I've posted a chart last week explaining the implications of BTC and how it'll make its way down to the 21 EMA weekly, which right at this moment sit somewhere in the mid-8000's. The first bounce I will be taking is in those area on the 12 HR chart where the 200 MA (pink link) and 200 EMA (purple link) meets. As long as we're closing candles and opening candles above these two Moving Averages, expect a big rally back to the upside as momentum shifts from short-term bear to short-term bull. I'll update once we get there, no need to speculate what will happen.
Please keep in mind that as long as BTC is going sideways, in consolidation, this will allow the EMA and MA to catch up to price. And again, I'll update when we get there, no need to speculate.
Lower time-frame up to the 2-day time-frame, the Bollinger Band is constricted, meaning a big move is on the horizon. And you need to be on the right side of the trade soon or you will either get rekt or rich.
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Also, if you like my analysis of the market and it helped you learn or made some money, please consider using my referral links.
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Please keep in mind that as long as BTC is going sideways, in consolidation, this will allow the EMA and MA to catch up to price. And again, I'll update when we get there, no need to speculate.
Lower time-frame up to the 2-day time-frame, the Bollinger Band is constricted, meaning a big move is on the horizon. And you need to be on the right side of the trade soon or you will either get rekt or rich.
#Get Rich or Die Liquidated
Also, if you like my analysis of the market and it helped you learn or made some money, please consider using my referral links.
www.deribit.com/reg-4097.5044
www.bitmex.com/register/RaKti4