Disclaimer: I don't think this cycle's top is in yet.
We have been ranging between 91k and 107k for a couple of months now. If we're printing a reaccumulation pattern, then this is what could happen.
The daily 200MA should be around 80k and help support the fall by the ~23rd of February.
Also, the recovery after the spring could take longer, so don't take the path I drew in yellow too seriously.
We have been ranging between 91k and 107k for a couple of months now. If we're printing a reaccumulation pattern, then this is what could happen.
The daily 200MA should be around 80k and help support the fall by the ~23rd of February.
Also, the recovery after the spring could take longer, so don't take the path I drew in yellow too seriously.
Trade active
Here's the drop.Note
The price reached ~78k, so around the expected target of ~80k. Time to go up.Note
Things are going as planned so far, we're going up.
Disclaimer
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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.