I have a theory surrounding the 300ema and 300sma, and their crossing. In my charts the 300ema is always in orange and the 300sma is always in green.
In my findings so far, whenever the ema crosses bearish over the sma, there usually is an upcoming opportunity for price to go below these moving averages. In most cases, price will reverse and will correct to the upside of the moving averages. And repeat....
Here on the BTC 4H chart, we've had a bearish cross of the ema over the sma.
If my theory is correct, we should se some sort of price action below the moving averages in the near future. This could be a pierce below, or temporary sustained price action (accumulation).
I also just noticed the huge gap in volume on the VPVR(right side of my chart). A lot of time, price will like to fill these gaps. So, possibly that could be bottom area of the pullback if we get one, and if it goes that low. Just throwing out some ideas.
Please like, share, boost, etc...
Not financial advice, just my 2cents..
In my findings so far, whenever the ema crosses bearish over the sma, there usually is an upcoming opportunity for price to go below these moving averages. In most cases, price will reverse and will correct to the upside of the moving averages. And repeat....
Here on the BTC 4H chart, we've had a bearish cross of the ema over the sma.
If my theory is correct, we should se some sort of price action below the moving averages in the near future. This could be a pierce below, or temporary sustained price action (accumulation).
I also just noticed the huge gap in volume on the VPVR(right side of my chart). A lot of time, price will like to fill these gaps. So, possibly that could be bottom area of the pullback if we get one, and if it goes that low. Just throwing out some ideas.
Please like, share, boost, etc...
Not financial advice, just my 2cents..