Ok I am basing this near term long call contingent on BTC staying above the MA with strong volume when the 05:00 hour has ended.
Below are my criteria:
1.Strong 1hr close over 200 DEMA and 10 MA on 12/6/2021 at 17:00 2. MA has crossed EMA upwards while MACD index positive 3. 50 DEMA appears to be crossing 200 DEMA upwards on the 1 hr chart IF BTC can close the 05:00 Hour strong 4. Volume over moving avg on green candles (last two hours) 5. MACD over 0 using HPotter MACD crossover strategy **MACD is currently below signal but not by much. Will have a better idea in about 30 mins at 06:00
Markets tend to do the opposite in respects to emotions. Right now the market is fearful, this is typically when you want to buy.
*I have used the following as a resource for the Crypto Fear & Greed Index:
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