The Importance of 50-Week Moving Average in directing the market
If history is any indication:
* After having a Bull-Run (recording a new ATH ), when BTC loses the 50WMA (Orange Line), it drops and finds support at the 200WMA (Red Line).
* In the current cycle, the projected 200WMA (Red Dashed Line) has the confluence with the bottom of the Super-Macro channel, and the top of the last cycle.
So, the 50WMA Level (Orange Line) should be watched closely.
Regards,
* After having a Bull-Run (recording a new ATH ), when BTC loses the 50WMA (Orange Line), it drops and finds support at the 200WMA (Red Line).
* In the current cycle, the projected 200WMA (Red Dashed Line) has the confluence with the bottom of the Super-Macro channel, and the top of the last cycle.
So, the 50WMA Level (Orange Line) should be watched closely.
Regards,
