BITCOIN This is the last barrier standing before going parabolic
Back in May we first showed on this channel the unique Bullish Cross that the KST indicator was about to make and how the previous three clear (July 2020, January 2016 and June 2013), all have kickstarted major Parabolic Rallies.
The Bullish Cross was completed in late May, BTC rose again in June on a new yearly High but failed again to break above its 3W MA50 (blue trend-line). This is the last Resistance standing on a Cyclical basis as in the previous Cycles once the 3W MA50 broke, it turned into Support (exception of course the COVID flash crash in March 2020) that guided the price into the Bull Cycle's final parabolic rally.
But what do you think? Is the MA50 the last barrier for Bitcoin before turning it into Support and breaking out parabolically? Feel free to let us know in the comments section below!
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The Bullish Cross was completed in late May, BTC rose again in June on a new yearly High but failed again to break above its 3W MA50 (blue trend-line). This is the last Resistance standing on a Cyclical basis as in the previous Cycles once the 3W MA50 broke, it turned into Support (exception of course the COVID flash crash in March 2020) that guided the price into the Bull Cycle's final parabolic rally.
But what do you think? Is the MA50 the last barrier for Bitcoin before turning it into Support and breaking out parabolically? Feel free to let us know in the comments section below!
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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