Alright, let's take a look at what's going on cause it's been a hell of a volatile but insane week of trading!
⚡️Right now on the chart we can see how bitcoin has bounced off that relatively new support at basically $22,800 twice before moving up as it has now. The trading activity has been absolutely off the charts as bulls and bears fight putting in as much as they can to push or pull the crypto in whatever way may benefit them.
⚡️For Bulls that means regaining and holding onto that 200 EMA so we can hold it inside the mountain again, the bears it's the exact opposite with them trying to make us lose that 200 EMA but damn, support is insanely strong and simply keeps kicking those bears.
⚡️Here's a minute chart look.
⚡️Bitcoin managed to do that pull up with us experiencing a lot of impulse movements as whales fight over that EMA. We did end up losing the EMA not only once but twice already which in itself isn't the best to see however Bulls keep coming in and regaining that 200 EMA so it just marks a reason all the more for us to pay attention to that. Should we lose the EMA in a strong way with a sudden strong sell or something that would potentially trigger a mountain fall and considering the high lows that show on the minute chart it's bearish right now but we damn we'll could look at a good flip and move should those 20/50 EMA's flip which would be awesome.
⚡️But still I want you guys to be wary and watch, this $23,323 mark is crucial and you can see that by simply looking below. Just keep an eye out!
⚡️Before I leave just wanna wish everyone nothing but the best, things aren't looking bad for that 200 EMA but if we can't gain solid support here and keep above #23,305 we could very well see that 200 EMA exit and this is basically the third attempt so that attempt is usually the most influential one. Gonna leave the idea here but if you'd like to leave a like or follow it'd be much appreciated. Thank you guys so much!
~ Rock '
⚡️Right now on the chart we can see how bitcoin has bounced off that relatively new support at basically $22,800 twice before moving up as it has now. The trading activity has been absolutely off the charts as bulls and bears fight putting in as much as they can to push or pull the crypto in whatever way may benefit them.
⚡️For Bulls that means regaining and holding onto that 200 EMA so we can hold it inside the mountain again, the bears it's the exact opposite with them trying to make us lose that 200 EMA but damn, support is insanely strong and simply keeps kicking those bears.
⚡️Here's a minute chart look.
⚡️Bitcoin managed to do that pull up with us experiencing a lot of impulse movements as whales fight over that EMA. We did end up losing the EMA not only once but twice already which in itself isn't the best to see however Bulls keep coming in and regaining that 200 EMA so it just marks a reason all the more for us to pay attention to that. Should we lose the EMA in a strong way with a sudden strong sell or something that would potentially trigger a mountain fall and considering the high lows that show on the minute chart it's bearish right now but we damn we'll could look at a good flip and move should those 20/50 EMA's flip which would be awesome.
⚡️But still I want you guys to be wary and watch, this $23,323 mark is crucial and you can see that by simply looking below. Just keep an eye out!
⚡️Before I leave just wanna wish everyone nothing but the best, things aren't looking bad for that 200 EMA but if we can't gain solid support here and keep above #23,305 we could very well see that 200 EMA exit and this is basically the third attempt so that attempt is usually the most influential one. Gonna leave the idea here but if you'd like to leave a like or follow it'd be much appreciated. Thank you guys so much!
~ Rock '
