BTCUSD

Could 3000 dollar be the bottom?

- Retracement from main pivot results in Fib target around 3100 dollar
- 200 weekly MA also around 3100 dollar target
- previous resistance and support on 3000 dollar

Comment:

Additionally,
50 montly MA also upsloping and will probably touch around 3000 - 3100

Comment:

Both 50 montly and 200 weekly have not yet been crossed for btc since 2012

Trade closed: target reached:

Hit the 200MA exactly. I do expect it to make atleast dubble bottom or peak lower