-Bitcoin is showing signs of strength today -As the price respected the 9MA in the daily chart -It also confirmed support of around 48k dollars -If we want to see a more Bullish scenario -BTC has to break above the trendline resistance -And hold for a few days to invalidate the potential fake out -We still have few hours left before this candle closes -The weekly candle will potential show a good sign -To invalidate the previous bearish engulfing weekly candle -I think we will have more sideways trading action this week -This will give a good oppurtunity for the Altcoins -Stay healthy and always plan your next trade setup
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
`````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
The bulls needs some good volume for some sort continuation. I do think that if the stocks opens in red, we will see some downside from here. That might lead us to 42k. Im thinking this:
:)
dBFT
⋅
BelowZero
⋅
BTC looking good. Waiting for that solid green daily candle close above the resistance trendline.
The BTC sideways action will be great for alts, as you very well pointed out.
All looking shinny in the crypto world. let's hope this rose picture lasts for a while :)