*Not financial advise Hi all this I my first idea I have published so do follow and give me a thumbs up if you enjoy my post!
I believe that BTC will bounce off of the 20 MA on the weekly chart due to how it has supported BTC over previous cycles. Things I am looking for are a break of the green support line which will then confirm my preferred methods then a bounce off either the top of the buy box or the bottom of the buy box. OR tight squeeze between the green support line and the white resistance with a break upwards. IF it closes below the buy box i will assume we are in a downtrend....
So the question is Option 1. PINK line (tight squeeze, break upwards)? Option 2. ORANGE line (Break below support bounce off weekly 18MA)? Option 3. GREEN line (Break Below support bounce off weekly 20 MA)? Option 4. RED line (Break all supports R.I.P BTC)?