This is a BLX chart. Since 2014 every measure moved has predicted bitcoin bottom, with the weekly 200 ema, currently at 22431ish being the general bottom. Green squares are the measure wave impulses. Red squares are the duplicates of the green. Bitcoin wicked down past the 200 ema 3 times. Two times at -14%, and the covid wick at -29%. Prices are marked in the chart.
Considering traditional markets, cpi inflation, fed rates, and how close bitcoin is to the 200, I couldn't imagine bitcoin going on a bullish run without tapping the 200....
Considering traditional markets, cpi inflation, fed rates, and how close bitcoin is to the 200, I couldn't imagine bitcoin going on a bullish run without tapping the 200....
Note
Second, the previous top.
Third, -14% under the 200 ema are all lining up on $19,176.
Note
Bottom target nearly hit, yesterday. Hit the play botton.
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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.