Restore BITCOIN 1D MA100 Key to $30,000 as of 2019 for BITSTAMP: BTCUSD By TradingShot – Technische Analyze – 2022-08-31 05:21:44

Trading setup is on Bitcoin ( BTCUSD ) as the June 18 low looks a lot like the price action that followed December 15, 2018 down that bear cycle. There is no need to over-analyze this as a simple comparison of the two planners for 2022 and 2019 will suffice.

As you can see in 2019 when the price broke below the 1D MA50 (blue trend line), it entered the final phase of build-up in a down channel before the first rally of the new bull cycle. The pullback was above 0.786 Fibonacci retracement level. When the price broke above the 1D MA50 but more clearly above the 1D MA100 (green trend line), there was a large build-up of buying which in just over a month also broke above the 1D MA200 (orange trend line) to reach 2.0 Fibonacci extension . This is Fibonacci in today’s setting around 32700. 1D MACD The patterns are very similar so far. Again rising interrupt MACD It could confirm the bias for a break above the 1D MA50 initially.

Do you think that as long as Fibonacci 0.786 holds and 1D MA100 is broken, BTC Can it reach 32700? Feel free to share your work and let me know in the comments section below!

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