THE Bullish Bitcoin Scenario!
Welcome Traders, Investors & Gamblers 😃
The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on TradingView since at least February.
Now we have perfect alignement with this falling wedge and the 200 week SMA.
Im looking for a wick down to about 20k or even aslow as 17-18k (see 78.6 of Fibonacci Retracement) and then a weekly close above the 200 week SMA and the support of the falling wedge.
The technical breakout target of the bullish pattern would be right around 66k!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on TradingView since at least February.
Now we have perfect alignement with this falling wedge and the 200 week SMA.
Im looking for a wick down to about 20k or even aslow as 17-18k (see 78.6 of Fibonacci Retracement) and then a weekly close above the 200 week SMA and the support of the falling wedge.
The technical breakout target of the bullish pattern would be right around 66k!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
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