BTCUSDT - Another cross from MA20 and MA10? I think so.
Updated
Hello!, It's been a while since I left my chart because it was clear the winter that was coming and I like to take advantage of only bullish waves as you can see. If you see our last chart we hit the Long 100% with a TP of 26% in two months. Our Elliot A-B was accurate but in the B-C we weren't even close, because I think that somehow we were betrayed by that feeling that it could grow a little more before the next cyclical drop.
Due to the good start we had and the clear indication that it would take time to recover, we have not updated the chart until today.
Because today? Because going back to the same analysis and if we extend the FIBO from the crossing of MA10 below MA20 in May 2021 and until the price touched 0.5 of the same FIBO as in the two previous patterns of 2018 and 2019, it can be seen that the The price found a floor and it has been several weeks without falling below 18k, so we can once again project a bullish period in the following weeks.
What is the price going to do now? Following the trends of the two previous patterns, we can have a high expectation of certainty that the price will begin to test its ceiling at 21.K indicated by the MA10 and will go for the 22.K of MA20, of If that happens, there will be a new crossing of MA10 above MA20, which will take the price above both averages and will form a new floor above the 22.K indicated.
For further argument, you can see the pattern of the RSI.14 as it is behaving the same as in the rise of December 2018.
We will continue monitoring to see if the pattern is met, let's see!
Due to the good start we had and the clear indication that it would take time to recover, we have not updated the chart until today.
Because today? Because going back to the same analysis and if we extend the FIBO from the crossing of MA10 below MA20 in May 2021 and until the price touched 0.5 of the same FIBO as in the two previous patterns of 2018 and 2019, it can be seen that the The price found a floor and it has been several weeks without falling below 18k, so we can once again project a bullish period in the following weeks.
What is the price going to do now? Following the trends of the two previous patterns, we can have a high expectation of certainty that the price will begin to test its ceiling at 21.K indicated by the MA10 and will go for the 22.K of MA20, of If that happens, there will be a new crossing of MA10 above MA20, which will take the price above both averages and will form a new floor above the 22.K indicated.
For further argument, you can see the pattern of the RSI.14 as it is behaving the same as in the rise of December 2018.
We will continue monitoring to see if the pattern is met, let's see!
Trade closed: stop reached
I think he can go back to 20k soon, diamond hands, not for the faint of heart.
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