BTC seems to be clearly headed for the 21 Week EMA which is what it did on 3 occasions in 2017 where it then bounced off and in renewed upside pulsed upwards by 240%, 178%, and 583%.
March 2017: 240%
July 2017: 178% (112 Days after previous touch)
September 2017: 583% (63 Days after previous touch)
The last time BTC has touched the 21 Week EMA was August 31, 2020, nearly 130 days ago. How high will BTC go once it touches the 21 Week EMA around $43.6k? We can use history as a rough guide which indicates BTC could rise anywhere to $122k and $300k before we next see another test of the 21 Week EMA.
Conclusion
Notice how strongly top alts like UNI, ETH, and LINK are performing - we are clearly heading into the first major phase transition into altseason. With UNI's V3 around the corner, to be launched May 5th, it would be wise to position accordingly.
March 2017: 240%
July 2017: 178% (112 Days after previous touch)
September 2017: 583% (63 Days after previous touch)
The last time BTC has touched the 21 Week EMA was August 31, 2020, nearly 130 days ago. How high will BTC go once it touches the 21 Week EMA around $43.6k? We can use history as a rough guide which indicates BTC could rise anywhere to $122k and $300k before we next see another test of the 21 Week EMA.
Conclusion
Notice how strongly top alts like UNI, ETH, and LINK are performing - we are clearly heading into the first major phase transition into altseason. With UNI's V3 around the corner, to be launched May 5th, it would be wise to position accordingly.
Note
And slight correction 230 Days*, not 130 days ago - typo since last time we touched 21 Week EMANote
This scenario above is still in play - however, this is also a very likely scenario if we don't selloff to the 21 Week EMA:
Note
And this gives you the BEST opportunity to buy the best in class alts such as UNI:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.