BTC is due for a correction and has not Tested the Weekly 21EMA in this Bull Run
Last Bull Run the Weekly 21 EMA was tested several times.
Weekly RSI is getting dangerously close to 3 previous all-time highs, only room for one or 2 more ticks up
Fear and Greed index in mid 90's
Fib Extension of 3.618 is around $62K..top out there...for now...
Dip down to $28K and test the Weekly 21 EMA, which would also be the 61.8-65% Fib Retracement called the Golden Pocket
Re-Group, Make a new Higher Low at around $28K
Consolidate and off to the races again to $100K+
Then another test of the Weekly 21EMA
Blue Fib is the Extension off 3125 to 19666
Black Fib is the retracement using the VPBR base of 9800 and 62K as a top
Matches up perfectly
Save this chart and see how it plays out in a few weeks
Last Bull Run the Weekly 21 EMA was tested several times.
Weekly RSI is getting dangerously close to 3 previous all-time highs, only room for one or 2 more ticks up
Fear and Greed index in mid 90's
Fib Extension of 3.618 is around $62K..top out there...for now...
Dip down to $28K and test the Weekly 21 EMA, which would also be the 61.8-65% Fib Retracement called the Golden Pocket
Re-Group, Make a new Higher Low at around $28K
Consolidate and off to the races again to $100K+
Then another test of the Weekly 21EMA
Blue Fib is the Extension off 3125 to 19666
Black Fib is the retracement using the VPBR base of 9800 and 62K as a top
Matches up perfectly
Save this chart and see how it plays out in a few weeks
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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.