luissjp

2017 resistence and support repeating? death cross too

luissjp Updated   
INDEX:BTCUSD   Bitcoin
quite a few things are similar to 2017,

pycyle top
21 ema weekly was broken
200MA daily was broken

what should come next

-50MA weekly will work as support
-we will have a death cross
-price will bounce to the 200MA and fall from there,

other things to support the 50MA weekly
the middle line of the gaussian channel in the 5D
a support in the weekly rsi

other things to make residence the 200MA when we come back:
the gaussian channel
Comment:
death cross 200MA and 50MA on the daily

Comment:
expect the price to grow with the death cross to fall harder after
Comment:
5D gaussian channel, the middle line , math the support of 50MA weekly and the top line of the gaussian channel with match the 200MA as resistance ,when we bounce up.
Comment:
and last one the week rsi, has a support, that should match when we hit the 50MA weekly .
Comment:
seasing today price move and that we are out of the gaussian channel, we could still have a move similar to 2018.
Comment:
we a re quite close to the support for bounce, I kind od surprise how much did it fall from the 200MA last time, is really similar to this time too.
Trade closed: target reached:
first target of the down movement is been reach now let see if btc can hold the 50MA daily and the middle of the gaussian channel.
Comment:
we are still repeating a similar pattern
Comment:
daily comparision with 2018 , at that time we did a double top against the 200MA
Comment:
bounces of the 50MA weekly on the past
Comment:
we are quite close to target 200MA
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