BTCUSD (Bitcoin) managed to close above EMA50 ($5885) and is now gaining momentum while climbing higher. The next resistance we are looking at is EMA100 at $6720.
We also have the ascending triangle bullish pattern. If EMA100 can be conquered with good strength and volume, we aim at MA200 or $8260 next!
Conditions for change If momentum is lost and prices move back down, closing below EMA10 ($5630) would send out a bearish signal. If prices close below $5400 the whole setup is invalidated.
How can we trust your analysis when you flip flop from bearish to bullish in a couple days?
AlanSantana
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@tonygun72, Use it as an extra tool to supplement what you are already doing.
If you want to trust the analysis, you can read it... Everything is always explained in the description.
Thanks a lot for the support.
Namaste.
Alohalex
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@tonygun72, With new data coming everyday it is expected to change your biass frenquently , don't get married to a trade. It is actually a good sign to see trader being able to switch point of view, anything can happen.
@tonygun72, you go with the trend, lol traders don't care about the stock we look to make money weekly. i really dont care if BTC goes to 1k or 100k i will make money in both directions.