☄️Quick revisit of our long time frame and big picture look of things! We always love checking things out on the short term but long is a real good future indicator too. Can see how our 200 EMA is just barely touching our candles right now and next could be a big move for us based on how we approach it! We grab and form a 200 EMA mountain entry then we are set for a great move up that could easily put us over $20,000.
☄️With that being said we've been facing quite a bit of resistance at $20,000 every time we approach it and when we do we get pulled down a bit after. In all honesty when you look at the chart as we see it here it looks to seem that we've already formed quite a support here the past few months above our major support marking of $17,815 which is absolutely crucial for any major moves or trends. Something also to be aware of is that we've already exited our wedge which Bitcoin formed so that's nice to see as well.
☄️While it's a good look we can't ignore inflation and all that's going on in the market and globally. The possibility as always still stands that we can fail to grasp that 200 EMA and fall as we see every day happen when these EMA's flip. Only difference is that this chart's EMA's take much longer to flip and impact way more. So why it's always great to check out the major chart from time to time. That support marking is one I've had in since June and still stands to be hit or touched again, we'll call that the last line of defense for now.
☄️Leaving stuff here but if you'd like to leave a like or follow it'd be much appreciated per usual, thank you and wishing the best!
~ Rock '
☄️With that being said we've been facing quite a bit of resistance at $20,000 every time we approach it and when we do we get pulled down a bit after. In all honesty when you look at the chart as we see it here it looks to seem that we've already formed quite a support here the past few months above our major support marking of $17,815 which is absolutely crucial for any major moves or trends. Something also to be aware of is that we've already exited our wedge which Bitcoin formed so that's nice to see as well.
☄️While it's a good look we can't ignore inflation and all that's going on in the market and globally. The possibility as always still stands that we can fail to grasp that 200 EMA and fall as we see every day happen when these EMA's flip. Only difference is that this chart's EMA's take much longer to flip and impact way more. So why it's always great to check out the major chart from time to time. That support marking is one I've had in since June and still stands to be hit or touched again, we'll call that the last line of defense for now.
☄️Leaving stuff here but if you'd like to leave a like or follow it'd be much appreciated per usual, thank you and wishing the best!
~ Rock '
