BTCUSD LONG ($237.5K by Feb'22)
On the weekly,
* BTCUSD has bounced off the 20W SMA (bullrun support line), and stayed above it.
* BTCUSD 21W EMA has crossed over the 20W SMA; this shows upwards momentum.
* BTCUSD has crossed the 8W SMA, and stayed above it; this shows strong upwards momentum.
On the monthly,
* RSI is currently at 71.35.
* If 1) BTCUSD monthly RSI trend grows at a constant rate, and 2) historical trend since 2013 persists, monthly RSI will peak before Jan'22, with BTCUSD peaking by Feb'22.
* If historical Fib levels persist, then BTCUSD will peak at around 237.5K by Feb'22.
* Corollary, alts may peak before 15 Mar'22. Dubious speculation: 11 Mar'22 to be precise.
* BTCUSD has bounced off the 20W SMA (bullrun support line), and stayed above it.
* BTCUSD 21W EMA has crossed over the 20W SMA; this shows upwards momentum.
* BTCUSD has crossed the 8W SMA, and stayed above it; this shows strong upwards momentum.
On the monthly,
* RSI is currently at 71.35.
* If 1) BTCUSD monthly RSI trend grows at a constant rate, and 2) historical trend since 2013 persists, monthly RSI will peak before Jan'22, with BTCUSD peaking by Feb'22.
* If historical Fib levels persist, then BTCUSD will peak at around 237.5K by Feb'22.
* Corollary, alts may peak before 15 Mar'22. Dubious speculation: 11 Mar'22 to be precise.
Nota
Did the liquidity grab that just happened confirm the mid-channel on the weekly? :)Nota
BTCUSDT will be colliding with the 8W SMA in two weeks' time. It may bounce of it, or it may dump. Nontheless, till then, alts will probably be growing healthily.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.