Bitcoin has heavy price resistance at the 200 moving average on the daily chart. BTC needs to break this area to confirm bulls are here.
Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative/
https://medium.com/@hcburger1/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
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I have to disagree in a small detail with you
The resistance is not on the 200 ma but the 200 ema on the daily and the 128 ma on the 4 hour if it breaks it then the 50 ema on the daily will be a strong resistance on the way up (around 9250)
On the other hand if BTC breaks the 377 ma on the daily going south your prediction of 6,4k may become real (6,8 to 6,7k in my view) in confluence (the 377) with the 100 ma and 55 ema on the weekly all this around 7,750 ( have your stop losses close to that price mark)
Cheers
I'm bullish from here.
YES IT CAN ?
God bless everyone's
Press 3 if you think this whole recent trend has been nothing more than a "lull" for bitcoin. Some of the altcoins are doing their thing and then when that is all over and done with bitoin is going to take off again. It is a cycle.
1 bullish
2
Bull life
Sitting back right now, hoping we hit that Fib retracement to accumulate more! Thanks Dan!
2
I'm hoping the push up for BTC & LTC is here would be nice to see LTC above $70 again.
Bullish
keep up the great work CCV
Are you going to make anymore ltc videos?
1
Hey man, I’m a subscriber of yours and appreciate your videos. Is there any way of contacting you directly to ask your opinion on something? An email or something ?
Been watching and studying your channel since February like a bible. You are awesome brotha!
Hello how you doing ?
1
I dont believe the volume is there to push us through the 200, IDK. Hope I'm wrong.
Thanks for the shout out Dan?
Agree, need to close above the 200!! Then Im going Long ?
BTC<C ARMY!!! GOD BLESS DAN&SARAH!!!