Bitcoin's Short-Term Retrace Completed (Update) Long
Bitcoin / TetherUSBinance
Description
⋅ The chart is telling us that Bitcoin's short-term retrace after hitting the $24,276 resistance is coming to an end.
- Prices moved below the 0.618 Fib. retracement support; now BTC trades above this level.
- EMA300 was tested perfectly and holds. The candle ended in a Doji which is a reversal candle at this point.
- MA200 was also tested and holds as support.
- As prices move back above EMA21 and EMA10, we see a fresh increase in purchase volume as well as bullish indicators.
These signals are telling us that the short-term retrace is ending.
I am wishing you a lovely weekend my friends.
Thanks a lot for the continued support.
Thanks for being part of this great community and this amazing market.
I am wishing you the best.
Namaste.