Caleb Franzen: Buying activity after Bitcoin returns to 200-day moving average cloud

Caleb Franzen: Buying activity after Bitcoin returns to 200-day moving average cloud
Bitcoin buying at 200-day average cloud

Caleb Franzen described his recent buying activity after Bitcoin moved into its 200-day moving average cloud. Franzen stated he had expected a retest of this technical level since Bitcoin's breakout in August and confirmed he has been making purchases accordingly.

Franzen recently criticized Opendoor's performance, noting the stock is down 87.8 percent since its IPO while major indexes gained here. He also observed a bearish engulfing candle in the S&P 500, with tech, growth, and beta stocks underperforming cap-weighted peers in a separate analysis. These prior assessments further detail his approach to market signals.

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