Bitcoin Below 200 Week Moving Average Again
Hi everyone,
Thank you for considering reading my idea.
We are trying to break the 200 week moving average (yellow line) but now we are below it. I am looking at S1 @ 21K and S2 @ 20.2K as support to make a higher low then make a new higher high.
Breaking S2, I would consider going back to previous lows at 17K or maybe dump even more to 16K
If we break R1 24.7K, the next level to reach is 29.2K (0.382 level of Fib Retracement + the 20 week moving average).
Since we got rejected off of R1, I am currently short unless we bounce off S1 or S2 then break R1.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
We are trying to break the 200 week moving average (yellow line) but now we are below it. I am looking at S1 @ 21K and S2 @ 20.2K as support to make a higher low then make a new higher high.
Breaking S2, I would consider going back to previous lows at 17K or maybe dump even more to 16K
If we break R1 24.7K, the next level to reach is 29.2K (0.382 level of Fib Retracement + the 20 week moving average).
Since we got rejected off of R1, I am currently short unless we bounce off S1 or S2 then break R1.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR.
Cheers,
Juvs
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