I like to post here my longer term picture for weekly timeframe.
I am always trying to stay simple so here are 2 supports and resistances which I will monitor.
Anyway correction or not, both sides are into my long term regression channel and I am staying neutral.
I will also follow Weekly 21 MA / purple average ) during bull markets, as support to hold. It's also acting near median of this channel so it fits together with golden Fibo zone.
I consider this zone as the most probable correction point (13.5-14k) , however it could fall even to the bottom of the channel at 382 Fibo .
That's simple. Emvo.
*This is not a financial advice.
I am always trying to stay simple so here are 2 supports and resistances which I will monitor.
Anyway correction or not, both sides are into my long term regression channel and I am staying neutral.
I will also follow Weekly 21 MA / purple average ) during bull markets, as support to hold. It's also acting near median of this channel so it fits together with golden Fibo zone.
I consider this zone as the most probable correction point (13.5-14k) , however it could fall even to the bottom of the channel at 382 Fibo .
That's simple. Emvo.
*This is not a financial advice.
Comment:
If you look at green MA200, there is in my opinion maximum possible downside support copying the bottom edge of this channel in near future. *No advice.
Comment:
Everyone is waiting on ATH, especially monthly close above. Best scenario is new ATH at Bitcoin index .