Cryptolover333

Bitcoin is near the buying area

COINBASE:BTCUSD   Bitcoin
Bitcoin is finding support in a very strong blue line and a falling wedge also, we broke down the ascending channel posted in my previous idea and we could still be forming this falling wedge till we hit at least the 200 W MA, we normally find support there and BTC had been only been below that line a few times in history, but going above the line and recovered very fast after, there is only 2 Weekly MA lines below that line that had been hit before, that is the 250 W MA (had been hit 2 times only in history) and the 285 W MA (had been hit only 1 time in the full history of bitcoin, are we going to complete this falling wedge till we hit one or more of this W MA lines? to start our next bull run after? I will be buying as much as I can around the 200 W MA and hold from there, it never had gone wrong in the full history of bitcoin so good luck everyone!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.