Technical analysis by f-73 about Symbol BTC: Buy recommendation (5/1/2024)

Here we go, the "traditional" test of MA50/W is inbound. It may require some weeks, so keep an eye on weekly closes. If price holds over 51,5k on any W close we should expect another pretty strong leg up.First divergences start to show up.Soon good R:R Long opportunities may appear in the 56k - 51,5k area, as long as your orders are staggered and / or you maintain a stop loss below 51k.Well, the hyphotesis was actually on point, as BTC moved to ATH area once again.Now a further test of MA20/W (sorry for the typo in the OP test) is unfolding again. BTC sits at about 65k and it seems likely to bounce towards 67+. Then to be re-evaluated.This is likely part of a sideways action between 56/60k and 70/72k. A breakout of such range will likely ignite the next meaningful move.