May the Support Zone of Steel Keep The Price of Bitcoin!
Currently, we are all aware that we have broken the 50-week simple moving average. The result of such a situation, of course, results in a contact with the lower moving average, so I am talking about the 200-week simple moving average as the target.
But this goal does not have to come immediately.
As you know, we are experiencing negative situations in BTC parity with the crash of global markets. In the event that upward movements begin in the global markets, it is not even sincere that we will break the falling wedge formation that we are currently in.
In any case, I am sure that everyone shares the same wish with me. At the same time, we should not ignore this in the case that there are two separate ABCD setups with different goals in our falling wedge.
The status of the Relative Strength Indices at different time intervals and even the positive inconsistencies in these indices give us hope.
And what's more, we know that the falling wedge formation is a bullish formation, which should not be forgotten.
But this goal does not have to come immediately.
As you know, we are experiencing negative situations in BTC parity with the crash of global markets. In the event that upward movements begin in the global markets, it is not even sincere that we will break the falling wedge formation that we are currently in.
In any case, I am sure that everyone shares the same wish with me. At the same time, we should not ignore this in the case that there are two separate ABCD setups with different goals in our falling wedge.
The status of the Relative Strength Indices at different time intervals and even the positive inconsistencies in these indices give us hope.
And what's more, we know that the falling wedge formation is a bullish formation, which should not be forgotten.