A Hilarious Rollercoaster Ride w/ BTC: Get Your Popcorn Ready!
Hey there, fellow Bitcoin enthusiasts and traders! Let me take you on a wild ride, so buckle up and let's get this Bitcoin party started! 🎢
Once upon a time, on January 9, 2023, Bitcoin said, "I'm tired of this 300-week moving average party, let's have some fun!" It then proceeded to crash through the ceiling at around $18,445 like a bullish Hulk. 💪
Why then? Well, the 20-week EMA and that pesky horizontal line from June 2022 decided to crash the party too. Did you manage to snag some Bitcoin between $16K-$17K? If so, give yourself a pat on the back! You've now got triple support in your corner, like a trio of bouncers. 💪💪💪
Fast forward to February 16, 2023, and Bitcoin decided to play a game of tag with the 200-week moving average at $25,250. But, like every good game of tag, it got tuckered out and took a breather down to around $19,700. That's when the 20-week EMA said, "Hey, I wanna play too!" and crossed above the 200-day moving average.
Now, here we are today (March 16, 2023), and Bitcoin has smashed through the 200-week moving average like it's made of candy, sitting pretty at $25,352. Just a few days ago, it reached $26,534 only to pull a "LOL JK" and find support at $24,150 (you know, those July-August 2022 highs).
So, what's next on this rollercoaster ride? I'm bullish as a bitcoin-loving bull 🐂 as long as we stay above $25,350. If we close the week below that, you can call me a bear 🐻 all the way down to 20K and below. Could we see wicks below 13K on the lower BB? Maybe, but at this point, I doubt it.
To sum it up, grab your popcorn and enjoy the ride, because this is one entertaining Bitcoin story! 🍿😄
Once upon a time, on January 9, 2023, Bitcoin said, "I'm tired of this 300-week moving average party, let's have some fun!" It then proceeded to crash through the ceiling at around $18,445 like a bullish Hulk. 💪
Why then? Well, the 20-week EMA and that pesky horizontal line from June 2022 decided to crash the party too. Did you manage to snag some Bitcoin between $16K-$17K? If so, give yourself a pat on the back! You've now got triple support in your corner, like a trio of bouncers. 💪💪💪
Fast forward to February 16, 2023, and Bitcoin decided to play a game of tag with the 200-week moving average at $25,250. But, like every good game of tag, it got tuckered out and took a breather down to around $19,700. That's when the 20-week EMA said, "Hey, I wanna play too!" and crossed above the 200-day moving average.
Now, here we are today (March 16, 2023), and Bitcoin has smashed through the 200-week moving average like it's made of candy, sitting pretty at $25,352. Just a few days ago, it reached $26,534 only to pull a "LOL JK" and find support at $24,150 (you know, those July-August 2022 highs).
So, what's next on this rollercoaster ride? I'm bullish as a bitcoin-loving bull 🐂 as long as we stay above $25,350. If we close the week below that, you can call me a bear 🐻 all the way down to 20K and below. Could we see wicks below 13K on the lower BB? Maybe, but at this point, I doubt it.
To sum it up, grab your popcorn and enjoy the ride, because this is one entertaining Bitcoin story! 🍿😄
