BTC weekly

12 de jan. de 2020

the 20MA (weekly) was proofed as resistance, fits also with the 0.5 weekly fib. when we broke the 20 weekly ma to the downside in january 2018 we stayed below it for a long period of time. how will this play out this year ? the 100 ma works as support now (fits with the golden pocket zone 0.618fib). but it also can be seen that the 100 ma tries to flat, hopefully doesn't wind up while the 20 ma is falling. if the 20 ma crosses the 100 ma we will have alot of surprising volatility. in november 2018 the huge drop happened 28 days before the 100ma crossed the 20ma. still to early to say how this will figure out the next weeks. so neutral for now. honestly i expected a huger drop in price the last days but didn't happen.