BTC/USD DOUBLE BOTTON OR NEW LOWS ?
Updated
Hi all !
this is a weekly bitcoin chart using blx data :)
we are under 128ma and 50ma on weekly for now lets see how closes todays .... anyways deathcross on weekly is evident using this Moving averages i use for bitcoin , also i know about a " future golden cross" on 1day and other timeframes but listen..... first price is above .....and usually will be not easy....so like last time we also got a golden cross in the previous bear market and failed hard and we make the double botton then we got the 2nd golden cross and boom ... bull market started :)
so i expect this to dump very hard in 30-60 days...
OPTIMISTIC TARGET 3500-3100 AREA ( double botton )
2nd target 2782
3r target 1890-1710
Have fun !
this is a weekly bitcoin chart using blx data :)
we are under 128ma and 50ma on weekly for now lets see how closes todays .... anyways deathcross on weekly is evident using this Moving averages i use for bitcoin , also i know about a " future golden cross" on 1day and other timeframes but listen..... first price is above .....and usually will be not easy....so like last time we also got a golden cross in the previous bear market and failed hard and we make the double botton then we got the 2nd golden cross and boom ... bull market started :)
so i expect this to dump very hard in 30-60 days...
OPTIMISTIC TARGET 3500-3100 AREA ( double botton )
2nd target 2782
3r target 1890-1710
Have fun !
Note
changed my opinionNote
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