BTC bull or bear new weak will decide

Updated

Until now any test of the 50MA weekly as resistance had failed and end up visiting the 200MA weekly.
The main support that is been holding us is the 200ma 3d.
if we break it expect a sell to the 200MA weekly around the 20K.

In 2018 we fail to break the 50Ma weekly and the rsi was in the similar place we are now.

check the too lines in rsi, and if we break them we will be bull.

we finally can see next week where the market is headed, bull or bear,

If we are based on the past we will be bear, but bitcoin tends to do the opposite of expected, and this time is not the first time this pattern happen, the more repeated a pattern is the less likely will be it happens.

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previous idea

we have broken the 50MA weekly , we normally visit 200MA weekly

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this is the daily , the resistence to break to go bull, and a posible triangle almost done with a target of 58K

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we close the weekly above the 50MA weekly and the rsi is above from the resistence of the rsi we fail to break in 2018, for now it a win for the bulls

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few hours to the week end looks quite positive, we hold the 50MA and we have a green candle

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last challengue to be full bear is to break the 200MA daily

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close all the previous week doesn't look good at all, and today open ing is a bad one

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are we goign to repeat the death cat bounce of 2018

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still think a bounce to the bull support band is posible

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update idea

Trade closed: target reached

we arrived to the 200MA , and the weekly rsi is in his lowest

luissjp

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