Bitcoin is about to come in contact with the 21 Week MA (blue top line + yellow dotted line projected direction) which historically, we have not been able to stay above during this bear market. Since the crash in January, we have only been above the 21 Week MA 3 times and never for more than a week. In addition, if you extend out the top line of the meme triangle,...
Bitcoin is nearing the 21 week MA which it hasn't been above since July 2018 and that was only for about a week. In fact we haven't touched the 21 week MA since October 2018 and we all know what happened afterwards. The 21 week MA and 200 week MA will be intersecting near the end of March/early April and Bitcoin will have to make a choice.
Been watching URA for a while now. If it breaks out above $13, I can see it going to $14-$16 short term. Being patient until then.
Everytime BTC shorts enter this region, we get a dump.
Last time we were in this territory we had a big crash.