BTC - A lot going on in this chart

Тема в разделе "English", создана пользователем Trading Ideas, 24 сен 2020.

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    BTC - A lot going on in this chart
    Bitcoin / U.S. dollar BITSTAMP:BTCUSD
    BitcoinBearSlayer
    lHSENPFD_mid.png
    There is a lot going on in this daily chart . The price has bounced off the 140 day moving average (20 week MA) as well as put in a green engulfing bullish candle. If this is a 5 Wave move North wave 2 came down perfectly to bounce off the 78.6 Fib which is very common for wave 2. If all of this is indicating a bullish move the price could easily meet or exceed $14K before all 5 waves are complete. If we get one or more daily closes below the orange moving average then all of this is invalidated as it throws cold water on everything I just discussed. Good luck!

    Still long :0)

    BBS Out.
     
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