As Bitcoin sat a new higher high breaching 55k so far, bears are burning like a moth into a flame.
This signals a confirmation for the bull trend that re-started in July, as the retest of the 21W EMA & 20W SMA successfully done.
Keep an eye on the following:
1) Bitcoin is battling right now the 0.702 level, expect high volatility before the PA subsides.
2) a retest for the 8W SMA may continue to go along with Bitcoin rise.
3) And any time the 8W SMA doesn't hold, a retest for the 200D SMA will remain in the cards as a healthy continuation for the bull trend from time to time especially for the ALTS.
4) The 20W SMA shall remain Bitcoin's support through the bull run on the weekly chart.
Shout out to all the bulls out there... see you north of 64k before end of October inshallah.
This signals a confirmation for the bull trend that re-started in July, as the retest of the 21W EMA & 20W SMA successfully done.
Keep an eye on the following:
1) Bitcoin is battling right now the 0.702 level, expect high volatility before the PA subsides.
2) a retest for the 8W SMA may continue to go along with Bitcoin rise.
3) And any time the 8W SMA doesn't hold, a retest for the 200D SMA will remain in the cards as a healthy continuation for the bull trend from time to time especially for the ALTS.
4) The 20W SMA shall remain Bitcoin's support through the bull run on the weekly chart.
Shout out to all the bulls out there... see you north of 64k before end of October inshallah.
Unless you figure a way to make money while you sleep, you’ll work till you die.