eBlockChain

Bitcoin at a decisive moment

Long
INDEX:BTCUSD   Bitcoin
The bears had their run, pretty much blooded the bulls over the past four months. Now Bitcoin is at decisive level battling both the 200D EMA, 21W EMA & 20W SMA Band.

For the Alts to rally, BTC needs to
1) get above the 200D EMA $46k.
2) get above the EMA/SMA band $48k.

Traders will be split between holding their fingers crossed, or shorting the market again. One side is destined to lose. Which side are you on?

Unless you figure a way to make money while you sleep, you’ll work till you die.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.