On the weekly,
* BTCUSD has bounced off the 20W SMA (bullrun support line), and stayed above it.
* BTCUSD 21W EMA has crossed over the 20W SMA; this shows upwards momentum.
* BTCUSD has crossed the 8W SMA, and stayed above it; this shows strong upwards momentum.
On the monthly,
* RSI is currently at 71.35.
* If 1) BTCUSD monthly RSI trend grows at a constant rate, and 2) historical trend since 2013 persists, monthly RSI will peak before Jan'22, with BTCUSD peaking by Feb'22.
* If historical Fib levels persist, then BTCUSD will peak at around $237.5K by Feb'22.
* Corollary, alts may peak before 15 Mar'22. Dubious speculation: 11 Mar'22 to be precise.
* BTCUSD has bounced off the 20W SMA (bullrun support line), and stayed above it.
* BTCUSD 21W EMA has crossed over the 20W SMA; this shows upwards momentum.
* BTCUSD has crossed the 8W SMA, and stayed above it; this shows strong upwards momentum.
On the monthly,
* RSI is currently at 71.35.
* If 1) BTCUSD monthly RSI trend grows at a constant rate, and 2) historical trend since 2013 persists, monthly RSI will peak before Jan'22, with BTCUSD peaking by Feb'22.
* If historical Fib levels persist, then BTCUSD will peak at around $237.5K by Feb'22.
* Corollary, alts may peak before 15 Mar'22. Dubious speculation: 11 Mar'22 to be precise.
Comment:
Did the liquidity grab that just happened confirm the mid-channel on the weekly? :)
Comment:
BTCUSDT will be colliding with the 8W SMA in two weeks' time. It may bounce of it, or it may dump. Nontheless, till then, alts will probably be growing healthily.
