A crypto strategist that the collision of Bitcoin called $ 80,000 accurately believes that the long-term intake of BTC remains intact if it remains above a main price surface.
In a new strategy session, pseudonym cheds tells his 49,800 YouTube subscribers that Bitcoin seems to have been broken from a W-pattern on the four-hour graph.
AW pattern is usually seen as a bullish reversing structure, because it suggests that an active has printed a price floor after bouncing an important level of support twice.
“We had a break of the W and then a throwback, a throwback is a bullish retest from above. This looks pretty conducive, and this kind of price action tells me:” Okay, we can walk $ 72,000 in the front. “
Giving a little trust was a shift in stock markets, and the idea that the price on the Ma (Moving Average) was 50, and that is support. “
Cheds also says that Bitcoin will probably see higher prices as long as the immediate support level has between $ 78,500 and $ 81,000.
“Return $ 81,000 back and we are back in the business world … More than $ 81,000, we are back with the idea of regaining that low time spivot that matches the high time frame at the MA50, and with the idea that the bulls are going to recover the trend, what the rising MA200 is.”
At the time of writing, Bitcoin acts at $ 85.301.
https://www.youtube.com/watch?v=OXDFPPLQ6QS
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