BTC 1w logscale 20ma
Actualizado
BTC weekly has now closed under the 20ma after holding above it since late 2015.
It had broken the 20 moving average on some considerable volume after a weak bounce volume and price action wise off of it.
There is still a large momentum swing down on all indicators.
There is some prior consolidation on the three bars around 7600-6000 but I believe next step it will test the 50ma on the weekly with bounces here and there.
Stronger shorter term resistances I see are around 8450 and 9200.
I need to format the writing better but I am still getting around publishing ideas, I am used to taking screenshots and saving them with mental notes (hence my over use of arrows)
It had broken the 20 moving average on some considerable volume after a weak bounce volume and price action wise off of it.
There is still a large momentum swing down on all indicators.
There is some prior consolidation on the three bars around 7600-6000 but I believe next step it will test the 50ma on the weekly with bounces here and there.
Stronger shorter term resistances I see are around 8450 and 9200.
I need to format the writing better but I am still getting around publishing ideas, I am used to taking screenshots and saving them with mental notes (hence my over use of arrows)
Nota
This is pretty unrealistic and wild target but I reckon around $3000-$2400 come this December time is possible with this movement
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