Posts

Bitcoin price potentially going to move up or down

avatar of @cryptopoints
25
@cryptopoints
·
·
0 views
·
2 min read

This 20 weekly moving average some Members use the 20 weekly some members use the 21 weekly they are basically the same doesn't really matter but effectively we got a green candle here a green weekly close above this level that is bullish that is a good sign

We have confirmed that we're gonna get a bounce here but it is ofcourse a very very good thing what we saw back there was bitcoin not being able to close above this level and we're seeing the opposite here we got a red candle which was bearish just as this green candle now is bullish it was a bearish close you can see here that the more weekly closes
was bearish essentially what we want to see here is another weekly close in the green and then yet another green weekly close
We see that then hopefully we could see this happen where bitcoin gets a bounce off of the 20 weekly this week hopefully a week down on the weekly that closes back above if that weekly bar closes as a bull hammer then we are off to the races 17 19k by the end of this year now

This is the gap and you can see that we're getting very very close to the come gap this is actually exactly what i've been saying in my blog even i think that the most bullish scenario we can get here this is the gap down there is that we get a a big wick down close the gap and then we get a bounce back up again and close above the 20 moving average that would be the most bullish scenario that we can see at that point if we get back above and close above then i would be 100 convinced that we are going to see the next major league up above 13,000 to 14,000

Posted Using LeoFinance