We've seen this pattern before... Bitcoin had a strong drop after EMA50 had a bearish cross with EMA300, then the BTCUSD chart produced the "3 Heads Pattern" which can lead to a very strong increase in prices... Let's take a closer look.
On the left side of the chart, we can see the sequence completed.
To our right, only the final jump chasing MA200 is left.
When we saw this pattern back in June/July 2018, Bitcoin prices went from a low of $5755 to a high of $8506, a 48% jump.
Right now the low was set at $6477 and if the same sequence is completed as it happened before, Bitcoin can easily move to $8,800 or all the way to $9,284... What's your take?
Do you believe this is what will happen next?
Share your thoughts and charts with us in the comments section below.
Thanks a lot for reading.
Happy 2020. :)
Namaste.
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Bitcoin SV Reaches EMA300 | Can Grow 175% After Break
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- Bitcoin Breaks Another Barrier (Signals) | $7700 - $7990 Next! The bulls are taking the lead...
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RESTING IS HEALTHY
Everything you do on a daily basis consumes energy... That being working, talking, walking, thinking, and even getting ready for what comes next.
We know how important it is for us to eat healthy clean foods, if we want to be wealthy, smart, and rich. We know that we have to do exercises to be active and strong. But resting is the most important of all.
To be able to think straight, we need rest. To be able to produce the results we want... rest. Everything we do, we do for the things that we like and appreciate.
The break will help you do more, produce more, and enjoy the fruits of what you did until this day.
So leave your doubts for the things that are hard. Forget the worries they don't help anyway.
If for the next time you want to continue to be good, do good, be strong, and at the same time grow as much as you can...
Interesting!
This is my recent idea on Bitcoin.
Would be great to hear your thoughts about it
AlanSantana
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@Anpu, You are completely ignoring a potential follow up by the bulls.
Anpu
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@alanmasters, Thanks for feedback) No, I am not ignoring, but I have a different view on how market looks now) My previous idea on a bigger timeframe will show it
This is my recent idea on Bitcoin.
Would be great to hear your thoughts about it