BTC - 200 Daily EMA Target $8,200
Quick look at BTC through a Bullish lens.
- 200 EMA and the Bitcoin Logarithmic Growth Curve are now in target.
- End of (rising) wedge
- Fear leaving the markets as more data is available on C19
- RSI has room to reach target of $8,200 - a few calls for 10k in one day would be dramatic
- If held it would mean a breakout of this localised downtrend
There are a lot of negative signals for me - I still have to note the rising wedge + the logic of a Hyperwave should relate to both up and downtrends + BTC has failed to break the 0.5 for the last 3 years.
However, we may just look back in a few years at 100k and remember this strange time when we blipped down below the growth curve and laugh about it ;)
BTC currently shaping up for a push up on the 5 min chart - Let's see what the employment figures look like.
Best, Hard Forky
(Green line is log, blue non-log)
- 200 EMA and the Bitcoin Logarithmic Growth Curve are now in target.
- End of (rising) wedge
- Fear leaving the markets as more data is available on C19
- RSI has room to reach target of $8,200 - a few calls for 10k in one day would be dramatic
- If held it would mean a breakout of this localised downtrend
There are a lot of negative signals for me - I still have to note the rising wedge + the logic of a Hyperwave should relate to both up and downtrends + BTC has failed to break the 0.5 for the last 3 years.
However, we may just look back in a few years at 100k and remember this strange time when we blipped down below the growth curve and laugh about it ;)
BTC currently shaping up for a push up on the 5 min chart - Let's see what the employment figures look like.
Best, Hard Forky
(Green line is log, blue non-log)
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