-BTC could bottom, as usual, on the 200 weekly MA - before, during (on the same day) or shortly after halving
-Halving is over-hyped socially, but no one will FOMO or market buy BTC just because of it
-Daily oscillators look like they want to go down
-Volume is decreasing
-Halving would bring volatility, so a quick dip to 200 MA could wake bulls for the start of new parabolic run
-Halving could bring nothing, so many could sell shortly after it due to lost patience/hope
-Halving is over-hyped socially, but no one will FOMO or market buy BTC just because of it
-Daily oscillators look like they want to go down
-Volume is decreasing
-Halving would bring volatility, so a quick dip to 200 MA could wake bulls for the start of new parabolic run
-Halving could bring nothing, so many could sell shortly after it due to lost patience/hope
Note
currently monitoring if the price will break the 8000 level and dip below the white bands or will bounce around 8200-8500
Note
*hint H&SNote
if this 200 weekly MA is the "real" bottom, we will test is a couple of times before we go up again (like early January 2019). don't rush to buy and wait to see how the market will react
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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.
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.