BTC (Y20.P3.E24).Short term bullish observations
Hi Traders,
I'm looking at BTC price action and its potentially showing some bullish signs.
Observations:
Weekly 10 EMA along with fib level gave strong case for support as per chart
This level as shown can be a new supporting trend line moving foreword, as discussed in my video stream today.
Having the 10 weekly ema gives it a good business case as a pivot point and therefore a trend line.
On the 4 hrly, currently price broke a resistance and is now back-testing it, blue line.
If it holds, we will see it go to the next fib or resistance level above.
Look at the smaller time frames to gage an entrance.
All the best,
S.SAri
15 min chart for that back-test of resistance.
s3.tradingview.com/s...shots/g/gZsI04Xu.png
I'm looking at BTC price action and its potentially showing some bullish signs.
Observations:
Weekly 10 EMA along with fib level gave strong case for support as per chart
This level as shown can be a new supporting trend line moving foreword, as discussed in my video stream today.
Having the 10 weekly ema gives it a good business case as a pivot point and therefore a trend line.
On the 4 hrly, currently price broke a resistance and is now back-testing it, blue line.
If it holds, we will see it go to the next fib or resistance level above.
Look at the smaller time frames to gage an entrance.
All the best,
S.SAri
15 min chart for that back-test of resistance.
s3.tradingview.com/s...shots/g/gZsI04Xu.png
Comment:
I still feel 52k will be tested again, to really shake out those who a) bought the dip and b) for those who sold at the bottom and bought back in now.
Discord: TradeToProspa
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
