In the last years, BTC touched the 200 SMA on weekly charts three times. During the COVID crash, it also plunged to the 300 SMA. Will history repeat this time? 300 SMA on weekly sitting on 16K or more -23% to go...to hell and back together let's see what happens in the next hours or days. RSI is extremely oversold, even more than Hash Wars 2019 crash. The bottom might be near, but BTC pegged to Nasdaq in an awful moment, making it unpredictable.
Trade ativo
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BTC reached 17.5k and not 16.5k as predicted. Is 16.5k happening on Friday the 24th with June option expiration? Last week candle did not look a capitulation one, had no extreme reaction on support as it usually does. Keep watching.
Trade fechado: objetivo atingido
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BTC almost reached target and still hovering around USD 20k. Certainly the bear market is here and it will last for some time.