BitcoinUpdated BTC/USD
Lines were connected using exact weekly candle opening-coordinates for far higher precision. Surge to 9.3k (9.5k high) through the 20/50MA & VWAP ('weekly' death cross) can be expected first week of January (bull trap), followed by a major sell-off around Spring/Summer 2020. Multiple weekly closes below the VWAP is key for this assumption and will prove to be right.
Will keep updating this post at key turning points.
Will keep updating this post at key turning points.
Note
OPTION 2Note
Option 2 is also extremely likely and should be considered just as much. Continuation of low volume will result in this scenario.Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.