BTCUSD: $32K on The Table Again at 20MA in 24 Hour Time Frame
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Hi Everyone! Looks like we can move up toward the 20 Moving Average (Yellow Dotted B-Band Basis) in the NEXT 24-hour candle. Also explained a few other things regarding Wyckoff Method 2.0.
Yes, there is potential to go higher to around $33,000. However, I’m seeing the 200 Moving Average in the 2-Day time frame as RESISTANCE for quite a while yet to come.
CORRECTION: At one point I called a “Last Point of Support” event a “Last Point of Supply” event before going up with an Exponential Rally in Phase B. It should have been called, “Last Point of Support.”
Happy Trading and Stay Awesome!
