The current weekly candle will represent the turning point. Bitcoin is about to confirm a successfull 20 week MA retest and this will ignite the broader, more parabolic altseason.
Yellow line: 20 week MA
Orange vertical line: First successfull retest in 2016 and 2020
Blue, Pink and Orange Box: First, Second and Third try of retesting 20 week MA
Blue line: Ethereum price chart
Green line: LINK price chart (+ LINK price chart copied to the 2016 cycle for comparison)
Yellow line: 20 week MA
Orange vertical line: First successfull retest in 2016 and 2020
Blue, Pink and Orange Box: First, Second and Third try of retesting 20 week MA
Blue line: Ethereum price chart
Green line: LINK price chart (+ LINK price chart copied to the 2016 cycle for comparison)
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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.
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.