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BTC USD : Bullish abcd test

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In weekly chart

- Forming a falling wedge & failed to breakout its resistance
- 50ema act as a strong resistance
- 100ema act as a support line
- 100ma is below the falling wedge(5000)
- 200ema is far below the wedge(3800), but it is adjacent the long-term uptrend line.

There could be a panic sell when $5200 support line collapse with big red candle breaking down the 200ma.

BTC would fall down to the long-term upward trend line.
It could be supported by 200ema

*Don't take this seriously. :)

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Resistance by 10MA.
Technical rally could be occured upto $6200(Fib 0.5), I guess.
Keep watching.

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Some guy said that " "Investing is a transfer of wealth from the impatient to the patient".
That's it.

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50ema act as a resistance + 10ma support.
But don't lean on it. Market makers just go where they wanna go. what an unfair. zz

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Let's see if BTC goes upto 6280(Fib 0.618).
If so, it will be a good signal for more move up.
It could supported by 50 & 100ema over here.
If not, prepare for the 5K.

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