The last time the 20 week moving average crossed over the 50 week moving average was in May 2020. Following this, the price spiked to the upper 423 Fibonacci level. I copied those candles to speculate on price action for the next 2 months.
Use a fib retracement from previous high and low to establish key resistance areas. Each time BTC exits the resistance area, there is a big price spike.
This is weekly view.
Use a fib retracement from previous high and low to establish key resistance areas. Each time BTC exits the resistance area, there is a big price spike.
This is monthly view so it all fits on the screen.
