377 Daily EMA acting as support for BTC
Bull pennant about to break
November to December - Price action plays withing the pennant
Late December to January - break out of the pennant, temporarily consolidate to support
January - slowly creeps upward to resistance, forms a bull pattern, probably a flag
Late January - Breaks out of flag and test $16,000 to ATH but fails
Early February - Consolidate 36-45% depending on how massive the movements are
Mid to Late February - Creeps to ATH and eventually BREAKS ALL TIME HIGH
CNBC REPORTS ON BITCOIN BREAKING ATH
Early to Mid March Peak to $34,000 - 54,000
Late March - Consolidate 60-80% depending on how massive the movements are
Bull pennant about to break
November to December - Price action plays withing the pennant
Late December to January - break out of the pennant, temporarily consolidate to support
January - slowly creeps upward to resistance, forms a bull pattern, probably a flag
Late January - Breaks out of flag and test $16,000 to ATH but fails
Early February - Consolidate 36-45% depending on how massive the movements are
Mid to Late February - Creeps to ATH and eventually BREAKS ALL TIME HIGH
CNBC REPORTS ON BITCOIN BREAKING ATH
Early to Mid March Peak to $34,000 - 54,000
Late March - Consolidate 60-80% depending on how massive the movements are
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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.