This is the antithesis of my June 2020 update regarding BTC on the weekly. We are currently in Weekly 1DOWN mode per my 1DOWN formula. This means all trades are settled in USD and long-term bias remains to the downside below 45k. We also have the potential for a weekly upturn on our bottom indicator. In order to enter weekly 1UP mode we will have to stay above 45k for several weeks. Even 1 or 2 weeks below this level likely results in further immediate downside. That being said, on the main 4 hour formula, we are bullish above the 10 daily moving average, currently 41.5k. My Ideal entry would be a nice accumulation at 41.5 (or above) on an incoming 4h uptrend. Happy hunting and good luck. Trade safe. What price will you buy bitcoin? Please leave a thumb if you're not a bum. This not financial advice.
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Got the weekly 1UP cross and will likely be confirmed on next weekly close. Bullish scenario being confirmed
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We had a perfect re-test of our weekly levels and now back into 4H 1UP zone. Looking likely for a big run up in the upcoming weeks/months!! Full on buy the dip mode for me!!!
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GO BTC!!!
