BTC
Updated
200 weekly MA - bottom, reversal
40 weekly MA - major dips during uptrend. good place to "buy the dip" or look for a stop-loss
20 weekly MA - minor dips and corrections during uptrend, follows the price tight
dotted curves - possible top of next bullruns
ascending triangles - market cycles. horizontal trendlines based on 1M/3M candle open/close
bottoms (20 weekly MA) and tops (curved lines) can be broken only on major adoption/
as of today, 27.6, I expect a pullback (13700-13800 is the top for now, correction is due) to the 20/40 weekly MA
40 weekly MA - major dips during uptrend. good place to "buy the dip" or look for a stop-loss
20 weekly MA - minor dips and corrections during uptrend, follows the price tight
dotted curves - possible top of next bullruns
ascending triangles - market cycles. horizontal trendlines based on 1M/3M candle open/close
bottoms (20 weekly MA) and tops (curved lines) can be broken only on major adoption/
as of today, 27.6, I expect a pullback (13700-13800 is the top for now, correction is due) to the 20/40 weekly MA
Comment
bottoms (20 weekly MA) and tops (curved lines) can be broken only on major positive/negatives news as a catalyst*Comment
bottoms (200 weekly MA)*
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