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bubbleb0y
Feb 20, 2019 3:36 AM

Next Moves - Rangebound 

Bitcoin / U.S. dollarBitstamp

Description

At this point it seems as if Bitcoin has enough momentum to make a push above $4000. I think next resistance will come in the form of the 20 week moving average at around ~4450 or so. Would look to short there with a stop moderately above the 20wk and a take profit at around the 200wk (~3400). I look to the structure during the prior bottoming period (2015) as a guidepost for how the current setup could play out - rangebound between 20 and 200wk averages to the point of near-compression before the Nov 2015 breakout
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