NEXT 3 MONTH EMA CHANNELS,1D CANDLE SHOW BTC BLX FALLING CHANNEL
Wake up! It's obvious from this view that no matter who states otherwise...BTC IS STILL FALLING!
In order for things to improve a few things MUST happen:
1. Break above the current 50 EMA calculated on the 1D candle. This will act as the first resistance level for upward movement.
2. Break above the 100 EMA (same logic as above).
3. Break above the 200 EMA (same logic as above).
4. Finally the white price channel that is extending out until 1 April MUST be broken! I will be keeping an eye on this over the next 3 months. Of course I can't wait to see these EMA's broken and the upper price channel price shattered....however, I will not re-enter until then.
Please people, use caution! I read people with thousands of followers stating that BTC has turned around....this is just not fact.
The ONLY way to avoid the volatility of the crypto market is to view EVERYTHING from the thousand foot view (use the daily candle as your minimum view) and go LONG. These candles will show you solid signs of a reversal and positive upward trends.
THE REST IS JUST NOISE!
In order for things to improve a few things MUST happen:
1. Break above the current 50 EMA calculated on the 1D candle. This will act as the first resistance level for upward movement.
2. Break above the 100 EMA (same logic as above).
3. Break above the 200 EMA (same logic as above).
4. Finally the white price channel that is extending out until 1 April MUST be broken! I will be keeping an eye on this over the next 3 months. Of course I can't wait to see these EMA's broken and the upper price channel price shattered....however, I will not re-enter until then.
Please people, use caution! I read people with thousands of followers stating that BTC has turned around....this is just not fact.
The ONLY way to avoid the volatility of the crypto market is to view EVERYTHING from the thousand foot view (use the daily candle as your minimum view) and go LONG. These candles will show you solid signs of a reversal and positive upward trends.
THE REST IS JUST NOISE!