BTC_Update 1W
This candle and the previous 2 candles are displaying indecision. BTC is flirting with a key s/r level. This is a historical and emotional level. Breaking through this level will induce anxiety, disbelief, and regret on the bear's side, and optimism and belief on the bull's side. Both parties want to win. This battle is not over yet. A breakout could move BTC easily toward 34k-37k.
My main focus is on the 200 WMA. This is probably the 4th weekly candle above this MA. Also, notice the distance between the 12 EMA (blue) and the 21 (EMA). As many of you guys know. I used the 12-21 cross to determine HTF reversal. What I now want to see is that the distance between these EMA’s is widening. Maintaining this gap, or even if they come closer to each other is fine as well.
I can see a pullback towards 25k happening, which aligns with the 200 WMA. I set my alerts and I suggest you do the same. HTF-wise, This is now a waiting game.
.....................
@fastscalps
