A Bitcoin! 😁
We use EMA10 as our main indicator to gauge / potential...
- When prices move below this indicator, which is marked here with a green line, we switch our potential to .
- When prices go above it, we say that the bulls are getting the upper hand.
The retrace for Bitcoin started but we are patient and we wait...
After 4 red/ candles, today we see prices moving back above EMA10.
Our targets remain the same as before.
First, we aim at $46,000, and depending on how this level is handled we might go beyond.
Conditions for change
If the momentum is lost and prices reverse, BTCUSD would go lower than EMA21 and this time around hit EMA50 at ~$27000.
The daily candle is yet to close but the action we are seeing now is reminiscent of what we've been seeing before...
Very strong growth, short-lived corrections/retraces... This is how Bitcoin goes!
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Thank you for your comment! 😊🙏🏼
My feeling was that this would be a short-lived correction but had to wait and see... So far is looking like a real recovery, I expect that the bull-run continues.
The growth feels manipulated or more I should say, 'sustained', it is something I haven't seen before in my years looking at Bitcoin.
Seeing it go straight up would be different but so this entire bull-run has been different compared to the past few years.