20W moving average (and a white shadow of a 21W EMA) has historically indicated a good near term cost basis. With a fitted fibonacci slanted channel (and more-or-less randomly extending the 20W average) we can plot a possible path for BTC, dancing between past fib level trend lines for resistance at important price levels, while also holding support at this...
Bitcoin has recently finally broken out of the 42-30k range with a nice price increase afterwards. Currently facing HTF resistance @48-50K, we brake this big resistance we could see new ATH's. If we get rejected hard we are back inside the range of 42-30k again and we consolidates some more. Bullish scenario: Weekly closes above 20W and hold it as...
This is a major beautiful candle forming on the 20 week chart. Of course this is mostly speculation, but to see this candle gain so much ground vs the previous wick would be major bullish imo. Of course we have still nearly 2 months to go till close, and a lot can happen, but judging this last weekly close and the way the coming monthly close is looking to have...