Dane113

Dane113

Bitcoin definitely looks strong right now. This week looks good to close above the conversion line on the weekly. The daily RSI is above 50. Yesterday was a high bullish volume candle. I believe it's looking good to hit the daily 200 ema in the short term.

Dane113

Btc/usdt has been bouncing off 100 ema (yellow line) for a while now. The RSI candles are showing bullish signals. When btc closes below ema 50 and the ichimoku cloud with a bearish cloud forming on the daily, it's almost always bearish. We will have to watch price action once a close above the monthly pivot, to determine if this is just a bull trap.

Dane113

Btc looks like it could head up to weekly pivot and then take a turn down, to around the area of weekly pivot support 1, which is in the same area as daily 200 ema. If price heads up and closes past 4h 200 ema (black line), this idea will be invalidated. This is my view, please do your own research before taking a trade.

Dane113

This is just my personal view on btc/usdt not financial advice. I believe btc will go down to current weekly pivot/ 4h 200ema area. Then will have to watch price action at 200ema to see if it bounces off.