The BTCUSDT Daily Chart Look Back
Things to Note
EMA 200 Close line - The Upcycle to Previous High's Lasted For 111 days above that line with a 100% price increase
Then it Fell Below EMA 200 Line Price -38% and lasted approximately 60days below the EMA 200 Close levels
Currently it has Approached that line again after being high 30 percent abvoe that line for about approximately 60 days
if the wave continues to form another trend below EMA 200 close it compared to previous high and low this high and low was small the line currently forms at roughly 42000
what can u expect the average fall according to this trend i think is -12% expected and from this down trend should be over about in 30 days or less lets say 20 days from today
and expected price above the may form to be in ranges of 60 000 if not more in comming two months and hopefully this high trend will continue longer
nothing in crypto world is certain
idea is based on my understanding i do see prices reaching above previous high's again but this idea was worth sharing i think given that it has reached this level after many days
Things to Note
EMA 200 Close line - The Upcycle to Previous High's Lasted For 111 days above that line with a 100% price increase
Then it Fell Below EMA 200 Line Price -38% and lasted approximately 60days below the EMA 200 Close levels
Currently it has Approached that line again after being high 30 percent abvoe that line for about approximately 60 days
if the wave continues to form another trend below EMA 200 close it compared to previous high and low this high and low was small the line currently forms at roughly 42000
what can u expect the average fall according to this trend i think is -12% expected and from this down trend should be over about in 30 days or less lets say 20 days from today
and expected price above the may form to be in ranges of 60 000 if not more in comming two months and hopefully this high trend will continue longer
nothing in crypto world is certain
idea is based on my understanding i do see prices reaching above previous high's again but this idea was worth sharing i think given that it has reached this level after many days