Updated

2017 resistence and support repeating? death cross too

quite a few things are similar to 2017,

pycyle top
21 ema weekly was broken
200MA daily was broken

what should come next

-50MA weekly will work as support
-we will have a death cross
-price will bounce to the 200MA and fall from there,

other things to support the 50MA weekly
the middle line of the gaussian channel in the 5D
a support in the weekly rsi

other things to make residence the 200MA when we come back:
the gaussian channel

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death cross 200MA and 50MA on the daily

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expect the price to grow with the death cross to fall harder after

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5D gaussian channel, the middle line , math the support of 50MA weekly and the top line of the gaussian channel with match the 200MA as resistance ,when we bounce up.

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and last one the week rsi, has a support, that should match when we hit the 50MA weekly .

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seasing today price move and that we are out of the gaussian channel, we could still have a move similar to 2018.

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we a re quite close to the support for bounce, I kind od surprise how much did it fall from the 200MA last time, is really similar to this time too.

Trade closed: target reached

first target of the down movement is been reach now let see if btc can hold the 50MA daily and the middle of the gaussian channel.

Note

we are still repeating a similar pattern

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daily comparision with 2018 , at that time we did a double top against the 200MA

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bounces of the 50MA weekly on the past

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we are quite close to target 200MA

luissjp

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luissjp