I look at the 2 day chart in great depth to figure our the direction of bitcoin and other cryptos and for the last 2 day candles Bitcoin looked down and out.
On the 4th of July 23:00 UTC. The 10EMA had been below the 20EMA right until the last minute it crossed back over which gave me another 2 days to look at the price of BTC. When the new 2Day Candle opened on the 5th July there was a $40 gap between the 10/20EMA to the downside. But a surge in price yesterday has todays candle opened up very bullish. The 10 IS OVER the 20 once again.
Im looking for short term retracement to $9200 to upside $9700. if that has been stopped out we can call it a fake out. Economy not in Bulls side
Weekly: Signs of a bullish week.
This is Just my opinion on how I read the charts
On the 4th of July 23:00 UTC. The 10EMA had been below the 20EMA right until the last minute it crossed back over which gave me another 2 days to look at the price of BTC. When the new 2Day Candle opened on the 5th July there was a $40 gap between the 10/20EMA to the downside. But a surge in price yesterday has todays candle opened up very bullish. The 10 IS OVER the 20 once again.
Im looking for short term retracement to $9200 to upside $9700. if that has been stopped out we can call it a fake out. Economy not in Bulls side
Weekly: Signs of a bullish week.
This is Just my opinion on how I read the charts
Trade closed: stop reached:
Trend reversed
