$BTC
okay something actually changed on the BTC chart this morning and I'm trying to be careful about how much I read into it because I've been wrong about recoveries on this chart before.
but the 15m just realigned. all three moving averages — MA7, MA25, MA99 — sitting below price and starting to turn up. I've been staring at this chart for weeks where those same MAs were stacked above price like a ceiling. today that flipped. on the short timeframes at least.
the 1H MACD is the thing I keep going back to. DIF at 346, DEA at 184. that gap — that's the widest positive spread I've seen on this chart in weeks. histogram at +162. and the 15m volume is actually above its moving average right now, which sounds like nothing but genuinely hasn't happened on a bullish candle in a long time on this chart.
the 4H complicates it though. MA99 at $62,260. that's almost $1,500 overhead still. and 4H volume is running at about 31% of normal. so the bigger timeframe hasn't confirmed anything yet, the buying hasn't really shown up in size, and we're still well below where the 4H structure starts to matter.
I remember the last time the short-term MAs realigned briefly — I want to say late June, maybe — and it looked like something for about six hours and then rolled back over. this feels more extended than that. the range today is nearly $3,000 from low to high, which is the biggest single-day range in a while.
$60,720 is where price stalled. that's the number I'd want to see accepted, not just touched.
still not sure if this is the real one or just the most convincing-looking false start yet.
#Write2Earn #orocryptotrends
okay something actually changed on the BTC chart this morning and I'm trying to be careful about how much I read into it because I've been wrong about recoveries on this chart before.
but the 15m just realigned. all three moving averages — MA7, MA25, MA99 — sitting below price and starting to turn up. I've been staring at this chart for weeks where those same MAs were stacked above price like a ceiling. today that flipped. on the short timeframes at least.
the 1H MACD is the thing I keep going back to. DIF at 346, DEA at 184. that gap — that's the widest positive spread I've seen on this chart in weeks. histogram at +162. and the 15m volume is actually above its moving average right now, which sounds like nothing but genuinely hasn't happened on a bullish candle in a long time on this chart.
the 4H complicates it though. MA99 at $62,260. that's almost $1,500 overhead still. and 4H volume is running at about 31% of normal. so the bigger timeframe hasn't confirmed anything yet, the buying hasn't really shown up in size, and we're still well below where the 4H structure starts to matter.
I remember the last time the short-term MAs realigned briefly — I want to say late June, maybe — and it looked like something for about six hours and then rolled back over. this feels more extended than that. the range today is nearly $3,000 from low to high, which is the biggest single-day range in a while.
$60,720 is where price stalled. that's the number I'd want to see accepted, not just touched.
still not sure if this is the real one or just the most convincing-looking false start yet.
#Write2Earn #orocryptotrends