#BTC
"Any relief would see the 50-Month EMA (purple) turn into new resistance"
This has now happened
The necessary technical milestone has been achieved
Which technically indicates that the majority of the anticipated move has already happened
$BTC #Crypto#Bitcoin
I think we are headed to .27-.30 which is our mid term range highs.
The path we take to get there though, on even lower LTF, is clearly quite volatile and choppy.
For most, you can ignore these lower timeframes and focus on the mid term or HTF idea.
If actively trading (or just trying to better understand LTF pirce movements), you can learn a lot by examining the lower timeframes within this range (which is what I have been sharing over the last few days).
$CRV
#BTC
On the Daily timeframe, Bitcoin has been able to maintain itself above the blue level, downside wicking into it as if treating it as new support
More, Bitcoin has also been able to Daily Close above the black resistance as well, keeping it as support yesterday and also today
If this respecting of old resistances as new supports continue into the new week, Bitcoin will be able to produce a Weekly Candle Close that would position price for a breakout from the blue-blue range
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Trump: "So I put on a 30% tariff, which is very low. I got an emergency call from I believe the prime minister of Switzerland. She was very aggressive ... I didn't really like the way she talked to us, so instead of giving her a reduction, I raised it to 39%."
We lost the green zone from my last tweet- then backtested it as resistance, and now we've reached my next area of interest.
Swept the built up LTF lows on our left, and are bracketing in this small range here at the lows.
Looking for something like the blue squiggle to suggest we may be ready to head back up and to our larger supply zone in RED (that we failed to reach on the last rally).
$BTC
#BTC
While Bitcoin continues to try to figure itself out at ~$114.2k...
The green 21-week EMA keeps climbing, getting closer & closer to price
Generally, price needs to maintain itself above this EMA going forward to position for a reclaim of ~$114k
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Bitcoin & The Pi Cycle Top Indicator - An Important Update
If you enjoyed this 1-minute summary on #BTC
Checkout the full video here:
https://t.co/h7VYkSMy5a
Enjoy and Subscribe!
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