BTC 20W bounce = BTC Will never see $43K again???
Updated
The data on the chart is simple. When BTC tests and bounces off of the 20W EMA and then proceeds to put in an ATH.... It never trades below the test price again.
Which means that 43K would at the very least be the bottom of the next bear market unless BTC Tests the 20W higher or does something
it has never done.
Which means that 43K would at the very least be the bottom of the next bear market unless BTC Tests the 20W higher or does something
it has never done.
Note
The 43k number was sadly broken on a liquidation wick. Price closed around the 47K range. and to date has not closed below that point in any meaningful way.What is interesting is that if you examine the chart the actual last test of the 20W was with a low of
39K which was not broken. Possibly I should have titled the 39K never again. Either way. it will be interesting to see how this plays out going forward. I believe this will hold true and what's a few thousand among friends if we move higher into Q1 of 2022. Putting the entire 40k region in the rear view.?
Note
Still wish i'd had this at 39K. Currently the low of the bearish leg is 39.6k. . . will it hold? I'm still confident. let's watch and see.
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