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AlanSantana

Bitcoin Breaks Descending Channel, Trading Above Resistance

Bitcoin (BITMEX:XBTUSD.P)  
AlanSantana  
BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Technical Indicators Beyond Technical Analysis Bitcoin (Cryptocurrency) xbt XBTUSD bitmex GEMINI bitfinex alanmasters altcoins crypto
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trendanalysis indicator beyondta bitcoin xbt xbtusd bitmex gemini bitfinex alanmasters altcoins crypto
Bitcoin (XBTUSD) broke out of a descending channel and is now trading above EMA200.

The immediate resistance is now at $7155 or EMA300.

Prices for XBTUSD can range between these two levels until one breaks.

We are of the bullish perspective as we just broke the descending channel and have bullish indicators.

If EMA10/EMA200 fails as support, we go bearish on this chart.

Thanks a lot for reading.

Namaste.
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