{"id":13576,"date":"2023-04-26T10:22:15","date_gmt":"2023-04-26T10:22:15","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13576"},"modified":"2023-05-22T10:23:49","modified_gmt":"2023-05-22T10:23:49","slug":"bitcoin-held-key-cycle-support-preparing-a-mega-break-out","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/04\/26\/bitcoin-held-key-cycle-support-preparing-a-mega-break-out\/","title":{"rendered":"BITCOIN Held key Cycle Support, preparing a mega break-out!"},"content":{"rendered":"<p>Bitcoin (BTCUSD) is rebounding off the 0.5 Fibonnaci Lower Lows trend-line that provided Support numerous times during the previous Cycle but when it finally closed a 1W candle below it (June 06 2022) it started the final bearish sequence.<\/p>\n<p>Currently this is very positive for the upside&#8217;s chances and if BTC manages to close a 1W candle above the 0 Fib, we can see the final two bullish waes to 36000 and 43000. At the same time, the Higher Lows trend-line since the market bottom is holding, while the 1W MA50 (blue trend-line) hasn&#8217;t been re-tested in a month and a half.<\/p>\n<p>Do you think that hold on the 0.5 Fib was the key and we are off to the races again? Feel free to let us know in the comments section below!<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSD\/n29Mop0j-BITCOIN-Held-key-Cycle-Support-preparing-a-mega-break-out\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/BTCUSD\/n29Mop0j-BITCOIN-Held-key-Cycle-Support-preparing-a-mega-break-out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTCUSD) is rebounding off the 0.5 Fibonnaci Lower Lows trend-line that provided Support numerous times during the previous Cycle but when it finally closed a 1W candle below it (June 06 2022) it started the final bearish sequence. Currently this is very positive for the upside&#8217;s chances and if BTC manages to close a<\/p>\n","protected":false},"author":611,"featured_media":13577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-13576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13576"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13576\/revisions"}],"predecessor-version":[{"id":13579,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13576\/revisions\/13579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13577"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}