mockingbird12

Bitcoin midterm projection.

BITMEX:XBTUSD.P   Bitcoin
While all the moon-boys wait for the halving to make them rich and buy lambos, the smart money is already planing how hard it will make that short. I still think that to bottom out bitcoin needs to check it's latest EMA - EMA100 monthly. We haven't seen the price hit there yet, and it will shake out any weak hand of the market as EMA100 is lower than MA200 weekly being their will disappoint any investor or beliver that bitcoin will hold. The pattern of the bull flag is still valid till we have the price above 2500 level. The pattern is invalid in case we have a retest of EMA21 weekly and continue bullish move.

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