BTCUSD LONG ($237.5K by Feb'22)
Updated
On the weekly,
* BTCUSD has bounced off the 20W SMA (bullrun support line), and stayed above it.
* BTCUSD 21W EMA has crossed over the 20W SMA; this shows upwards momentum.
* BTCUSD has crossed the 8W SMA, and stayed above it; this shows strong upwards momentum.
On the monthly,
* RSI is currently at 71.35.
* If 1) BTCUSD monthly RSI trend grows at a constant rate, and 2) historical trend since 2013 persists, monthly RSI will peak before Jan'22, with BTCUSD peaking by Feb'22.
* If historical Fib levels persist, then BTCUSD will peak at around 237.5K by Feb'22.
* Corollary, alts may peak before 15 Mar'22. Dubious speculation: 11 Mar'22 to be precise.
* BTCUSD has bounced off the 20W SMA (bullrun support line), and stayed above it.
* BTCUSD 21W EMA has crossed over the 20W SMA; this shows upwards momentum.
* BTCUSD has crossed the 8W SMA, and stayed above it; this shows strong upwards momentum.
On the monthly,
* RSI is currently at 71.35.
* If 1) BTCUSD monthly RSI trend grows at a constant rate, and 2) historical trend since 2013 persists, monthly RSI will peak before Jan'22, with BTCUSD peaking by Feb'22.
* If historical Fib levels persist, then BTCUSD will peak at around 237.5K by Feb'22.
* Corollary, alts may peak before 15 Mar'22. Dubious speculation: 11 Mar'22 to be precise.
Note
Did the liquidity grab that just happened confirm the mid-channel on the weekly? :)Note
BTCUSDT will be colliding with the 8W SMA in two weeks' time. It may bounce of it, or it may dump. Nontheless, till then, alts will probably be growing healthily.
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.