On the 8th February, Bitcoin had a high breakout above EMA10. This moves fulfilled all the requirements of a strong breakout and now additional action is expected.
So let's take a look at some of the signals:
- The retrace has been really strong, with Bitcoin holding all of its value. Virtually no retrace so far.
- The remains .
- The next move will happen soon, the sooner the better, and I am seeing $4150 - $4250 as possible, this is where MA99 and EMA100 meet each other.
- Looking at it on a shorter time frame, 4H, $3800 is the next barrier to break. If Bitcoin can break $3800 with strength and momentum, expect $4150 - $4250 to be tested next.
Chart (4H TF):
Conditions for change: If the bulls don't follow up on its last candle and momentum wains, you can expect a retrace. The next immediate support is sitting at EMA10 ($3600), followed by $3460. These levels are very likely to hold if Bitcoin moves down. If they don't, the next support is at $3215 for the .
This is all for today... Which way do you think Bitcoin will go?
Share your comments and charts on the comments section below.
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