I could see something like this play out.
Moving averages are the 50 week and 200 week but put on the daily chart (350 bars and 1400 bars)
Daily Chart Coinbase:
Weekly Chart Coinbase:
Bitstamp Weekly Log Chart:
Bitstamp Daily Log Chart:
Let me know your thoughts below!
What is your prediction?
Moving averages are the 50 week and 200 week but put on the daily chart (350 bars and 1400 bars)
Daily Chart Coinbase:
Weekly Chart Coinbase:
Bitstamp Weekly Log Chart:
Bitstamp Daily Log Chart:
Let me know your thoughts below!
What is your prediction?
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There is also a possibility of a capitulation candle. It will scary all of the normies, talk about bitcoin is dying will start up, and there will be a large supply of bitcoin (everybody trying to sell). If this happens, it is the perfect time for big players, smart money, to come in buy up the supply at discount and get in the positions. Bitcoin can be manipulated. I still believe long term is very bullish. I can see by mid to late 2021 price could be between 50k - 250k
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