We have seen some downside volatility from BTC today, but this is just consolidation between 21-week EMA and 50-week EMA.
This is the second time we've seen this with BTC PA this year. We can see what BTC did once it broke out of the consolidation in July.
This two weekly EMA's are main bullish indicators.
The second support is the diagonal thats is marked green from which BTC broke out in October and is now been retested as support.
The current price action is neutral on the weekly, or even bullish, but on the low time frames it looks bearish, so you just need to zoom out.
Once BTC breaks above 21-week EMA and retest it successfully, we'll see exponential growth towards $100k IMO.
Patince is needed right now.
This is the second time we've seen this with BTC PA this year. We can see what BTC did once it broke out of the consolidation in July.
This two weekly EMA's are main bullish indicators.
The second support is the diagonal thats is marked green from which BTC broke out in October and is now been retested as support.
The current price action is neutral on the weekly, or even bullish, but on the low time frames it looks bearish, so you just need to zoom out.
Once BTC breaks above 21-week EMA and retest it successfully, we'll see exponential growth towards $100k IMO.
Patince is needed right now.
Comment:
BTC currently testin the 21-week EMA from the downside. Breakout here and 56k will come quick. Don't forget that BTC usually retest the breakout like it did in early August.
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