Bitcoin Must Show Decisive in its Move before im excited
Hi guys. So i posted recently some crypto related stock ideas. I felt like i should do a BTC update as they are directly related. When BTC goes up, all related crypto assets move up.
So lets jump right in.
This is a 1 week analysis.
So we have established a consolidation range. Consolidation ranges is just a price range between which an asset moves up and down in.
The key is to observe a confirmation of a breakout either ABOVE or BELOW it.
The Key lvls are:
1. $61,000 as support
2. $71,000 as Resistance
FOr our Bull market to continue and move into the final supercycle phase of the crypto market we need a DECISIVE BREAK ABOVE 71,000.
This will in a short time print a blowoff top and end Bull market.
I have up a bunch of Moving averages in different colors.
What i'd love to see is from ascending order:
Purple 1st
Green 2nd
Blue 3rd
Red at the bottom
This order signifies that a Bull market is going on.
STOCH RSI has also crossed BUllish above the 20 lvl. If you look left, everytime we've done so We've moved higher.
_________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on BTC in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
So lets jump right in.
This is a 1 week analysis.
So we have established a consolidation range. Consolidation ranges is just a price range between which an asset moves up and down in.
The key is to observe a confirmation of a breakout either ABOVE or BELOW it.
The Key lvls are:
1. $61,000 as support
2. $71,000 as Resistance
FOr our Bull market to continue and move into the final supercycle phase of the crypto market we need a DECISIVE BREAK ABOVE 71,000.
This will in a short time print a blowoff top and end Bull market.
I have up a bunch of Moving averages in different colors.
What i'd love to see is from ascending order:
Purple 1st
Green 2nd
Blue 3rd
Red at the bottom
This order signifies that a Bull market is going on.
STOCH RSI has also crossed BUllish above the 20 lvl. If you look left, everytime we've done so We've moved higher.
_________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on BTC in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
