BTC and the battle of 16,700

Last cycle bottom was marked by a 50sma 100sma cross.

This time possibly a 50sma crossing the 100sma and then the 150sma to mark bottom, which has recently occurred.

Confluence in the horizontal support area with a rising non horizontal support trend line.

Do your own DD

Come to your own conclusions.

NFA

GL

Comment!

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slope on the MA's looks like they are leveling out and preparing for incline.
Zoom Zoom.

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Added this chart to highlight the end of a rsi trend as well on the weekly. look at the two areas on the rsi circled with red elipses

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Also wanted to add these trend prospectives.
Not the nicest looking bull blag formation, but it has a lot of the characteristics.

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Trade closed: target reached:

Closed

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Want to update the continuation for the sake of sharing.
Mid Term targets relative to the timeframe in Blue

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1 Hour Chart Quick Update. Will post the overview chart for this soon.

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Back to the monthly. We are targeting the higher resistance it appears. RSI on monthly is still near neutral.

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On the daily, BTC is nearing a crossroad.

This is a decision area for the token.

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Fib circles made on a close 45 degree angle.
Price action is hitting a strong rising support.
Bullish Macro Target above.
Bearish continuation targets Below.
NFA

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I am very curious to see what happens here. I am neutral.

BTC falling onto support on the weekly chart.

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From the close up 30 minute perspective.

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Here is the 4 hour update.

Rsi is high and turning downward.

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I would ignore the RSI here.

Looks like btc has a macro trend to test above.

lines up with the 1.618

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One last pullback before the true bull run commences. To the top of the profile!

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"w" u tang is for the children

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heres my bearish case at this point in the weekly. three scenarios in the event that there is not enough momentum to break this resistance we are meeting.