BTC / USD
In my last idea about BTC i shared what is most likely scenario is BTC to consolidate around 37k
Thats whats happening in current time lets talk about all scenarios
Well this is battle between bulls and bears
📌SHORT TERM VIEW :
if bulls can hold 36-37k then we can see another bullish wave toward resistance zone 41k and higher
However if bears win this battle by losing important Support zone between 35-34.5k by daily close we will going to test strong support zone below again
📌LONG TERM VIEW :
⬇️BEARISH SIDE 🐻: most likely we will see death cross..what is death ctoss ?
A death cross occurs when the 50-day moving average crosses below the 200-day moving average
But this not the end many times before when BTC has death cross we see it pumping hard in short term
We can consider death cross important indicator like other indicators
⬆️BULLISH SIDE 🐂 : bulls still hold BTC price very well on weekly logarithmic chart and above 50W ema So bulls still have some hope
check this idea about the Bullish side 👇:
Right now this area is battlefield between bulls and bears ..which side you support the most ?
show your support to my efforts by like my ideas and follow
In my last idea about BTC i shared what is most likely scenario is BTC to consolidate around 37k
Thats whats happening in current time lets talk about all scenarios
Well this is battle between bulls and bears
📌SHORT TERM VIEW :
if bulls can hold 36-37k then we can see another bullish wave toward resistance zone 41k and higher
However if bears win this battle by losing important Support zone between 35-34.5k by daily close we will going to test strong support zone below again
📌LONG TERM VIEW :
⬇️BEARISH SIDE 🐻: most likely we will see death cross..what is death ctoss ?
A death cross occurs when the 50-day moving average crosses below the 200-day moving average
But this not the end many times before when BTC has death cross we see it pumping hard in short term
We can consider death cross important indicator like other indicators
⬆️BULLISH SIDE 🐂 : bulls still hold BTC price very well on weekly logarithmic chart and above 50W ema So bulls still have some hope
check this idea about the Bullish side 👇:
Right now this area is battlefield between bulls and bears ..which side you support the most ?
show your support to my efforts by like my ideas and follow
