ShapeShape1

BTC - Winter may already be finished

Long
ShapeShape1 Updated   
BITSTAMP:BTCUSD   Bitcoin
Hi, a year since no posting, I was just waiting for those 16k from my last idea

We may have now reached the lows (?)

I think its the first time I see 200 weekly MA broke (June), so there will be maybe several retests around 24k before being able to break it again in the other side. And maybe this is the sign we will see further lows

16k must hold

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Note that on the daily, 19k5 is also a strong resistance. Might take several months to reach the first target at 24k.
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From those 19k5 I would expect some retracement in the couple of days to 18k, for example, before anything else
kinda overbought
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*Woke up like this*
We can expect some retracement here to 19k5 :D
Have a nice weekend
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Target hit, we touched Weekly 200MA @ 25k 3 days ago and kinda really fast.
I'm still waiting for some retracement but we could see 31k as fast as this precedent move.

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