The last time the MA50D and MA200D intersected, the price increased by 500%, and due to the approach of the MA50D to the MA200D, and in case of interruption, the price increase is possible.
Of course, it should be noted that at that time, Bitcoin was in a better condition than now.
Considering the formation of engulfing in the daily time frame that takes place in the next three hours and the confirmation of the failure of the support of 1.618 Fibonacci, I predict the price term up to the range of $ 1.6 and if the next support fails, $ 1.5 is the best entry point. For this currency and the start of the next wave is an uptrend.
Of course, it should be noted that at that time, Bitcoin was in a better condition than now.
Considering the formation of engulfing in the daily time frame that takes place in the next three hours and the confirmation of the failure of the support of 1.618 Fibonacci, I predict the price term up to the range of $ 1.6 and if the next support fails, $ 1.5 is the best entry point. For this currency and the start of the next wave is an uptrend.
