MA ping-pong
A thing I did partly for kicks but also to anticipate the next few weeks and plan my trades.
Notice that the pump up to the 200 MA 1D (yellow) could be in combination with the anticipation of the next SEC ETF-ruling in the end of sept, and the inevitable dump as the SEC will postpone once again.
Main targets the coming weeks: 4800 -> 7000 -> 3000/3200. <-- Bottom!
I think we will trade sideways between the 200 MA 1W (pink) and the 100 MA 1W (green) for a number of weeks until the 200 MA 1D comes to visit, in which the 200 MA 1W will push us above it.
If we freefall under the 200 MA 1W (pink) , we have a problem.
Notice that the pump up to the 200 MA 1D (yellow) could be in combination with the anticipation of the next SEC ETF-ruling in the end of sept, and the inevitable dump as the SEC will postpone once again.
Main targets the coming weeks: 4800 -> 7000 -> 3000/3200. <-- Bottom!
I think we will trade sideways between the 200 MA 1W (pink) and the 100 MA 1W (green) for a number of weeks until the 200 MA 1D comes to visit, in which the 200 MA 1W will push us above it.
If we freefall under the 200 MA 1W (pink) , we have a problem.
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