lost of similarities with the previous correction, Hopefully the fractal repeats in similar way, and 40L is the low of this movement
the 200MA weekly is been the bid support of bitcoin in his history. we have death cross in the daily and some of them been a false death cross , with the prce trending higher after, and some of them been proper death cross bringing the price to the 200MA daily. red arrow are the proper death cross with green ones are false death crass, where price when higher...
we have support on the weekly rsi and if we hold it and break the yellow resistance in the rsi, I think we will go and do a double top on the rsi around the 90, timing is difficult to guess , so i prefer to stick to rsi levels,
trying to simply things in the weekly, retest of the broken residence as support and 50 ma weekly
if we break the weekly price resitence and the weekly rsi residence, a good movement is coming. apart of saving we hold the bull support band 21ema weekly and 20 ma weekly.
this is a continuation idea , big moves on bitcoin happen when we cross the 21 ema over the 20 ma weekly,And the rsi is above the 52.
cross of the 21 ema above trhe 20 ma , and been above of 50 rsi then to start a good move of bitcoin
posible temp double bottom support by the 100 Ma daily support by the 20MA weekly
could be this possible, only visible in logarithmic It will be a big bull flag hopefully breaking soon
target the top resistence channel if we manage to break.
py cycle top, break of the 200ma, death Cross , bounce of the 50MA and the gaussian channel., will we repeat the history and be rejected form the 200ma, or we will break the 200ma and hold it and resume the bull market.
RSI daily has bullish signs we are above 200MA we could close the day above the previous high making a new high we did a double bottom concern : if we will get to have a death cross or not.
quite a few things are similar to 2017, pycyle top 21 ema weekly was broken 200MA daily was broken what should come next -50MA weekly will work as support -we will have a death cross -price will bounce to the 200MA and fall from there, other things to support the 50MA weekly the middle line of the gaussian channel in the 5D a support in the weekly rsi other...
i was comparing this move to the BTC ETH move after bitcoin pi cycle in 2017. after that bitcoin fell and eth grow, we grow the same percent after the previous ETH ATH if history is repeating we will test 2500 eth support.returning to the previous ATH
target of 200MA daily around 38.000 could be posible
i see similiraties with 2017 2018 where we both times had a pycycle top , with this I don't want to mean we are in the top of the market but I think we will grow to 3000k-3500k from eth and correct with btc goes to 21 ema weekly,
if the 50MA and 21 ma daily doesn't hold, we will move to the weekly support where the 21 weekly MA and the 100MA daily will help the support tool.