Here we are looking at BTCUSD (Bitcoin) on the daily timeframe.
Yesterday, 5th-March, we had prices for BTCUSD move and close above EMA10 ($8984), switching the potential towards the bulls.
EMA50 at $9095 is now being challenged and closing daily above this level can send Bitcoin flying towards the $9500/$9900 price range.
EMA300 has also been tested as support, so prices are very likely to bounce here.
We are active with a LONG trade and already collecting profits... We believe that Bitcoin can continue growing here.
Here is the full trade chart:
Conditions for change If BTCUSD moves and closes below EMA300, $8368, the above signals become invalid and a new analysis is needed, as it would become more likely that prices would go lower.
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Thanks a lot for reading.
Namaste.
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We are still looking good... We share a new update soon.