Welcome Traders, Investors & Gamblers 😃
The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on @TradingView since at least February.
Now we have perfect alignement with this falling wedge and the 200 week SMA.
Im looking for a wick down to about 20k or even aslow as 17-18k (see 78.6 of Fibonacci Retracement) and then a weekly close above the 200 week SMA and the support of the falling wedge.
The technical breakout target of the bullish pattern would be right around 66k!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on @TradingView since at least February.
Now we have perfect alignement with this falling wedge and the 200 week SMA.
Im looking for a wick down to about 20k or even aslow as 17-18k (see 78.6 of Fibonacci Retracement) and then a weekly close above the 200 week SMA and the support of the falling wedge.
The technical breakout target of the bullish pattern would be right around 66k!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
