BitcoinLong
BTC USD : Bullish abcd test
Updated
In weekly chart
- Forming a falling wedge & failed to breakout its resistance
- 50ema act as a strong resistance
- 100ema act as a support line
- 100ma is below the falling wedge(5000)
- 200ema is far below the wedge(3800), but it is adjacent the long-term uptrend line.
There could be a panic sell when $5200 support line collapse with big red candle breaking down the 200ma.
BTC would fall down to the long-term upward trend line.
It could be supported by 200ema
*Don't take this seriously. :)
- Forming a falling wedge & failed to breakout its resistance
- 50ema act as a strong resistance
- 100ema act as a support line
- 100ma is below the falling wedge(5000)
- 200ema is far below the wedge(3800), but it is adjacent the long-term uptrend line.
There could be a panic sell when $5200 support line collapse with big red candle breaking down the 200ma.
BTC would fall down to the long-term upward trend line.
It could be supported by 200ema
*Don't take this seriously. :)
Note
Resistance by 10MA.
Technical rally could be occured upto $6200(Fib 0.5), I guess.
Keep watching.
Note
Some guy said that " "Investing is a transfer of wealth from the impatient to the patient".
That's it.
Note
50ema act as a resistance + 10ma support.
But don't lean on it. Market makers just go where they wanna go. what an unfair. zz
Note
Let's see if BTC goes upto 6280(Fib 0.618).
If so, it will be a good signal for more move up.
It could supported by 50 & 100ema over here.
If not, prepare for the 5K.
Note
Note
Bearish abcd had been failed. XD.How about bearish bat then? :D
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