Bitcoin - Is a 20-24k in the cards? A look at the 200 week ma & a logarithmic perspective.
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Bitcoin - Is a 20-24k in the cards? A look at the 200 week ma & a logarithmic perspective.
Timestamps provided in this video for your convenience.
In this video:
* Where must we close today/tomorrow? (0:00-3:30)
* Why additional variables outside of technical analysis only mess with good technical analysis (3:30-4:30)
* Is this really a valid H&S pattern? (4:30-6:30)
* What I need to see for further confirmation down (6:30-11:30)
* A look at the weekly chart - M pattern spotted (11:30-13:25)
* A logarithmic view (13:25-17:00)
* 200 week moving average (17:00-End)
All the chatter and other technical people on social media are laying out the same scenario you are and the fear index is high, I feel based on people’s emotions its going to be a sell off to 20k area.
I’m personally setting tight stop losses in case it does flip to the upside. Is this going to be Ethereum’s chance to flip Bitcoin? I’m not a bitcoin fan, so I hope so!
I’m definitely taking this opportunity to buy on the floor and take the short ride up, I would like to watch for some pumps.