Hello traders,
Depends on all indicators and analysis that we all already know, BTC to start a uptrend will have a chance to make another beautiful W pattern. Consider that :
1.Crossing down the white and red line can be a trap to collect more coins by whales.
2.Ranging between three consecutive lines(white, Red and green) can cause huge liquidatıons and massive accumulations .
3.Institutions have bought their coins mostly above 30k so they will fight to keep the price up.
4.On Mart 2020 the price has crossed the 24MA and after that 1600% rising on price!!!.The same is happening now the 24MA is around 36500$.
Not financial advice.
cheers!