BTC - 10 October 2019 - Long Waited Bounce Targets
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Bitcoin has been struggling below 50 daily MA for a while.
Yellow line is 50 MA and Red line is 200 MA. Looking at the past, we might be about to see a pull back to 50 day MA and a test. Targets are from 9400 - 10000usd
If bitcoin decides to reverse the trend we will be buying back above 11k. Enjoy the green bars my friends!
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will we break the channel downwards or upwards? lets see...
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Most Bullish scenario I have: 4-5 more months of consolidation sideways and bull... Direct skyrocket moon bull season is the most unhealthy thing that can happen to bitcoin... 20k in 2 months? Really really bad for bitcoin
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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.