The 34 Day EMA on the 1 Day Chart has been a long standing support line.
In addition, at the moment, after a couple of day of strong bullish moves there is a bit of a pull back that just occurred. But we may have entered the corner of a bull flag. Is this a buying opportunity? I think it's a risky time to enter the market but it is always fun to catch a bottom.
I'm calling this long. If I'm wrong now, just don't sell below your entry point...with Bitcoin all you need is time.
$BTC
In addition, at the moment, after a couple of day of strong bullish moves there is a bit of a pull back that just occurred. But we may have entered the corner of a bull flag. Is this a buying opportunity? I think it's a risky time to enter the market but it is always fun to catch a bottom.
I'm calling this long. If I'm wrong now, just don't sell below your entry point...with Bitcoin all you need is time.
$BTC
Comment:
Bull flag was in the wrong position, but now it has been made clear and the bullish $BTC movement has been confirmed.
