What Bitcoin Needs To Do in 72 Hours!
Hi everyone,
Thank you for considering reading my idea.
Before reading this idea, I recommend that you read my previous idea linked below.
We said on our previous idea that we need to close above the 50-week Moving Average (see idea below why). We closed the daily candle at $43,097.6 and the 50-week Moving Average is at $48,184.28. In order to close above that, Bitcoin needs to go up at an average of $1,695.56 per day in 3 days (72 hours) before we close the weekly candle.
One great scenario is IF we pump up to $50,900 because this could be an inverted head and shoulders scenario. In order to go to 50.9K in 3 days, Bitcoin would need to pump $2,600.8 per day for 3 days.
Obviously, Bitcoin would not do this because I told you so. This is just one of many scenarios but still consider what would happen if we close below the 50 week Moving Average.
Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
Before reading this idea, I recommend that you read my previous idea linked below.
We said on our previous idea that we need to close above the 50-week Moving Average (see idea below why). We closed the daily candle at $43,097.6 and the 50-week Moving Average is at $48,184.28. In order to close above that, Bitcoin needs to go up at an average of $1,695.56 per day in 3 days (72 hours) before we close the weekly candle.
One great scenario is IF we pump up to $50,900 because this could be an inverted head and shoulders scenario. In order to go to 50.9K in 3 days, Bitcoin would need to pump $2,600.8 per day for 3 days.
Obviously, Bitcoin would not do this because I told you so. This is just one of many scenarios but still consider what would happen if we close below the 50 week Moving Average.
Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Related publications
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.