200 EMA BOTTOM?!!
Hi everyone! It has been a while since a new post, however much hasn't changed, BTC is moving as we predicted on our previous post.Therefor I just wanted to share a pattern that hits the eye on the weekly chart. We could see that after a gradual price drop(back to back red weeks), We get a solid jump then create a doji(losing the momentum and changing direction), then slightly lower candlestick wicks then a big drop. The thing is this is just a thought exercise. We do not know if BTC will follow the same pattern, however breaking below 50 EMA and retesting it as a resistance and not being able to break it gives me confidence in that it might. So lets see how it plays out.
As always just a thought not an advice!! Stay safe!
Previouse analysis:
As always just a thought not an advice!! Stay safe!
Previouse analysis:
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