The Importance of 50-Week Moving Average in directing the market

The Importance of 50-Week Moving Average in directing the market

If history is any indication:

* After having a Bull-Run (recording a new ATH ), when BTC loses the 50WMA (Orange Line), it drops and finds support at the 200WMA (Red Line).

* In the current cycle, the projected 200WMA (Red Dashed Line) has the confluence with the bottom of the Super-Macro channel, and the top of the last cycle.

So, the 50WMA Level (Orange Line) should be watched closely.

Regards,