Cousin_Fat_Fat

Bitcoin's Journey to $20,000

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT

Bitcoin to complete the arc and surf down the forks to $20K.

The last 4 BTC bottoms have all tapped the 200 week SMA.

Both median lines cross on July 21st in the 19-20k range. (2017 cycle top)

The intersection of two median lines is known as an "energy point".

Energy points attract price like a magnet.

The confluence of the 2017 cycle top with the 200w MA and intersecting median lines point to a potential bottom in BTC taking place in mid-July around this price level.

Let's see what happens.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.