BTCUSD - Bitcoin - 31 Weeks to Lambo !
Updated
Hello my fellow Bitcoinistas!
At the end of this past week the 20 and 40 week moving averages for Bitcoin have officially crossed over. Obviously if this holds the gap between the two averages will grow and as the weeks move on the cross will be solidly confirmed. the only way to undo it now is to have the bottom fall out for thousands of dollars and soon. I don't see that happening. You will also notice the time span from the last breakout (yellow) and the all time high at 31 weeks. If this breakout follows suit WATCH OUT! It's Lambo time!
At any rate, this is the main chart I am following for Bitcoin because I am not day trading ever little move. I am more interested in the bigger picture and the bigger picture is looking FANTASTIC! (In my opinion)
Good luck Bitcoinistas! May the odds be ever in your favor.
At the end of this past week the 20 and 40 week moving averages for Bitcoin have officially crossed over. Obviously if this holds the gap between the two averages will grow and as the weeks move on the cross will be solidly confirmed. the only way to undo it now is to have the bottom fall out for thousands of dollars and soon. I don't see that happening. You will also notice the time span from the last breakout (yellow) and the all time high at 31 weeks. If this breakout follows suit WATCH OUT! It's Lambo time!
At any rate, this is the main chart I am following for Bitcoin because I am not day trading ever little move. I am more interested in the bigger picture and the bigger picture is looking FANTASTIC! (In my opinion)
Good luck Bitcoinistas! May the odds be ever in your favor.
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The Bears are trying their best to break it down. The multi-year trendline will be around $7,350 by 8am tomorrow morning. I actually hope they touch it tonight and we bounce off of it. That would actually be the perfect scenario IMO. Breakout, touchback, and GO! We'll see soon....Note
How far have we come?
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