This is a continued post from The Desperate Push to 26k, the avoidance of the weekly death cross.
Please review previous post before reading and boost/share for visibility.
Simplifying the outlook, these are the only two things I am currently looking at. The Daily and Weekly, golden cross vs death cross. I'll take the shorter timeframe in this bout, so a golden cross on the daily to turn the death cross on the weekly around. To do this Bitcoin will have to move up from this range shortly to the 26k-30k range.
The last 5 golden crosses on the daily have resulted in: 21,Sep,2021: 46k>68.5k 16,May,2020: 10k>64k 17,Feb,2020: 10k>market bottom 21,April,2019: 5.5k>13.7k 28,Oct,2015:$300>20k
This is not financial advice. Please take this as an analysis only and trade on your own terms.
Note
It's started
Note
A break of 25k would result in 28-30k next. Lots of air above this resistance level.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.