Bitcoin’s 200-WMA: A Magical Rabbit Hole or Just a Coin Flip? 🎩💰

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In the land of digital gold, where the 200-week moving average is as reliable as a clockwork orange, investors cling to its promise like a drunken sailor to a lifeline. This indicator, a beacon of hope for the desperate and a trap for the gullible, has supposedly guided Bitcoin through its cyclical wiles with the precision of a parrot with a compass. 🧙‍♂️💰

How The 200 WMA Has Defined Every Bitcoin Cycle

Enter Luke Broyles, a man who has seen more market cycles than a tea kettle on a boil. He claims BTC has been screaming “buy” each time it hit the 200 WMA. But let’s be honest-if the market were a pub, it would be the barman shouting “buy!” while the customers are still trying to find their wallets. 🧙‍♂️🌀

Broyles admits the 200 WMA isn’t a magic bullet, but three out of five times, it was there for mere days, like a ghost that only appears when you’re not looking. And when BTC trends upward, the 200 WMA rises with it, making the ideal entry a constantly moving target. It’s like trying to catch a greased pig in a rainstorm. 🐷🌧️

In April 2023, BTC was at $31,000, and the 200 WMA was a mere $25,000. The analysts were so thrilled they forgot to check if the price was actually going up. By the time BTC dipped below the line again, it was already at $28,000, and that was the last chance. Now the 200 WMA sits above $50,000, and if BTC’s uptrend continues, it could climb to $100,000 before price ever revisits it. 🚀💸

Why Bitcoin Remains Bullish On Higher Timeframes

Scient, an analyst with more patience than a tortoise in a race, says BTC is on higher timeframes. The blue zone is a must-hold area, but let’s not forget the price has been consolidating above $108,000 for three months. That’s longer than a medieval knight’s nap. 🐢⚔️

All liquidity below the range lows has been swept, like a wizard cleaning up after a spell. The recent drop followed a higher high, and now BTC sits at the RLs, an ideal zone where a higher low could confirm a continuation pattern. 🧙‍♂️🌀

Scient insists the candle body matters, not the wicks. He’s watching for hidden bullish divergences, which are about as common as a unicorn in a zoo. This week is slow, but next week’s volatility will be as predictable as a dragon’s sneeze. 🦄🐉

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2025-10-17 03:06