Bitcoin crosses above 200D, invoking Rule #3 --> Buy Bitcoin above its 200D
Aug 9, 2021
• 2
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STRATEGY: Rule #3 kicking in --> Buy Bitcoin --> $100K into YE
Bitcoin crosses above its 200D...
Bitcoin today crossed above its 200D moving average ($44,938), invoking Bitcoin Rule #3 --> Buy Bitcoin $BTC above its 200D moving average
- Bitcoin fell below its 200D on May 18th, 2021
- Recall, we "stepped aside" on Bitcoin at that date
- Bitcoin has since been range-traded between $30k-$40k
With Bitcoin crossing above its 200D, we think Bitcoin will rally strongly into YE. This is consistent with our view that "everything rallies" into YE.