2 Simple items to point out on this chart.
First, at today's low, Bitcoin was the closest it has come to its 200 day Simple Moving Average since the halving last May 2020. At today's low, bitcoin was a mere 5% higher than the moving average. In a bull trend, the 200 SMA is considered longer-term support. The 200 SMA is near $39-40k now.
Secondly, there is a simple equal wave pattern where the second leg lower was equal to the first leg lower. In Elliott Wave terms, that is considered a zigzag and most of the time is completely retraced. This suggests new highs are coming soon.
Good luck out there!
First, at today's low, Bitcoin was the closest it has come to its 200 day Simple Moving Average since the halving last May 2020. At today's low, bitcoin was a mere 5% higher than the moving average. In a bull trend, the 200 SMA is considered longer-term support. The 200 SMA is near $39-40k now.
Secondly, there is a simple equal wave pattern where the second leg lower was equal to the first leg lower. In Elliott Wave terms, that is considered a zigzag and most of the time is completely retraced. This suggests new highs are coming soon.
Good luck out there!
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Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。