i only offer you two lines. 50 and 200 ema on daily time frame.
I'm leaning bearish with a take profit on short positions at 5.4k which coincides with 1 week and 1 month 50 EMA support
In this picture I'm showing the 2014 bubble and how it retraced to the gray area of the Fibonacci Retrace indicator. Go and look at any bubble from any point in time and they behave the exact same way. What this means is that Bitcoin has a lot further to fall, potentially even to ~$1.5k. Personally my bet is around $2.5k but only time will tell.
I've attached...
Bitcoin is refusing to stay under the 20 MA. Once again, it dipped and bounced back with conviction. This is a parabolic trend if we continue it, but knowing Bitcoin 3.51% it's entirely possible. Long until we break the 20 MA.
Take a look at how the recent FUD has affected Bitcoin price. A few months ago it would have been the nail in the coffin for any optimism,...
BTC is refusing to stay under the 20 MA. Once again, it dipped and bounced back with conviction. This is a parabolic trend if we continue it, but knowing Bitcoin it's entirely possible. Long until we break the 20 MA.
Also, side note, none of the FUD recently has been able to significantly shake Bitcoin, I believe this is another indicator of the kind of bullish...
