Keep it simple

Updated
Hello Traders,

- monthly close is a strong resistance
- 21 week ema was not touched this bull cycle
- 200 day ma huge support
- triangle (bottom) from years = huge support
- triangle (top) from last ath = huge ressistance

I think the next months, bitcoin will jump a little in these range.
Great trading opportunities for short and mid term!

Long term, i´am really bullish in bitcoin!

Wish you all good luck.
Tell me, what do you think about the next 6 months.
Note
Strong support action at 9,500 USD in the last weeks.
If it will break, we could retest 8,700 USD.

At this moment 10,000 USD is a big support too.
If it will hold, we never see 4-digit values in my opinion.
Note
40% drop reached!
21 week ema touched!

Let´s see how this week will end :)
Note
Yesterday was another test of blue (dotted) resistance line
I think next time, we will surpass!
( could take at least 2-3 weeks, but maybe even 2-3 months )
Note
Touch on the downside, acted as support until now.
Nice potential local bottom.

Everyone is fearful, iám starting to get greedy!
Note
Near at top triangle resistance.
Let's wait and see if bitcoin gets rejected, or will move straight up!
Note
Price is currently under multi year trendline (blue dotted).
Big trouble or fakeout und best time to buy...

We will know in a few weeks from now!
Trend Analysis

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