If Bitcoin weekly can hold the 89 SMA at 7000 we can see a test of the 20 SMA at around 8800. We have to break it to have a new bull cycle which can bring Bitcoin in steps from 14K and 20K and to a new ATH over 50K (Upper resistance of the BItcoin Power Law Corridor of growth). If Bitcoin weekly breaks the 89 SMA at 7000 we can break down to the 200 SMA as seen...
A. Bullish case if we hold green box: 1. Target: 0.318 fib / 200SMA; 2. Target: red resistance line B. Bearish case if we break green box: 1. Target: 0.786 fib / POC 2. Target: green support line
ETPUSD Long/Short ratio ist still insane. First target is previous low. Can go under 1
OMFG as of today market now expecting EUR crash down to ALL TIME LOWS.
Also fib level 38,2 of my bear market target range (3000-5000) is 3764. Coincidence?
most likely we will touch 3500 in our buy zone (3000-5000) during next year. our end target is 222.222 in July 2021 where I will sell 100%. profit: 222.222/3500 = 63,5 x
BTCUSD low 3000-5000 between March and September 2019
Line goes straight to my first target for Summer 2020: 36K :)
Looks like 6,5-6K support area can break shortly. Next strong support between 5K and 4K. Good long term buying opportunity in this range. 5 week duration according to weekly TD indicator.
TVC:GOLD Update according to TomDemark (peak at 9):