When I get tired of looking at the hourlies, and moreso, tired of worrying about overspending my fiat on BTC, I like to zoom out and look at the big picture, and see what can be learned from the past. This is what I wish I had known back a few months ago.
You can see the buildup to the point where the TEMA's are layered, 50-100-200. The price level pushes past the 50 for a contiguous month in Nov. Dec, with one day where it touches contact again. The crossover happens again at 18k. Would have been a great place to sell.
We see an inverse of the EMA layers again on the selloff. I think it's important to pay attention to normal EMA indicators, since not everyone is on TV and has TEMA's. Such as when the last big selloff occurred on a crossing of the 100EMA.
It is also interesting to note that the rise and selloff are approx 1 mo each.
You can see the buildup to the point where the TEMA's are layered, 50-100-200. The price level pushes past the 50 for a contiguous month in Nov. Dec, with one day where it touches contact again. The crossover happens again at 18k. Would have been a great place to sell.
We see an inverse of the EMA layers again on the selloff. I think it's important to pay attention to normal EMA indicators, since not everyone is on TV and has TEMA's. Such as when the last big selloff occurred on a crossing of the 100EMA.
It is also interesting to note that the rise and selloff are approx 1 mo each.