I finished this idea some days ago but never posted bc it felt like a self fufilling prophecy... but here we go...
A hard bounce from $3k-$2500 could launch BTC right into a Snipers trap in the form of a 50/100 week MA death cross (Red/Yellow) near the $5k levels leading to a plunge and capitulation to potentially bottom out at sub $2k levels as BTC finds support on the 400 week MA in green which is the same as 100 month MA. I have $1675 as mt sweet spot but we could go as low as $1350
BTC has historically crashed to find support just above a newly emerging MA. First it was the orange 84 week/21 month MA in 2012. Then the blue 200 week/50 month MA in 2015... Now, will it be the green 400 week/100 month MA in 2018/19?
https://pbs.twimg.com/media/DtrCOq-W4AAc2wK.jpghttps://pbs.twimg.com/media/DtrDkMfXcAAeXpp.jpg
A hard bounce from $3k-$2500 could launch BTC right into a Snipers trap in the form of a 50/100 week MA death cross (Red/Yellow) near the $5k levels leading to a plunge and capitulation to potentially bottom out at sub $2k levels as BTC finds support on the 400 week MA in green which is the same as 100 month MA. I have $1675 as mt sweet spot but we could go as low as $1350
BTC has historically crashed to find support just above a newly emerging MA. First it was the orange 84 week/21 month MA in 2012. Then the blue 200 week/50 month MA in 2015... Now, will it be the green 400 week/100 month MA in 2018/19?
https://pbs.twimg.com/media/DtrCOq-W4AAc2wK.jpghttps://pbs.twimg.com/media/DtrDkMfXcAAeXpp.jpg
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pbs.twimg.com/media/DtrDkMfXcAAeXpp.jpg
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