Bitcoin is testing the weekly EMA200 (4200 avg) on various exchanges. Based on past price action we have not seen:
A) Death cross (EMA50 falling below EMA200 on weekly).
B) Price trading below EMA200 for months.
200 weeks average price approximates 4-years average growth. Thus, this price should provide some insights.
If this level breaks i.e. 4200, BTC can land on Fib0.886=2348 giving a short opportunity.
For now BTC is not a buy unless 4200 holds.
A) Death cross (EMA50 falling below EMA200 on weekly).
B) Price trading below EMA200 for months.
200 weeks average price approximates 4-years average growth. Thus, this price should provide some insights.
If this level breaks i.e. 4200, BTC can land on Fib0.886=2348 giving a short opportunity.
For now BTC is not a buy unless 4200 holds.
註釋
If this is true and if there is literally a bottom, then the next growth will be something extra-ordinary i.e. following the Fib extension, here are the numbers:註釋
yes, crazy stops:1) 30K
2) 49K
3) 86K
註釋
So far BTC is respecting the Weekly EMA200=4200
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