Looking at MA's and bitcoin history we need to understand that bitcoin loves to touch MA200 & MA20.
Since we just touched MA50 (red line) we are having a bounce to MA20 (blue line)
This pump is not just a coincidence or a fake impulse.
Is real because we had to go up after touching MA50, but whoever knows this they just push it a bit more and that's why we had pumps of $3k last week.
Now what I see is we need to touch MA20 and that is $44k aprox.
If we are super bullish we will go as high as $53k.
If we are in doge style bullish etc will cross $58k and from there the route to a new ATH is a real possibility (so far no) .
For now this is just an idea of what could happen is we cross $44k.
Now with $44k we complete wave B of the kickoff distribution and then the path is downtown towards $14k with so many up and downs.
Let's stay vigilantes of our trades.
I just present potential scenarios so we are always aware.
BTCUSD
Since we just touched MA50 (red line) we are having a bounce to MA20 (blue line)
This pump is not just a coincidence or a fake impulse.
Is real because we had to go up after touching MA50, but whoever knows this they just push it a bit more and that's why we had pumps of $3k last week.
Now what I see is we need to touch MA20 and that is $44k aprox.
If we are super bullish we will go as high as $53k.
If we are in doge style bullish etc will cross $58k and from there the route to a new ATH is a real possibility (so far no) .
For now this is just an idea of what could happen is we cross $44k.
Now with $44k we complete wave B of the kickoff distribution and then the path is downtown towards $14k with so many up and downs.
Let's stay vigilantes of our trades.
I just present potential scenarios so we are always aware.
BTCUSD