A Bitcoin! 😁
We use EMA10 as our main indicator to gauge / potential...
- When prices move below this indicator, which is marked here with a green line, we switch our potential to .
- When prices go above it, we say that the bulls are getting the upper hand.
The retrace for Bitcoin started but we are patient and we wait...
After 4 red/ candles, today we see prices moving back above EMA10.
Our targets remain the same as before.
First, we aim at $46,000, and depending on how this level is handled we might go beyond.
Conditions for change
If the momentum is lost and prices reverse, BTCUSD would go lower than EMA21 and this time around hit EMA50 at ~$27000.
The daily candle is yet to close but the action we are seeing now is reminiscent of what we've been seeing before...
Very strong growth, short-lived corrections/retraces... This is how Bitcoin goes!
Please hit LIKE to show your support.
Looks like we will have a new ATH.