Blinderdot

BTCUSD comes to a crucial moment, I'm fairly bullish.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It seems two strong trendlines are coming to a clash in Bitcoin , the (red) downward trendline from the ATH and the Hyperwave phase 3 that it has been reinforced by numerous hits a long the way (Hyperwaves phases get stronger the more hits and intra-week penetrations they endure)

- Seems like the 200 MA and 50 MA on the daily candles won't be crossing before this clash occurs, so in my opinion this is a bullish sign.
- Also bullish is the fact that bitcoin has been making higher lows every time it falls (purple circles), both swing lows and candle closing.
- TD sequential count is on a 4, so that is bearish .

I've drawn two possible routes the price might take to reach the hyperwave phase 3 line by the weekly closing

I wouldn't trade right now to be honest, I'd wait for the outcome of the clashing of this two trendlines by tuesday or so.
Mar 27
Comment: To learn more about Hyperwave technical analysis, go to Tyler Jenks youtube channel:

https://www.youtube.com/channel/UCLJxbdX...
defenitely lol
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