We now have a perfect and any selling pressure we see building up is quickly consumed by the buyers/bulls.
The current 4H candle is showing a ... Additional upside is possible and expected based on past history.
You know, charting for me is all about interpreting past data to read potential future moves.
That's why we do not and cannot read new/empty charts.
Past history keeps showing us straight up/more for Bitcoin .
Just a few months back, I was following the conventional mindset and "guessing" that a retrace/correction 'must' happen just because prices have been growing a lot... But if you focus on TA, we cannot make that assumption instead...
We stay as long as prices continue to increase and trading above EMA10.
As long as we have a strong and , these signals are classic and have proven to be correct.
But, if prices close below EMA10 and you see red building up...
We won't stay locked in the positive, we switch, we adapt , and go we with the flow.
This is the Bitcoin ( BTCUSD ) 4H chart.
The technicals are ... higher prices can continue to come.
What's your take?
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Thanks a lot for your support.
It is just the time for cryptocurrency to shine... 2021 and beyond.
But if the bear won, a retracement to 33K, 27K, 24K and 20K will be on the table.
Sounds pretty good.
50K is a lovely number, we would be extremely happy to get there.