Hello Traders,
first i have to say: My last post didn´t play out well. You see the potential price channel in this chart too (light transparent).
Then i see FOMO, which makes me uncertain.
This could be the reversal, followed by mid term bullrun, but it is too early to be sure.
The 50 day MA will act as massive resistance i guess. This could be the perfect BULL TRAP.
The only thing, which want me to believe this move could be sustained, is the RSI.
Here we see a clear trend break.
I guess we have to wait, how bitcoin will react with the FIB levels and the 50 day MA.
Good luck & play safe!
first i have to say: My last post didn´t play out well. You see the potential price channel in this chart too (light transparent).
Then i see FOMO, which makes me uncertain.
This could be the reversal, followed by mid term bullrun, but it is too early to be sure.
The 50 day MA will act as massive resistance i guess. This could be the perfect BULL TRAP.
The only thing, which want me to believe this move could be sustained, is the RSI.
Here we see a clear trend break.
I guess we have to wait, how bitcoin will react with the FIB levels and the 50 day MA.
Good luck & play safe!
Comment:
Above 21 week ema!
200 day ma is next target ~48k
We need to hold the 21 week ema at least this week (on sunday close) ~45k
200 day ma is next target ~48k
We need to hold the 21 week ema at least this week (on sunday close) ~45k
Comment:
With the crisis in europe, we could trigger a flash crash.
Here all is possible. 200 week support is at around 20,000 USD ... but the real support could be found at around 14,000 USD (this level on weekly basis) was relevant since 2017!
You should be ready for both scenarios.
I will buy more, if we hit 14,000 USD.
If not, my bag is quite full & iám happy for the future recovery.