BTC HTF Demand @ 36=38k
1. Daily demand @ 36-38k
2. Daily 100 EMA approaching 36k
3. 3D supertrend @ 37k
4. 3D 21 EMA hovering above 37k
Expectation:
Dump to 38000 as a daily close, with wicks tapping into 35000's to test the daily 100 EMA
This EMA retest was common in both previous bull cycles. Price would rarely close at the daily 100/200 EMA, but would often wick it and then immediately bounce 10-15%.
Thinking 38-39k is our strong demand zone for this range, and we chop between 36000 - 47000 for a while. This is when the parabolic rise of altseason truly begins. Many ALT/BTC pairs have been consolidating under HTF resistance for months. Once these break their respective resistances, it is exponential growth on almost every chart. I anticipate many alts to increase 100-1000% in March, while BTC continues to range in a HTF Wave 4 consolidation.
2. Daily 100 EMA approaching 36k
3. 3D supertrend @ 37k
4. 3D 21 EMA hovering above 37k
Expectation:
Dump to 38000 as a daily close, with wicks tapping into 35000's to test the daily 100 EMA
This EMA retest was common in both previous bull cycles. Price would rarely close at the daily 100/200 EMA, but would often wick it and then immediately bounce 10-15%.
Thinking 38-39k is our strong demand zone for this range, and we chop between 36000 - 47000 for a while. This is when the parabolic rise of altseason truly begins. Many ALT/BTC pairs have been consolidating under HTF resistance for months. Once these break their respective resistances, it is exponential growth on almost every chart. I anticipate many alts to increase 100-1000% in March, while BTC continues to range in a HTF Wave 4 consolidation.
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