Bitcoin Live: It’s Over… (Again) Here’s What i’m Watching

This post was originally published on this site

Question of the day: is one more leg down coming before the turn? Two candles close tomorrow night: a 2-day close under $80,990 prints the corrective cross with the 55 EMA ($77,330) as the target, and a 5-day close over $79,227 prints the silver cross; my line stays. $79,700 on a daily close.

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#Bitcoin #BTC #Live #CryptoTrading

CHAPTERS
0:00 We are live: a new study, and the weekly close tonight
1:51 Bitcoin $200,000 by Monday? The setups still shaping up
2:19 SPY futures: 7,600 first; the bi-weekly line at 7,575
3:23 Under 7,575 on the bi-weekly: 7,200 to 7,350
4:15 No actionable sell signal yet; Nasdaq futures
4:59 Nasdaq: 28,200 is the bounce zone, 27,200 the line
5:49 Gold: back at the lows, a pity bounce first
6:29 Silver: low 40s before the year is over
7:16 Bitcoin: the weekly 5 EMA needs $81,734 tonight
8:03 IBIT has held its 5 EMA since August: $46.18
8:47 The 5-day silver cross: every prior cross
9:32 Crosses that marked a correction first
10:12 Official on the next close over $79,200: the line in the sand
10:59 The silver cross roadmap: 67% green at 30 days, 83% at 90
11:34 Golden cross day 44: +3.8% vs +20%, mean reversion
12:38 New: two 5-day closes under the 200 SMA
13:27 The five priors: green a month later, every time
14:18 Two months 80%, three months 60%: more up than down
15:03 FOMC week: no edge, a coin flip

DISCLOSURES
General market commentary, not personalized investment advice. I am not a registered investment adviser. I may hold positions discussed. Trading carries substantial risk of loss. Some links are affiliate links.