moaz2

moaz2

Its so wrong to draw a single trend line on this chart. The trend is morphing .

moaz2

Bitcoin might reach 4300 area before retesting the 200 weekly MA , RSI has a tendency to pass 38 area, If so, RSI wont have the power to cross 42 and will fall off.

moaz2

A symmetric triangle has been forming on daily chart, soon to be broken. I incline on down

moaz2

A simplified chart is worth a million. A cross of 5 Ema on 30MA on the weekly chart has marked the initiation of BULL and BEAR market since 2012 ( look at the vertical lines). Still 6-10 months away from the same cross I believe. 30 MA is still far from 200 MA and must approach gradually. Accumulation will happen in 2 months.

moaz2

Weekly RSI is moving a bit up, the price might go up, up to 4800, then going down for another 3200 test. We have not seen a break of 200 weekly moving average yet (can be accompanied with capitulation). RSI is repeating the last bulrun patteren.

moaz2

DOnt want to see btc fall into the lower triangle for a long time, a quick breach can be handled but falling and remaining there for more than three weeks might put the bull at stake for a longer wait.

moaz2

3200 is blinking

moaz2

It should cross 200 MA once and touch it at least twice I believe before convincing people to get ready for a rise

moaz2

These two trend lines, Red and green, are very critical at this point. I have a close eye on them, whichever price choosees to go with, I go with

moaz2

Let it reset all