View: slopechart_$BTC.jpg



Nuances. My not so secret super secret proprietary moving average formula 44 is sloping down. My boring as hell everybody uses it 50 day SMA is sloping south as well. This makes them crossing in a bearish fashion slightly difficult. Despite that, they have. 

Now history. There are two instances of this in the charts available on slope. One of them Bitcoin pooped all over the bed to the tune of another 50%. The other one marked the bottom that started this bull run. An optimist might say the first instance was also a 'bottom', eventually. 

Until the FED relents, I am on team poop the bed. Watch out below... No positions in crypto at the moment. 

Also, crypto started this whole sell off that we are in the middle of. If you are a bear, this little experiment I just did portends some upcoming doom.

Image added via SlopeCharts


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