π This time it's different! π
Not anymore, I will break it down for you with one simple indicator! 55 Period SMA in monthly.
πΉ Bitcoin broke below the legendary support trendline and the 55 SMA on the monthly chart.
πΉ 3 consecutive monthly candles closed below the SMA in the months of October, November, and Dec 2022, which eventually made Analysts more bearish, predicting a lower bottom.
πΉ But guess what? Bitcoin bounced back! π
πΉ It's now above the trendline support and the 55 SMA on the monthly chart.
π Check out the chartβit's shouting 'HOLD ME!' πͺ
πΉ "The monthly candle is set to close in 2 hours, and it's likely to close above this Moving Average. This confirms that a bullish rally is on the horizon.
πΉ Current SMA level: $24,900, our recent bottom.
Does it look different? I would love to know your thoughts!
DYOR, NFA.
Hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
Not anymore, I will break it down for you with one simple indicator! 55 Period SMA in monthly.
πΉ Bitcoin broke below the legendary support trendline and the 55 SMA on the monthly chart.
πΉ 3 consecutive monthly candles closed below the SMA in the months of October, November, and Dec 2022, which eventually made Analysts more bearish, predicting a lower bottom.
πΉ But guess what? Bitcoin bounced back! π
πΉ It's now above the trendline support and the 55 SMA on the monthly chart.
π Check out the chartβit's shouting 'HOLD ME!' πͺ
πΉ "The monthly candle is set to close in 2 hours, and it's likely to close above this Moving Average. This confirms that a bullish rally is on the horizon.
πΉ Current SMA level: $24,900, our recent bottom.
Does it look different? I would love to know your thoughts!
DYOR, NFA.
Hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
Free Telegram Daily Futures signals:- telegram.me/thecryptorphic
Join My ELITE CLUB:- bit.ly/Join_elite
Join My ELITE CLUB:- bit.ly/Join_elite