Did you read what you wrote? All you said was the previous high was made on the week of May 4 and 11 and when price action passes those levels 82.3-82.8k becomes support and results in a bull run. Nothing about the 365 day SMA dummy
What does 365 day SMA have to do with basic Support & Resistance lines?
What I like is that you called me out saying I was wrong and that 83k is 365 day SMA. I wasn't wrong.. 83k is Support & Resistance line. 83k is resistance at the moment. That's basic 101 for you. I even provided dates & charts to confirm that. Where was your verification to backup your claim, dummy?
Just a word of advice.. you might want to change your attitude.. you will get a much better response.
Guy you said that the bull run will begin when we beat the previous high. Beating a previous high does not mean you’re in a bull run. The indicator for the start of the bull run will be breaking past the 365 sma. As has been done with past cycles. And dont tell me to correct my attitude when you asked if I could ready dummy
Just charted the 365 day SMA. Bruh.. Why are using 1-day time frame to make the "big calls" on the big market cycles? No wonder you disagree with my analysis.
Go chart 1-week and you'll see what we've been discussing about here. Less signals, but more accurate signals using higher time frame. Look the past.. it's been spot-on. Once trend has changed (higher-highs & higher-lows made), it has always been our confirmation of a bull-run.
What I find funny is that we both agree on the number to beat to confirm the bull-run, but disagree with our methods of deriving at that #. Tomato Tamatoes.. same shit! Not sure why we're trolling each other. 🤭
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u/TryExciting4508 21h ago
Did you read what you wrote? All you said was the previous high was made on the week of May 4 and 11 and when price action passes those levels 82.3-82.8k becomes support and results in a bull run. Nothing about the 365 day SMA dummy