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Bitcoin News Alerts | Daily BTC News

1005: HISTORICALLY ACCURATE INDICATOR SUGGESTS BITCOIN ABOUT TO RIP, SAYS ANALYST WHO CALLED BTC COLLAPSE!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 2 August 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

A closely followed crypto analyst known for calling the May 2021 collapse in Bitcoin says that an indicator with a solid track record is suggesting rallies are approaching. The pseudonymous analyst known as Dave the Wave tells his 122,000 Twitter followers that the BTC moving average convergence divergence (MACD) just flashed a signal that previously foreshadowed a 300% rally in Bitcoin in 2019. “Last time the Bitcoin weekly MACD crossed, after an extended correction to current levels, it went on a ripper.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:58.1

In today's show, Bitcoin traders pinpoint key levels to watch this Bitcoin price test.

1:03.2

Key trend lines, quoting crypto capo, 25,000 to 25,500, then new lows, quoting CryptoJ, $28,000, $56, quoting rec capital, the new Bitcoin

1:14.3

weekly close above the 200-week moving average means that the price will try to retest this moving

1:18.7

average as new support this week. Bitcoin already held the moving average as support last week

1:23.1

as evidenced by the downside wick. Now it'll try to hold it for a second consecutive week.

1:27.9

In quoting material indicators, the bear market rally is still alive and well. To call it anything

1:32.3

else requires confirmations, a valid breakouts above key moving averages. The 200 week and 50

1:37.8

month are the first ones to be considered for BTC, but only if we have full candles above

1:42.3

the line, width below, invalidates. And this just in breaking news,

1:47.1

Nomad Cross Chain Bridge has been hacked with over $190 million stolen like whoa. And more breaking news,

1:54.4

Brazil's largest digital bank, New Bank, hit over a million Bitcoin and crypto users. And under a

1:59.0

month, let's go. Now for a fun fact, if you invested

2:01.9

$10,000 in gold 10 years ago, you now have 10,100. It didn't even keep up with inflation. Also in

2:09.0

today's show, ether creates history as key metric and eth options exceeds Bitcoin by 32%. Also in

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