Hi everyone,
Thank you for considering reading my idea.
TLDR:
- GOAL: Bounce off the 20 week moving average currently at $19.1K (may increase over the next few weeks). This will also form a higher low.
- INVALIDATION: Break below 20 week moving average.
4 weeks ago, Bitcoin has finally broken above the 20 week moving average for a year. Bitcoin has also formed a higher high since we broke the previous high of $21.2K.
Bitcoin has reached the $24.6K resistance where we last saw back on August of 2022. To have a more bullish structure, Bitcoin has to bounce off the 20 week moving average that is currently at $19.1K and will likely increase over the next few weeks.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR.
Cheers,
Juvar
Thank you for considering reading my idea.
TLDR:
- GOAL: Bounce off the 20 week moving average currently at $19.1K (may increase over the next few weeks). This will also form a higher low.
- INVALIDATION: Break below 20 week moving average.
4 weeks ago, Bitcoin has finally broken above the 20 week moving average for a year. Bitcoin has also formed a higher high since we broke the previous high of $21.2K.
Bitcoin has reached the $24.6K resistance where we last saw back on August of 2022. To have a more bullish structure, Bitcoin has to bounce off the 20 week moving average that is currently at $19.1K and will likely increase over the next few weeks.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR.
Cheers,
Juvar