Macro and Micro Bull Market Support Bands
Can these bull market support bands show support/resistance?
Roses are red, violets are blue. This is not financial advice, I genuinely have no clue.
EMA: Exponential Moving Avergae
SMA: Simple Moving Average
The Micro Bull Market Support Band
This micro band shows the cross between the 12 day EMA and 26 day EMA, shown in the lighter green/red colours.This macro band shows the cross between the 140 day SMA and 140 day EMA, shown in the darker green/red colours. Bitcoin and other crypto assets tend to find support/resistance on this band which means one can use this to determine an entry point with an MICRO/MACRO outlook. An entry point can be found by entering when the asset flips from bear (red) to bull (green). The inverse also holds.