BTCUSD (Bitcoin) managed to close above EMA50 ($5885) and is now gaining momentum while climbing higher. The next resistance we are looking at is EMA100 at $6720.
We also have the ascending triangle bullish pattern. If EMA100 can be conquered with good strength and volume, we aim at MA200 or $8260 next!
Conditions for change If momentum is lost and prices move back down, closing below EMA10 ($5630) would send out a bearish signal. If prices close below $5400 the whole setup is invalidated.
What do you think will happen next?
Thanks a lot for reading.
Comments section below!
Namaste.
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☘️ GET IT WRONG, APOLOGIZE, COMPENSATE, DO IT BETTER NEXT TIME!
Oooopss.... Oh My God... I did it again... It's wrong!
Do not indulge in the fact that you got it wrong.
Do not entertain/enjoy hurting yourself just because you got it wrong or did it wrong... Focus on the solution is best!
When we stop, feel hurt, cry and blame ourselves for something not well done, this isn't productive.
Admitting is good, but we have to move on... FAST!
This is how it goes!
Yes, I got it wrong. My apologies... Here, my efforts for my mistake. Ok... I Am Good... Let's try again! I'll do better this time.
As long as you keep going, we can always win.
The only way not to win is to give up.
So, keep trying... Keep going...
Life has more in store for us.
Namaste.
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We have Bitcoin, Bitcoin and more Bitcoin...
🅱️ Bitcoin Moving Back Above $9,000? See Inside!
🅱️ Bitcoin V Bottom | CME Futures Gap | Above 8.6K/9.1K Fast
Considering the global situation, with inflation looming for global currency due to federal measures to contain the financial crisis, that people don’t want to use cash due to the virus and that bitcoin isn’t subject to inflation.
I except bitcoin to keep rising to unprecedented levels.
@Borzou101, every good analyst adjusts their positions as the markets change...hence why they are analysts. Happy trading, and accumulate bitcoin while its low!
@Borzou101, We share support and resistance levels as well as chart signals... Use it as adjunct to your current tools.
PanicWhale
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Hehehe, don’t worried. Human is full of mistakes. As a trader shall be highly awared such kind of situation.
Daijobu, ganbatte ne.. I’ll horde the panic and good analysis anyway, thanks
I except bitcoin to keep rising to unprecedented levels.