Current goldencross trajectory for BTCUSD set for April 23rd

Apr 18, 2019

getting exciting here in bitcoin world as the 1 day ascending triangle pattern continues to play out and keeps sharpening the trajectory of the 1 day 50ma thus moving the goldencross date ahead...as log as we go sideways for the next few days or further upwards we should see the goldencross by april 23rd. My guess is it will coincide with a break upward from the 1 day ascending triangle pattern. However there's a chance this may be short lived because we will still have to contend with the strong resistance of the 50 simple moving average on the weekly chart(not shown here) just above the triangle and it will be a true challenge flipping that moving average to solidified support...the initial test could result in a rejection that creates a brief deathcross shortly after the golden cross and scares everyone out of the market...but if this were o occur, my presumption is it would only be brief in order to form a higher low in the daily price action and then we would likely see another higher high to follow it up and flip the 1 day 50ma back into s golden cross with the 1 day 200 that is much more sustainable. So its wise to keep a close eye on the weekly 50 ma to see how it handles its next testing by the price action. There's also a chance that we may blow right past it and flip it to support the first time we test it but it is somewhat less probable. another pattern to keep an eye on is a potential head and shoulders pattern on the 4hr chart that is currently in play inside the ascending triangle. if we triggered it we could potentially breakdown all the way to the 1 day 200ma but if we break up from the triangle first and test the weekly 50ma that may be high enough to invalidate the 4hr head and shoulders pattern. Whatever the outcome...it should be a very exciting end of april/beginning of may for crypto