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Update on BTC USD following the retest of 200 day MA

Long
Bitcoin (COINBASE:BTCUSD)  
Shadowfigure  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Wave Analysis BTC bullcase keylevels retest seekingconfluence 200dayma
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trendanalysis indicator waveanalysis btc bullcase keylevels retest seekingconfluence 200dayma
Looks like the 3rd wave DID in fact consist of a 3, 4, 5 on the Elliot wave. I am still holding onto this 200 day MA as support theory, while respecting the fib retracement levels at 46901 and 46232.

This would be the 3rd time we test / breach the 200 day MA in the last month. If we hold these levels again and start our reversal, I expect the whale bears will be returning to the market just in time to kick off Q1 2022 and a nice 3 month bull run.

What side are you on? Bull or bear?

#SeekingConfluence #BullWhale #BearWhale #WhaleWhales

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