What do you think guys?
Last year where we experienced the Bear Market, BTC had a bottom in average $3,150 at as what we may see, it was a bounced from 200 Weekly MA
In our current scenario, is this the local bottom? Priced bounced at 100 Weekly MA and could be the start of BULL RUN until Halving 2020.
Let me know your thoughts! Thanks!
Could this be the time for the last gap in CME to be hit?
It could be possible since based on Moving Averages (20,50, 100, 200), is now becoming resistances and indicates a downtrend movement.
We will see for tomorrow as CME Market will open. Have a great sunday guys!
BTC is respecting both BREAKER BLOCKS and TRENDLINE support in lower and higher TIMEFRAME. We have seen bounce from its green support box. Also we can see there is an OVERBOUGHT in both 15M and 1HR Timeframe. Let's just wait for any BTC confirmation of its movement. Regarding MAs, it broke the one I used, 260MA in 1 HR Timeframe.
Let me know your thoughts guys! Thank you!
Seems like it formed out to be a Head and Shoulders Pattern and could possibly go down if it breaks its current price.
But also if you check it, it had a strong support at the green level. Always put STOP-LOSS if this scenario like this breaks which is out of our control. :)