this bubble is too similar of the last long bubble of 2013.
if we break the current support at 6k
it is very possible meet a support in 4500 zone
weekly view
2013 bubble
when we open and close below the EMA50 (white) we found a resistant at EMA50 and we found a support and the bottom with EMA 200.
after we break up EMA50, that's the moment when the currently cycle began.
2018
after we break down EMA50 and open and close below it, we probably retest the EMA50 and find a resistant if the bubble is like 2013 bubble
and find a support and bottom at EMA200 around 4500 zone
if we measure the cycle from the bottom the last cycle to the top of this cycle, we found a confluence between 0.786 and EMA200 in 4500 zone like the bottom
good vibes for all.
if we break the current support at 6k
it is very possible meet a support in 4500 zone
weekly view
2013 bubble
when we open and close below the EMA50 (white) we found a resistant at EMA50 and we found a support and the bottom with EMA 200.
after we break up EMA50, that's the moment when the currently cycle began.
2018
after we break down EMA50 and open and close below it, we probably retest the EMA50 and find a resistant if the bubble is like 2013 bubble
and find a support and bottom at EMA200 around 4500 zone
if we measure the cycle from the bottom the last cycle to the top of this cycle, we found a confluence between 0.786 and EMA200 in 4500 zone like the bottom
good vibes for all.