Bitcoin decline to weekly green support band, first decline after one year above it.
Same time price now hitting bottom bolinger on daily.
Expecting some ping-pong play between top bottom bolinger, top bolinger and bunch of moving averages.
On the right chart example from before
On the right chart how previous decline to bottom bolinger played out before. Hitting bottom bolinger then going up to the top bolinger , decline to the bottom again, up to the top bolinger again and last time it couldn’t decline back , price was stopped by bunch of rising moving averages and pushed back up , finally breaking above top bolinger and keep moving up.
Same time price now hitting bottom bolinger on daily.
Expecting some ping-pong play between top bottom bolinger, top bolinger and bunch of moving averages.
On the right chart example from before
On the right chart how previous decline to bottom bolinger played out before. Hitting bottom bolinger then going up to the top bolinger , decline to the bottom again, up to the top bolinger again and last time it couldn’t decline back , price was stopped by bunch of rising moving averages and pushed back up , finally breaking above top bolinger and keep moving up.
