Different indicators work best at different stages of the market cycle and I have really come to appreciate how moving averages help us discover when we are transitioning out of a bear market and into consolidated/uptrend.
I have done an article on the 12h charts and another on the 3d charts using using the simple 20-50-100-200 SMA combo. In my ETHUSD 3D chart I made it clear my supposition that ETHUSD would outperform BTCUSD and a consolidation triangle would break to the upside. That part turned out to be wrong.
But the part about the crypto market exploding was spot on. And the main chart shows how the 20 and 50 3d SMAs were nearing a bullish cross and the price action has stalled just short of the 100 3D SMA.
3 main scenarios are possible from here
Side note, I think this bull market has the potential to be an absolute ripper. Many cions are having their initial stage bullish crosses while major equities are having their bearish crosses (or bear-bull-bear combos) and so this bull market is staged at the potential end of a bull market in equities. When money flows from assets that are over their MAs to assets that are under their MAs we should expect an pronounced uptrend on those undervalued assets.
I have done an article on the 12h charts and another on the 3d charts using using the simple 20-50-100-200 SMA combo. In my ETHUSD 3D chart I made it clear my supposition that ETHUSD would outperform BTCUSD and a consolidation triangle would break to the upside. That part turned out to be wrong.
But the part about the crypto market exploding was spot on. And the main chart shows how the 20 and 50 3d SMAs were nearing a bullish cross and the price action has stalled just short of the 100 3D SMA.
3 main scenarios are possible from here
- We form an ascending triangle/cup and handle or other bullish continuation patter
We fall back to the 20 or 50 3D SMAs and come back up again
We pop through the 100 3d SMA and find support before using it as a launch pad.
Side note, I think this bull market has the potential to be an absolute ripper. Many cions are having their initial stage bullish crosses while major equities are having their bearish crosses (or bear-bull-bear combos) and so this bull market is staged at the potential end of a bull market in equities. When money flows from assets that are over their MAs to assets that are under their MAs we should expect an pronounced uptrend on those undervalued assets.
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