Whats Next for Bitcoin?
An intense week for bitcoin with price looking to close above $9000. In my last post, I had stated that we should be looking for a buy order above the 30-day VWMA. There was an aggressive move at $8400 to break through the 30-day VWMA. With this strong move at the start of the weekend, we will be heading into next week with bullish momentum. $9000 is the new price which bitcoin needs to hold, and this will set us up for a move towards $10000.
Conclusion: Both the 14-day and 28-day VWAPs are aligned at $8600, which is an excellent value area to buy if price pulls back. The road to 10k is going to be volatile as we will be at midway point from 20K. Continue to wait for a pullback to re-enter and be warned there will be a sharp pullback at 10k.
REMEMBER: You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
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Plus, check out the blog, remember to like this post and follow me on Tradingview
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
Conclusion: Both the 14-day and 28-day VWAPs are aligned at $8600, which is an excellent value area to buy if price pulls back. The road to 10k is going to be volatile as we will be at midway point from 20K. Continue to wait for a pullback to re-enter and be warned there will be a sharp pullback at 10k.
REMEMBER: You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
LITTLE BIG MOVEMENT BLOG
Plus, check out the blog, remember to like this post and follow me on Tradingview
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
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