DrDovetail

as expected 4hr 50ma pushes out of wedge…1day/4hr 50ma showdown?

BITSTAMP:BTCUSD   Bitcoin
The 4hr 50ma has me still temprarily hodling as it has hoisted priceaction up out of the falling wedge in a way that will very likely trigger the breakout. 4hr 50ma is now guarding the door back into the wedge....We will likely see a brakout triggered due to this which will result in at least a temporary bullbreak at least up to retst the 1 day 50ma again....as anticipated in the previous idea, it seems more and mroe likely that the 1 day 50ma and the 4hr 50ma are engaged in a showdown that will probably not be over until they are close enough together to squeeze the price action like a pair of chopsticks until it shoots one way or the other based on which timeframes 50ma is the most dominant. I don't know what they call it when a 50ma on one time frame crosses over another 50ma on a bigger timeframe...if it doesn't already have a name I'm gonna refer to it as octave hopping.
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