BTC - few words about
Updated
Hello there!
I wrote here one week ago that BTC will set the temporary bottom to 38900. The bulls and bears are strongly fighting on this area because there are few encouraging signs for each side - like many times though 🙄.
Bullish - you can see a pattern comparable with May-Jul 2021 when BTC found it’s redemption after three strong attempts of the bears in 30k area. Anyway it took three month though while bulls fried their neurons and invoked all gods.
This time would be the third time when bulls would trot the bears from this 39k price in the last... three months.
Bears – I think an encouraging sign for them is the 3D close below MA200 (white line trend). The last time this happened was Mar 2020 and it was followed by a -47% collapse. And before that in Nov 2018 with comparable impact in price.
Well... The bears are pushing down since March. Shouldn’t they breathe... a while... at least?
Following 2 days could bring a green candle, which in 3D would be a Hanging man (positive sign) and a close above MA200 (the bulls charm).
Moreover this week is the last of the month and is going to be a big week, struggles and crossing swords. All this right above Monthly 20EMA, “scripts” saying it’s a very strong support. And it is the fourth time consecutively tested this year, each time making higher lows. I think it will hold meaning that soon will see BTC up again. Finger crossed...
Regards.
Cristash
I wrote here one week ago that BTC will set the temporary bottom to 38900. The bulls and bears are strongly fighting on this area because there are few encouraging signs for each side - like many times though 🙄.
Bullish - you can see a pattern comparable with May-Jul 2021 when BTC found it’s redemption after three strong attempts of the bears in 30k area. Anyway it took three month though while bulls fried their neurons and invoked all gods.
This time would be the third time when bulls would trot the bears from this 39k price in the last... three months.
Bears – I think an encouraging sign for them is the 3D close below MA200 (white line trend). The last time this happened was Mar 2020 and it was followed by a -47% collapse. And before that in Nov 2018 with comparable impact in price.
Well... The bears are pushing down since March. Shouldn’t they breathe... a while... at least?
Following 2 days could bring a green candle, which in 3D would be a Hanging man (positive sign) and a close above MA200 (the bulls charm).
Moreover this week is the last of the month and is going to be a big week, struggles and crossing swords. All this right above Monthly 20EMA, “scripts” saying it’s a very strong support. And it is the fourth time consecutively tested this year, each time making higher lows. I think it will hold meaning that soon will see BTC up again. Finger crossed...
Regards.
Cristash
Trade active
Even yesterday 3D candle closed below MA200 (see above the story), I think that BTC now has the strengths to climb over 43k. There is an important area where is 3D MA50 and from where, few days ago, BTC dropped 2k against the bulls short term expectations.Looking forward for the week and month closure. A green week candle would be the first one since march. A monthly closure above 43k may bring us another attempt of 48k level as well as 37k possibility.
I still bet on upper position. But it's just my thought.
Regards.
Trade active
Well, that's how it was... We had to have enough patience to get out of that "swamp." Well, now is the time! We are back in the 69k position, shaking off the dust, and? What to do? :) If we've waited so long and accumulated a bit in the last few months, wouldn't it be a shame to give up now? :)Trade closed: target reached
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