Highlighted boxes indicate similar accumulation before it broke out to make higher highs.
In April 2019, BTC consolidated for over a month accompanied by bullish moving average reversal.
August 2020, We have bullish reversal of MA, a bounce of long term MA, long term and short term wedge breakout.
120EMA is a strong dynamic support for BTCUSD even before the bull run in 2017. Strong rejection of 120ema is a good sign.
Entry : $11,200
50% TP1 : $13,700
SL (Mental) : $10,450
R/R - 3.5 :1
In April 2019, BTC consolidated for over a month accompanied by bullish moving average reversal.
August 2020, We have bullish reversal of MA, a bounce of long term MA, long term and short term wedge breakout.
120EMA is a strong dynamic support for BTCUSD even before the bull run in 2017. Strong rejection of 120ema is a good sign.
Entry : $11,200
50% TP1 : $13,700
SL (Mental) : $10,450
R/R - 3.5 :1