Welcome to this quick update guys BTC needs to break and close above the 54.5k level. Thought the price did hold the 50k level but we need to get back into the larger channel (the blue one) to be bullish again. Currently, 21DMA is the resistance level at $53692 and 200D MA support at $53123.
Once we break and close above the 21D MA, THINGS WILL GET BETTER FOR BTC.
Still a no-trade zone for me.
Do hit the like button and share your views in the comment section.
#PEACE
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Alright, we broke above the 21D MA as of now, the candle closes after 3 hours and 40 minutes, If it closes above this level there's a high probability that we will break this tentative resistance level at 54.5k.
Stay tuned I will keep you posted!
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BTC Update: Retest to 57.5k seems likely once 56k breaks. BTC is now trading under a range of $5000 from $50500 as support to 57.5k as Resistance. Will avoid trading now, since it's the weekend and most of the coins in futures are already pumped. BTC Pair coins on the other side are looking very profitable. I'll post some BTC pair ALT setups soon, Stay tuned.
thanks for this idea! but i have a question!
What was your aim in drawing lines on rsi ?
dragansimic171111
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Thanks.
PF2020
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You have more followers and supporters than most out there in crypto space. Never get distracted by negativity or those waiting for a free lunch and then complain about not being served pudding. Your work and efforts are highly appreciated - Thanks.