BTCUSDT - fractal fractal fractal, to the moon?
The last big cross of the bitcoin price with the weekly EMA14 was in April 2019, the ascending curve that it has taken during the last weeks and the distance of the price to the upside, reminds me of that pattern and I highlight it in green, this because in other crosses between the two dates, there was not this distance as can be seen in the yellow signs. If so, before the end of November it will exceed the historical maximum of 20K, reaching a momentum close to 28K as a maximum point in January 2021, from then to March it should cross the EMA14 again in anticipation of a new lateralization. Below you can see the RSI 14 as it is behaving giving more sense to what I indicated above. SL at 6%.
Let's see what happens, BTC never ceases to amaze.
Let's see what happens, BTC never ceases to amaze.
Related publications
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.