Bitcoin reversion to the mean
See the graph for my thoughts on bitcoin's current pattern of price action.
Summary:
If we don't extend the sideways move of BTC for a substantial amount of time, a week or two most likely,
then we will probably see a reversion to the mean pull BTC back to the 100 EMA sooner rather than later.
That price is currently $8,708, but is rising with time as the exponential moving averages converge back to current price valuations.
Stay frosty my friends.
Summary:
If we don't extend the sideways move of BTC for a substantial amount of time, a week or two most likely,
then we will probably see a reversion to the mean pull BTC back to the 100 EMA sooner rather than later.
That price is currently $8,708, but is rising with time as the exponential moving averages converge back to current price valuations.
Stay frosty my friends.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.