VERY important moment for BTC on daily

DISCLAIMER: below are mostly bearish thoughts, but don't worry - BTC will touch 60-62k for sure even if it start retracement after.

I see similarity in BTC charts with my EMAs now and on January 2018. I will show you the charts to compare. Pay attention to blue VWMA - it always act as very strong SR. Either reject price or cause a strong impulse on breakout. At all timeframes. But the higher the more important as you know.

Day timeframe:

4H timeframe:

Last top at 4H actually looked a lot the same as what we see now at day timeframe.

Hopefully it will be a breakout. I always foreseen ATH for December 2021 =)
Cycles are cycles. You can't break the tradition, especially with so many bullish fundamental changes coming in.

評論:

Ok, so at 4H BTC moved above MAVW which is now at 52815 and also above 233 EMA at 55600. Usually price tend to come back to MAVW unless its a trend (which is not the case now). I think we have very similar situation to September. If lucky it will lead to another several weeks of consolidation and then hopefully continuation of global uptrend.

4h now:

September:

At daily price moved above MAVW, but losing volume and momentum. At this timeframe the decision moment isn't over yet. Pivot at ~55000-54700. Drop below will turn the picture bearish again.

Day now:

Day September:

P.S. In case you ask, why EMA233 and not 200 - because it doesn't matter. For me Fibonacci based values are more important than those used by majority. In the end they show =/- same values and price action cross and bounce from both same way. Don't put too much importance to things that don't have it.