Ronin4nana
Long

BTC Daily/weekly PSAR's bullish. Monthly chart review.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The daily and weekly PSAR's have flipped to bullish as we crossed over 9k. The next psychological barrier remains at 10k and if we cross that barrier that will trigger the end of a crypto winter for many doubters. This will in turn cause FOMO in the public and drive prices up. The projections of 60k+ for BTC are realistic if you review a parabolic curve. The fib extension displays a 13k target and 19k target.

Comments

Ronin4nana cocoadreamboy
@cocoadreamboy. The point of using a monthly trend is to overlook the normal charts like you’ve done and look for the general trend moving forward. MM’s run the charts downwards to weed out weak hands and reset the oscillators.
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