If Bitcoin drops on this weekly candle, I’ll eat shit.
If Bitcoin drops on this weekly candle, I’ll eat shit.
If Bitcoin drops on this weekly candle, I’ll eat shit.
Now that Bitcoin’s weekly candle has closed, the weekly MA10 has also moved up to provide support.
The weekly MA10 support is basically right around the 81,500 level I mentioned before.
U.S. stock futures have also bounced back this morning.
It really is about to go up.
And the weekly MA23 is starting to curl upward.
It’s been ranging here for so long.
The previous bearish divergence on the daily chart wasn’t that severe anyway.
After ranging for so long,
using sideways movement instead of dropping should have run its course by now.
Looking at the weekly chart, Bitcoin is stronger now than it was two weeks ago.
It couldn’t drop any further over the past two weeks.
So in this even stronger new week, it should have even less chance of dropping.
Ethereum is the same. Its daily chart has basically completely worked off the divergence.
Ethereum pulled back directly to the Fibonacci 0.618 level.
Bitcoin has been consolidating around 81,500, near the Fibonacci 0.718 level.
A new rally is about to begin.
After being cooped up for so long, it’s going to make a big move.
If Bitcoin drops on this weekly candle, I’ll eat shit.
If Bitcoin drops on this weekly candle, I’ll eat shit.
If Bitcoin drops on this weekly candle, I’ll eat shit.$BTC