Bitcoin Crossroads
BTC weekly historical performance relative to EMA's provides interesting perspective and a rather key inference...
# of Times the 20 EMA has crossed below:
50 EMA: 3
100 EMA: 1
200 EMA: 0
20 EMA Crossings:
1. 20x50 Sep 2018
1a. CONTINUATION downward resulting in additional -58%
1b. 20 EMA only crossing below the 100 EMA
1c. 20 EMA bounced off of 200 EMA
2. 23 Mar 2020 - Reversal with upward trend only
3. 18 April 2022 - APPEARANCE OF CROSSROAD - Trend continuing downward so far...
The most recent 20 EMA crossing below is recent, however the trend appears initially to be a downward continuation.
Worth keeping an eye on as the Federal Reserve and Central Banks look to increase 50 bps this afternoon and the quantitative easing that has been in place since Bitcoin's inception ends and the Fed becomes more hawkish with quantitative tightening.
# of Times the 20 EMA has crossed below:
50 EMA: 3
100 EMA: 1
200 EMA: 0
20 EMA Crossings:
1. 20x50 Sep 2018
1a. CONTINUATION downward resulting in additional -58%
1b. 20 EMA only crossing below the 100 EMA
1c. 20 EMA bounced off of 200 EMA
2. 23 Mar 2020 - Reversal with upward trend only
3. 18 April 2022 - APPEARANCE OF CROSSROAD - Trend continuing downward so far...
The most recent 20 EMA crossing below is recent, however the trend appears initially to be a downward continuation.
Worth keeping an eye on as the Federal Reserve and Central Banks look to increase 50 bps this afternoon and the quantitative easing that has been in place since Bitcoin's inception ends and the Fed becomes more hawkish with quantitative tightening.
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