!

200 Week Moving

Average Heatmap

Source: lookintobitcoin.com

16

14
% Monthly Increase Of 200WMA

12

10
BTC Price (USD)

$10,000
0
2021 2022

BTC Price
200 Week Moving Average
% Monthly Increase Of 200 Week Moving Average

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Ac c ess Ind ic ato r Aler ts

Indicator Overview

In each of its major market cycles, Bitcoin's price

historically bottoms out around the 200 week
moving average.

This indicator uses a colour heatmap based on

the % increases of that 200 week moving
average.

Depending on the month-by-month % increase of

the 200 week moving average, a colour is
assigned to the price chart.

Note: this is a slightly modiGed version of a

concept created by @100trillionUSD. Use the link
below to learn more about the original.

How It Can Be Used

The long term Bitcoin investor can monitor the

monthly colour changes. Historically, when we
see orange and red dots assigned to the price
chart, this has been a good time to sell Bitcoin
as the market overheats. Periods where the
price dots are purple and close to the 200 week
MA have historically been good times to buy.

Bitcoin Price Prediction Using This Tool

If you are looking to predict the price of Bitcoin

or forecast where it may go in the future, the
200WMA heatmap can be a useful tool as it
shows on a historical basis whether the current
price is overextending (red dots) and may need
to cool down. It can also show when Bitcoin
price may be good value on a historical basis.
This can be when the dots on the chart are
purple or blue.

Over more than ten years, $BTC has spent very

little time below the 200 week moving average
(200WMA) which is also worth noting when
thinking about price predictions for Bitcoin or a
Bitcoin price forecast.

Created By

Plan B - @100trillionUSD

Date Created

January 2019

Fall Further Down The Rabbit Hole

@100trillionUSD on Twitter

Similar Live Charts That You May Find

Useful

The 200WMA is a very simple tool that identiGes

when the price of $BTC is accelerating too fast,
which can highlight unsustainable periods of
FOMO (fear of missing out) in the market. This
tool can therefore allow an investor to separate
their emotions from the market emotions and
manage risk appropriately. Other charts on this
site such as the Fear & Greed Index or Puell
Multiple are also effective tools for
understanding when market participants are
overly fearful or greedy.

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considered as Gnancial advice. Please review
the Disclaimer section for more information.

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