{"id":12994,"date":"2022-12-16T11:16:52","date_gmt":"2022-12-16T11:16:52","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12994"},"modified":"2023-05-17T11:18:47","modified_gmt":"2023-05-17T11:18:47","slug":"bitcoin-50-of-stocks-above-1d-ma200-rally","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/12\/16\/bitcoin-50-of-stocks-above-1d-ma200-rally\/","title":{"rendered":"BITCOIN 50% of stocks above 1D MA200 = Rally"},"content":{"rendered":"

 <\/p>\n

This is Bitcoin (BTCUSD) on the 1W time-frame compared to the S&P500 index (SPX) illustrated by the blue trend-line. The indicator below (black trend-line) shows that historically when 50% of the S&P500 stocks break above their 1D MA200, both Bitcoin and the S&P500 start a rally soon.<\/p>\n

Initially a few weeks of volatility takes place but the process already kicks in. Bitcoin’s RSI is displayed in orange to give a better perspective of where we could be historically compared to prior bottoms. As you see, it tends to lag behind the stocks’ indicator when it breaks above 50% .<\/p>\n

Do you think the pattern will be repeated again? Feel free to let me know in the comments section below!<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/BTCUSD\/Ik805fbq-BITCOIN-50-of-stocks-above-1D-MA200-Rally<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  This is Bitcoin (BTCUSD) on the 1W time-frame compared to the S&P500 index (SPX) illustrated by the blue trend-line. The indicator below (black trend-line) shows that historically when 50% of the S&P500 stocks break above their 1D MA200, both Bitcoin and the S&P500 start a rally soon. Initially a few weeks of volatility takes<\/p>\n","protected":false},"author":611,"featured_media":12995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-12994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12994"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12994\/revisions"}],"predecessor-version":[{"id":12997,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12994\/revisions\/12997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12995"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}