BTC - HERE IS THE BULLISH SCENARIO
If you wanna look at my charts from maybe over a YEAR ago, I had been calling for this green WEEKLY OB to be tested, I even have multiple posts referring to a test of the 200 WEEKLY MA...
Well, its happened!
However we now see BTC break above these points and towards the key lows from our previous HTF range.
With both RSI being wildly over sold, and cypher now showing green, I think we could be in a bullish scenario. That being the case, I think a retest of the top of this OB, and maybe the 200 weekly MA is possible...even likely, but if they hold...I think we re-enter our range for further accumulation before entering the bull market.
Please note: this wont happen overnight...THIS COULD/SHOULD TAKE MONTHS!
Well, its happened!
However we now see BTC break above these points and towards the key lows from our previous HTF range.
With both RSI being wildly over sold, and cypher now showing green, I think we could be in a bullish scenario. That being the case, I think a retest of the top of this OB, and maybe the 200 weekly MA is possible...even likely, but if they hold...I think we re-enter our range for further accumulation before entering the bull market.
Please note: this wont happen overnight...THIS COULD/SHOULD TAKE MONTHS!
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.