Welcome to the Rekt Capital Newsletter!
Monday editions are dedicated to my macro research on Bitcoin and the Crypto market.
I share complex, cutting-edge research insights about the crypto market in a simple, easy to understand format.
Whether that’s insights about Bitcoin’s historically recurring price tendencies or Market Cycle analysis on Ethereum - the goal is to offer you a unique perspective and incredible value.
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Bitcoin - The 200 Week MA
In late May 2022, I shared a thread on the 200-week MA and downside deviations below it.
Historically, these downside wicks have represented peak financial opportunity for long-term investors.
These wicks tend to be -14% to -28% deep.
Fast-forward months later after May 2022 and BTC has deviated below the 200-week MA -21%.
Therefore BTC is still very much within the historical range of -14% to -28%.
In fact, the downside deviation isn’t out of the ordinary or extreme in any fashion.
But it would be worth comparing the 200-week MA situation for BTC with the S&P 500.