BTC Parallel Channel
Bitcoin has just found a little bit of support on the heart-line and also the Daily blue 377 EMA, 2D 200 EMA and the Weekly 50EMA.
In the past, the 377 EMA on Daily has been a very good buying opportunity at least on the first test, and maybe it will be the same here now.
There is also a Fib where the 0.618 might offer a buying opportunity in the near future coming in around $7300, but maybe the test down yesterday was in fact just that.
This heart-line has been respected quite well in this consolidation, and I am sort of expecting it to do a similar thing now.
For the most part, I am taking this price at $8000 to be a great buying opportunity for the long term. But if BTC goes below $7400 then I won't be so sure, as it would confirm a consecutive lower low on the Monthly time-frame.
I am hoping all you CME GAP boys are happy getting your orders filled xD
In the past, the 377 EMA on Daily has been a very good buying opportunity at least on the first test, and maybe it will be the same here now.
There is also a Fib where the 0.618 might offer a buying opportunity in the near future coming in around $7300, but maybe the test down yesterday was in fact just that.
This heart-line has been respected quite well in this consolidation, and I am sort of expecting it to do a similar thing now.
For the most part, I am taking this price at $8000 to be a great buying opportunity for the long term. But if BTC goes below $7400 then I won't be so sure, as it would confirm a consecutive lower low on the Monthly time-frame.
I am hoping all you CME GAP boys are happy getting your orders filled xD
Feragatname
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