Something that frustrates me to no end is when I find something that works and I use it, make money off it, then forget it. And a big thing I keep on coming to is to use the daily EMAS to predict the smaller moves in crypto, and use the weekly SMAs to predict the bigger moves.
With that in mind this chart needs almost no explanation. Price action is bearishly progressing through the EMAS and with the 400 acting as resistance the decending triangle is goingto break to the downside. We might consolidate a bit on target at 5750 but eventually we are going to impulse to the 200w SMA.
Then we go to the 400SMA. You will need to go to BLX ticker to see that. Now I am posting this on XBTEUR and you will see we didn't quite reach the 200w during the last drop but we did on BTCUSD. I expect much the same will happen again.
With that in mind this chart needs almost no explanation. Price action is bearishly progressing through the EMAS and with the 400 acting as resistance the decending triangle is goingto break to the downside. We might consolidate a bit on target at 5750 but eventually we are going to impulse to the 200w SMA.
Then we go to the 400SMA. You will need to go to BLX ticker to see that. Now I am posting this on XBTEUR and you will see we didn't quite reach the 200w during the last drop but we did on BTCUSD. I expect much the same will happen again.
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And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
