Paul_Erasmus

Critical Juncture in BTC Trend

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC is at the following critical points:
1 @ Long Term (144) DEMA . A break below would not be a good signal.
2 @ Long Term Trend Base A break below would not be a good signal.
3 Long Term (144) Volume Average Levelling from rise - Indicative of Volatility Decline, Institutional HODL, Retail Trading, Awaiting News.
4 Long Term (144) RSI Peaks Declining, Troughs Level forming RSI Descending Triangle - Indicative with Break up Soon.

So a bit of a mix here however I feel the positives out way the negatives which would indicate that BTC is about to Bounce North off the base trend line and LT DEMA . If it does break South the next real level is @ $50,500 and then $45,000.
If it breaks North the next target is: $80,000 (Mid to end April)

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