CHART TO PLAY WITH, LOTS OF VARIABLES/ TARGETS NOTED-ENJOY!
This chart contains many variables, Large Blue Triangle is Made on the Daily using Candle Bodies, No Wicks...it was uploaded on the 4hr time frame. Please play with the Daily & Weekly to see what I see.
History Shows... In an UPWARD TREND (Bull Market) ...Once the Golden Cross is confirmed, on the 4hr chart, Price Action will come back and test the 200 EMA or the 200 SMA, (within +/- 1.5% of the average) You can back test it...Shout Out to Krown's Crypto for that knowledge!! Once the Price tests the 200EMA/SMA, then history shows a 50%-400% gain over the next few months...( but I personally don't think it would be 400% this time), but 100% would be 20K+! This is on the 4hr chart marked with notations and grid lines. Right now the Fib is holding down price at the 38% re-tracement level on the 4hr, touched the 50EMA but hasn't hit the 200 EMA or SMA.
Another interesting thing to look at is on the DAILY CHART... Lower Highs, Lower Lows, Forming a Huge Symmetrical Triangle. Symmetrical Triangles usually break-out when about 69% Full...indicated by the measurement on the left, the Black Arrows and the Red-Dashed vertical line...along with Upper and Lower Targets(Blue Lines) of approx 16K and 6K respectively. At 69% the daily Triangle, using Candle Bodies, not wicks should break-out close to Aug 20th.
Don't forget on the Weekly, Price action in a Bull Run always comes back and tests the Weekly 21 EMA, then moves North... and that hasn't been done yet! Marked on Chart in Yellow Line
And...That retest of the Weekly 21 EMA could Over-Shoot a bit and Cover the OLD GAP Formed on CME's from 8515-9990!...another area labeled on chart.
Summary: 1) BTC could pop down to the 200 EMA/SMA ... & then Break-out North of Lrg Triangle & shoot up 50%-150% over the next couple months to New All-Time Highs...
2) BTC Break Down Past the 200EMA/SMA and Break-out South of the Lgr Triangle and test the Weekly 21 and Cover the CME GAP @ 8515...then Shoot North...
3) BTC Break South from Lrg Triangle and hit measured move to bounce @ 6K finding Support at the all-to-familiar 6.4K...and then start a climb to All-Time-Highs
PLAY WITH THE CHART, EXPAND IT, SHORTEN IN, CHANGE TO DAILY OR WEEKLY, BUT UPLOADED ON THE 4HR TO SHOW THE 200 MA's
Price Will either go up or down...Duh-Huh, RIGHT LOL
History Shows... In an UPWARD TREND (Bull Market) ...Once the Golden Cross is confirmed, on the 4hr chart, Price Action will come back and test the 200 EMA or the 200 SMA, (within +/- 1.5% of the average) You can back test it...Shout Out to Krown's Crypto for that knowledge!! Once the Price tests the 200EMA/SMA, then history shows a 50%-400% gain over the next few months...( but I personally don't think it would be 400% this time), but 100% would be 20K+! This is on the 4hr chart marked with notations and grid lines. Right now the Fib is holding down price at the 38% re-tracement level on the 4hr, touched the 50EMA but hasn't hit the 200 EMA or SMA.
Another interesting thing to look at is on the DAILY CHART... Lower Highs, Lower Lows, Forming a Huge Symmetrical Triangle. Symmetrical Triangles usually break-out when about 69% Full...indicated by the measurement on the left, the Black Arrows and the Red-Dashed vertical line...along with Upper and Lower Targets(Blue Lines) of approx 16K and 6K respectively. At 69% the daily Triangle, using Candle Bodies, not wicks should break-out close to Aug 20th.
Don't forget on the Weekly, Price action in a Bull Run always comes back and tests the Weekly 21 EMA, then moves North... and that hasn't been done yet! Marked on Chart in Yellow Line
And...That retest of the Weekly 21 EMA could Over-Shoot a bit and Cover the OLD GAP Formed on CME's from 8515-9990!...another area labeled on chart.
Summary: 1) BTC could pop down to the 200 EMA/SMA ... & then Break-out North of Lrg Triangle & shoot up 50%-150% over the next couple months to New All-Time Highs...
2) BTC Break Down Past the 200EMA/SMA and Break-out South of the Lgr Triangle and test the Weekly 21 and Cover the CME GAP @ 8515...then Shoot North...
3) BTC Break South from Lrg Triangle and hit measured move to bounce @ 6K finding Support at the all-to-familiar 6.4K...and then start a climb to All-Time-Highs
PLAY WITH THE CHART, EXPAND IT, SHORTEN IN, CHANGE TO DAILY OR WEEKLY, BUT UPLOADED ON THE 4HR TO SHOW THE 200 MA's
Price Will either go up or down...Duh-Huh, RIGHT LOL