Discussion
Great insight, thank you Henrik!
How do you think it is progressing now towards the end of the day? It is just crossing over the sma200 right?
We are over SMA200 but the "closing" is what we look for. Let see if we have a closing over or under.
I will write some information later today. The close was just over SMA200. The value of SMA200 is more a region than exact value.
The close was just over so market will test the region before we know if it's up or down we go
Here is my view right now. We are over SMA200 but not to much and below EMA200. ( Check pictur nr 2 )
I fix one "open" version of my Google Sheet showing values for SMA200/50/21 and SMA10 So we can discuss if over or under different SMAs :)
https://docs.google.com/spreadsheets/d/1i_33n7JEDJQZu_zeH63XsQ0da-KpAKvX40qbTMGJGzo/edit?usp=sharing
Very interesting analysis, appreciate your efforts! Are you "day" trading BTC or just analysing it?
I primarily trade stocks and FX, but I also help traders navigate crypto markets.
I provide crypto analysis, and they act on my insights—using technical levels and market structure to make informed decisions.
