We’re still below the 200 WMA which is 25k. #Bitcoin trading below the 200 WMA is an anomaly.
Discussion
Extremely cheap sats
Bitcoin trading below 100k is an anomaly.
$BTC 25205 (on Bitfinex) continues to be the big pivot in play.
Expect short-term liquidity to show up there.
Bitcoin has been an anomaly since inception.
Moving averages have never tracked an asset driven by a global adoption S curve right from the beginning.
Almost all technical indicators were fashioned to trade on assets at more or less saturation.
All previous data is based on QE metrics as well. IMO hard to use previous analysis methods while in this QT market. Thinking well be seeing a lot more anomalies in the next few years.
wen ya gonna do a nvt price app in nostr brah?
I'm in agreement that Bitcoin is a unique asset.
But it's far from a snowflake. ❄️
If you're a trader and you're leaning on technical indicators then it's incumbent upon you to understand how they're constructed and their limits.
In the end, good traders don't use technical indicators to predict the movement of price - that's what analysts do. 😂
Good traders use technical indicators to trade against other traders.
Insightful as always. Thanks for your vision
I agree. Good price to scoop in
Bitcoin being exchangeable for paper currency will be seen as an anomaly
Last chance to buy below $25k🚀
Hoping many more plebs front run the coming institutional landslide
Last time you said that (20k) it went to 21k. Don't you think it will bounce back on the 25k mark?
A 35 week anomaly
🐂🐂🐂
0 engagement on this post, it shows bitcoiners don't even want to talk price in the bear market. Bullish !
Hah.
Or, people that have learned markets can stay irrational longer that the weekly MA cares to predict. Or, bitcoiners have learned not to give much about a fiat denomination in the short term.
#[0]
Mine fiat (work). Smash buy #bitcoin. Move to cold storage. Coins are now in safe hands that understand its value. Almost all weak hands fumbled their bags to strong hands. #NGU