEX:BTCUSD
by dorfmanmaster
3
200 Week Moving Average Forecast ? BTC/USDT #Bitcoin $BTC A recent article stated that Bitcoin will never drop below its' 200 Week MA near 6700 ever again . I disagree . WE have clearly dropped below it in March . We wicked quite a bit below it . Down to that purple lower trendline .I believe we will wick down there again - it is certainly possible and that would take us to approximately 5xxx or 4xxx or possibly lower but probably not until 2021 as Bitcoin is still bullish for the moment . You can see that important 200 Week MA in blue on my chart with the blue arrow pointing at it , and it's sitting near 6700 now . I have to disagree with people who say this will hold in the future as we can always wick below ( and recover quickly . ) I think we will wick below the 200 Week MA and go down to that lower trendline which you see on my chart in purple with a purple arrow pointing at it . A wick down there could happen in 2021 imo .
B
by shimmeringpath
200 Week Moving Average Forecast ? BTC/USDT #Bitcoin $BTC What will next year bring for Bitcoin price ? Does the 200 Week Moving Average actually act as a support for Bitcoin ? A recent article that literally came out today says will BTC will never drop below its' 200 Week MA which sits near 6700 as you can see on the chart ( it's the blue line with the blue arrow pointing at it .) So they are saying Bitcoin will never drop below 6700 ever again ? I disagree . As you can see we clearly dropped below the 200 Week MA in March - and actually wicked quite a bit below it . If we follow that March wick down we see our lower trendline in purple with a purple arrow pointing at it . I think Bitcoin will wick down here again , probably next year , and that would take us down to 5xxx or 4xxx ,possibly lower . But definitely that is below 6700 ! I suspect the author of the article is not really a trader . Did they even look at the chart ? Anyway I respectfully disagree with their statement that Btc is not going below 6700 again . I think it is , but will be in 2021 .
B
by shimmeringpath
Comparison Of The Current Bitcoin Drop And That on January 2015 Please leave a LIKE if you enjoy the analysis. This is a continuation of my previous idea which can be found here: On January 2015, the BTC price reached the 200-week moving average (white) and bounced above it. While it initially it looked as if it was going down, going as much as 15% below it, it proceeded to increase and close above. The current downward move was stronger than the one in 2015. The BTC price decreased by a full 30% below the same MA, prior to increasing an reaching a close right at it. The current increase has taken the price well above this MA. If the fractal continues to hold, the BTC price will increase above $8000, which is the beginning of the candlestick of the rapid decrease, before dropping sharply and creating a new support area near $6000. Therefore, the price would increase significantly going into the halvening (vertical line), before decreasing and touching the MA once more. If this movement takes the same amount of time as that on 2015, the price will touch the MA once more on October 2020.
BNC:BLXLong
by BitcoinMaximus1
Altcoin Dominance Bouncing From 0.382 Fib Retracement Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" (1-BTC.D+99) needs to close the weekly above the 200 MA to remain bullish, but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level. This would be a trade on the monthly scale on the left with the price bouncing back from the 20 MA to the 50 Month MA. Related altcoin dominance/market analysis... Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming? Altcoins Bouncing From 200 Week MA after TD Sequential 9
CRYPTOCAP:BTC.DLong
by dragononcrypto
ETHUSD: Needs To Again Breach 200 Week MA For Ultra Bullish CaseETHUSD needs to again breach the 200 Week MA @ $222.72, as well as the 20 Week MA just above it at $231.30, in order to make a new swing high above the green 1 at $230.54. Following the TD Sequential 9 earlier this month, Ethereum against the US dollar has bounced back over 20% while currently holding onto approximately 15% of it's gains. A green 2 moving above the green 1 for ETHUSD would be an ultra bullish move, hence a long trade from $232 with a stop loss at $184.5 below the green 1 for a 2.75 risk reward ratio. The target would be the 100 Week MA. See related ideas: Altcoins Bouncing From 200 Week MA after TD Sequential 9 Altcoin Dominance Bouncing From 0.382 Fib Retracement
POLONIEX:ETHUSDLong
by dragononcrypto
Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming?Is this the start of another alt season? Altcoin dominance needs to close above the 200 Week MA at 30.65%. Despite the downward trend of the 20, 50 and 100, the 200 remains in a bullish posture trending upwards. Is Bitcoin going to sell off and profits go towards altcoins finally? MACD is looking to bull cross soon, the RSI is leaving oversold territory after three months of being oversold, monthly RSI has been finding support at 40. The altcoin market has otherwise found support from the 200 Week MA in recent weeks :-)
CRYPTOCAP:BTC.DLong
by dragononcrypto
Altcoins Bouncing From 200 Week MA after TD Sequential 9Time to consider altcoins again, if only you could buy the market... Altcoins are starting to bounce from the 200 Week MA. Closing above the 100 Week MA would be bullish enough for me, similar to when we found support at it in March 2018. Otherwise hoping for the week to end on a green 1, in order to buy into a green 2 moving above the 100 Week MA early next week. Target for trading altcoins against USD would be to the 50 Week MA. ETH, LTC and XRP come to mind. If altcoins fall below the 200 Week MA, then fuck it off.
CRYPTOCAP:TOTAL2Long
by dragononcrypto
BTC Dominance Rising Wedge Theory Each trendline has three points of contact and are logarithmically getting closer together: rising wedge pattern. BTC Dominance beginning to look overextended (TD) and overbought (RSI) while testing resistance between 72-74%. This is far from a perfect rising wedge as it excludes the September 2018 head fake, but a theory worth considering. BTC.D closed above it's 200 Week MA (70.5%) for the first time ever last month. A close below could be fatal. Currently expecting a January 2020 "mini altseason" with full-blown altseason in Winter 2021.
CRYPTOCAP:BTC.DShort
by dragononcrypto
1
BTCUSD: A repeat of 2014? Worst Case Scenario A $2,500 LowPart 3 of If Bitcoin Repeats History? . This worst case scenario extrapolates the second half of the 2014 bear market going into 2020 with ATL at $2,500 and new ATH in November 2021, as well as reaching $30,000 within the same year. This assumes a double bottom will form in April 2020 prior to the halving, followed by 1.5 years of accumulation/consolidation, with a new ATH being made 4 years after the 2017 ATH.
BNC:BLXShort
by dragononcrypto
Descending Triangle BreakdownIt may happen tomorrow or it may string us along until the end of the year but it would seem this descending triangle has the potential to drop back down to support from LAST YEAR'S descending triangle. If this takes as long as before and we end up consolidating well into it's apex that would give time for the 200 week MA to move up and create strong support again as well (just like last year). This also makes sense with the Fib retrace because dropping to last years support would put us in the "golden pocket" between the 61.8% and 65% lines. I drew the fib using monthly candles which is why it falls a little short from the top of the triangle, but considering how volatile price action was around that top, I feel it's a good spot. I am short until we reach the buy zone between 8500 and 5000 (I doubt it will fall past 6400 & 6000 though). Then I will gradually transition long for the inevitable run back up as we approach the halving next year.
BNC:BLXShort
by galamity
2
A look at the weekly log chart; Props to Steve Courtney.Steve Courtney noticed an excellent fractal between 2014-15s bear market and our current one on the log chart. As you can see indicated by the yellow circles...we have just recently broken above this descending blue resistance trendline and if you look at the fractal from 2014-15 you can see that back then we broke above it right around the same exact time we are breaking above it in this bear market...we also found resistance at the 50 weekly ma and were rejected back down to that blue line where it ultimately held support and bounced the price action back up again finally getting it above the weekly 50ma and then commencing an amazing bull market. I've been saying to watch the 50 weekly to see if we can close a candle above it and it would be a very important moving average to watch for a few weeks now and it now looks much like 2014 we will be closing well below it. if so anticipate price action will do what it did in 2014 which is dip all the way back to the weekly 200ma support line and likely find support on the descending blue trendline where it should bounce, form a higher low on the daily chart and then finally break above the weekly 50ma and flip it to support sparking our next bull run. So we may very well dip as low as 3.6k on this next correction and it is very wise to pay attention to the weekly 200ma and the descending blue trendline for support. Exciting times as it appears the bull market is very near...I also anticipate we may temporarily go into a death cross fake out to shake some weak hands before the full true golden cross can shine. If you like this chart search for Steve Courtney at Crypto Crew University and give him a follow...many of his calls have been spot on most of the bear market. /
BNC:BLX
by DrDovetail
1