Hi everyone,
Thank you for considering reading my idea.
Before reading this idea, I recommend that you read my previous idea linked below.
We said on our previous idea that we need to close above the 50-week Moving Average (see idea below why). We closed the daily candle at $43,097.6 and the 50-week Moving Average is at $48,184.28. In order to close above that, Bitcoin needs to go up at an average of $1,695.56 per day in 3 days (72 hours) before we close the weekly candle.
One great scenario is IF we pump up to $50,900 because this could be an inverted head and shoulders scenario. In order to go to $50.9K in 3 days, Bitcoin would need to pump $2,600.8 per day for 3 days.
Obviously, Bitcoin would not do this because I told you so. This is just one of many scenarios but still consider what would happen if we close below the 50 week Moving Average.
Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
Before reading this idea, I recommend that you read my previous idea linked below.
We said on our previous idea that we need to close above the 50-week Moving Average (see idea below why). We closed the daily candle at $43,097.6 and the 50-week Moving Average is at $48,184.28. In order to close above that, Bitcoin needs to go up at an average of $1,695.56 per day in 3 days (72 hours) before we close the weekly candle.
One great scenario is IF we pump up to $50,900 because this could be an inverted head and shoulders scenario. In order to go to $50.9K in 3 days, Bitcoin would need to pump $2,600.8 per day for 3 days.
Obviously, Bitcoin would not do this because I told you so. This is just one of many scenarios but still consider what would happen if we close below the 50 week Moving Average.
Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
