Bitcoin, Waiting for 21 MA a week, then a double pump?
Bitcoin, Waiting for 21 MA a week, then a double pump?
In today’s part, the 21 MA per week will play a major role. Many of us are already looking forward to the inevitable touch. There are well-known analysts who expect ~ 35K hours of this touch. Since then, the weekly 21 Today is lurking around 46K. So whoever thought he was selling at a peak at 35K would surely be heartbroken.
Analysis:
Here the blue line is the moving average of 21 per week. Since it has not been affected by the exchange rate for a long time, the question rightly arises as to when it will ultimately be affected?
There have only been 1x similar cases in the past, at an early stage of Bitcoin.
2012-12-22 - Until 24/06/2013, for 35 weeks, 21 MA was not affected. This is still a record. Currently, the last time I was in touch was on September 21, 2020, which is already 32 weeks! So within 3 weeks, we will either touch the 21 MA again or a new record will be set. It is amazing this strength at such a high rate! Remember, it produced the same at $ 10 that year as it does now at $ 10,000. There are a few orders of magnitude differences between the two numbers. Yet many similarities can be discovered in motion then and now. After the big rise, Anno formed his own bull flag on the exchange rate, which exemplified the target price, i.e. the first 780% rise, another 780% rise shop in response.
Currently, the exchange rate has risen 390% and it is as if it is starting to copy the 2013 mega bull flag. If this fractal is repeated again, the PlanB S2Fx model will certainly be confirmed by this analysis. Because another 390% rise could catapult us straight to the $ 270K exchange rate.
What’s even more interesting here is that in 3013, it not only affected the 21 MA, but also broke it. It temporarily acted as a resistor for a few weeks. If this is repeated, it may include a 38K support touch, which is the top of the support. Or, as Peter L. Brandt expects, the bottom of the prop could be in the deck. This can be the level where weak hands, be they institutional investors, are: they are shaking.
Conclusion:
In my opinion, a movement similar to the 2013 double pump can be expected.
ALTs promise more, but this seemingly uncertain BTC siding for the uninitiated could bleed inexperienced newcomers trading on the ALT, who would eventually flee to the secure BTC. Which they do very well.
If you liked the analysis, click on a liking and subscribe to be informed about future analyzes and updates.
Non-financial advice. Trading in cryptocurrencies is risky and can result in losses.
Translated with Googel Translator
Peace
The-Line
In today’s part, the 21 MA per week will play a major role. Many of us are already looking forward to the inevitable touch. There are well-known analysts who expect ~ 35K hours of this touch. Since then, the weekly 21 Today is lurking around 46K. So whoever thought he was selling at a peak at 35K would surely be heartbroken.
Analysis:
Here the blue line is the moving average of 21 per week. Since it has not been affected by the exchange rate for a long time, the question rightly arises as to when it will ultimately be affected?
There have only been 1x similar cases in the past, at an early stage of Bitcoin.
2012-12-22 - Until 24/06/2013, for 35 weeks, 21 MA was not affected. This is still a record. Currently, the last time I was in touch was on September 21, 2020, which is already 32 weeks! So within 3 weeks, we will either touch the 21 MA again or a new record will be set. It is amazing this strength at such a high rate! Remember, it produced the same at $ 10 that year as it does now at $ 10,000. There are a few orders of magnitude differences between the two numbers. Yet many similarities can be discovered in motion then and now. After the big rise, Anno formed his own bull flag on the exchange rate, which exemplified the target price, i.e. the first 780% rise, another 780% rise shop in response.
Currently, the exchange rate has risen 390% and it is as if it is starting to copy the 2013 mega bull flag. If this fractal is repeated again, the PlanB S2Fx model will certainly be confirmed by this analysis. Because another 390% rise could catapult us straight to the $ 270K exchange rate.
What’s even more interesting here is that in 3013, it not only affected the 21 MA, but also broke it. It temporarily acted as a resistor for a few weeks. If this is repeated, it may include a 38K support touch, which is the top of the support. Or, as Peter L. Brandt expects, the bottom of the prop could be in the deck. This can be the level where weak hands, be they institutional investors, are: they are shaking.
Conclusion:
In my opinion, a movement similar to the 2013 double pump can be expected.
ALTs promise more, but this seemingly uncertain BTC siding for the uninitiated could bleed inexperienced newcomers trading on the ALT, who would eventually flee to the secure BTC. Which they do very well.
If you liked the analysis, click on a liking and subscribe to be informed about future analyzes and updates.
Non-financial advice. Trading in cryptocurrencies is risky and can result in losses.
Translated with Googel Translator
Peace
The-Line
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