The King of the assets this day - the bitcoin is going to the moon.
Technical analysis :
1. We can we the bitcoin is trending outside the descending triangle after a very long time - bullish sign #1
2. The bitcoin had resistance in the 10K $ and now this resistance reversed into support - bullish sign #2
3. The moving averages are showing the long position (EMA 9 above EMA 21 above EMA 55 above SMA 200) - bullish sign #3
So what is going to happen now?!
We need to close above the 12.5k$ which will set another uptrend leg and if we broke the 12.5k we can see the 16k and maybe the 20k very fast.
if we will break above the 20k we can see the parabolic move again.... up to.. 10x? 20x? like the previous time..which means 20k times 10 = 200k, 20k times 20 = 400k
On the other hand, if we will close below the 10k we can see ascending for a while...
The fundamental analysis will be uploaded if I will see some likes/:
Thanks everybody.
Technical analysis :
1. We can we the bitcoin is trending outside the descending triangle after a very long time - bullish sign #1
2. The bitcoin had resistance in the 10K $ and now this resistance reversed into support - bullish sign #2
3. The moving averages are showing the long position (EMA 9 above EMA 21 above EMA 55 above SMA 200) - bullish sign #3
So what is going to happen now?!
We need to close above the 12.5k$ which will set another uptrend leg and if we broke the 12.5k we can see the 16k and maybe the 20k very fast.
if we will break above the 20k we can see the parabolic move again.... up to.. 10x? 20x? like the previous time..which means 20k times 10 = 200k, 20k times 20 = 400k
On the other hand, if we will close below the 10k we can see ascending for a while...
The fundamental analysis will be uploaded if I will see some likes/:
Thanks everybody.