The MA13/30 cross on the 2 week chart can provide insight on future price movement.
As seen on the chart when the MA13 ( the white line) crosses above the MA30 (blue line) Price tends to move upwards.
This has been the past behavior observed at points A , B and C marked on the chart.
As seen at point 'D ' the MA13 is going to cross above the MA30 in 3 days and I'd expect a repeat of the past behavior where BTC moves upwards to around the 34k area.
As these are 2 week candlers it may take a few days after the MA13/30 crossover to see this play out .
On the flip side what happens if instead BTC falls below the bullish MA13/30 crossover at 24700 ?
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In this case Id expect a rebound upwards at around this 24700 area which will also be a bounce at the .50 Fib .
This is also the second scenario suggested on the chart below .
My thought as long as BTC remains above the local .618 fib which is at around 23400 then upwards movement should continue.
As seen on the chart when the MA13 ( the white line) crosses above the MA30 (blue line) Price tends to move upwards.
This has been the past behavior observed at points A , B and C marked on the chart.
As seen at point 'D ' the MA13 is going to cross above the MA30 in 3 days and I'd expect a repeat of the past behavior where BTC moves upwards to around the 34k area.
As these are 2 week candlers it may take a few days after the MA13/30 crossover to see this play out .
On the flip side what happens if instead BTC falls below the bullish MA13/30 crossover at 24700 ?
==============================================
In this case Id expect a rebound upwards at around this 24700 area which will also be a bounce at the .50 Fib .
This is also the second scenario suggested on the chart below .
My thought as long as BTC remains above the local .618 fib which is at around 23400 then upwards movement should continue.
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