Well, as always we've already kept you guys well informed of stuff and you can always check out my previous linked below Ideas for Bitcoin that will highlight a lot of info you may wanna know. For now we're still following off what we said yesterday and Bitcoin is still continuing that mountain ascent as it slowly hikes it's way back up to that $21,000 level.
Right now it's gonna be important since the market is definitely looking to see whether or not we can actually break that, or if we'll instead face great resistance and in turn possibly see a mountain fall form if we don't end up meeting that goal of 21.
Being that we're at $21,900's you can definitely tell Bulls are doing their best to push us up so that's good to see along with these new higher highs that have been forming but it's meaningless if the crypto can't break that $21,00 barrier and instead sends us down with resistance. We are rather far off though now from that descending channel so we could possibly see Bitcoin retrace a bit when it faces that $21,000 resistance and lower down a bit before moving back up and dealing with that $21,000 head on. Basically if we face too much resistance we could just have a short move down then move back up and fight another battle with it.
All of that though is ultimately up to our EMA's and whether or not they stick within the mountain as well as if we can keep that 200 EMA within the mountain as well. I've added a new possible short term rising trend line that has formed so watch that, if we break that it'll have us facing bearish pressure once again and moving down unless support kicks in but basically watch those markings we got as well as the EMA's as I always emphasize.
Thank you guys and wishing you guys the best, make sure you trade responsibly and do your own DD as well of course! Thank you and if you would like to leave a like and follow it'd be much appreciated!
~ Rock
Right now it's gonna be important since the market is definitely looking to see whether or not we can actually break that, or if we'll instead face great resistance and in turn possibly see a mountain fall form if we don't end up meeting that goal of 21.
Being that we're at $21,900's you can definitely tell Bulls are doing their best to push us up so that's good to see along with these new higher highs that have been forming but it's meaningless if the crypto can't break that $21,00 barrier and instead sends us down with resistance. We are rather far off though now from that descending channel so we could possibly see Bitcoin retrace a bit when it faces that $21,000 resistance and lower down a bit before moving back up and dealing with that $21,000 head on. Basically if we face too much resistance we could just have a short move down then move back up and fight another battle with it.
All of that though is ultimately up to our EMA's and whether or not they stick within the mountain as well as if we can keep that 200 EMA within the mountain as well. I've added a new possible short term rising trend line that has formed so watch that, if we break that it'll have us facing bearish pressure once again and moving down unless support kicks in but basically watch those markings we got as well as the EMA's as I always emphasize.
Thank you guys and wishing you guys the best, make sure you trade responsibly and do your own DD as well of course! Thank you and if you would like to leave a like and follow it'd be much appreciated!
~ Rock
