Hello traders,
Today, BTC has shown massive upside potential, crossing the 200, 10 & 30 EMA's, indicating full parabola as we saw overnight.
On the 1D chart it is so obviously depicted that long positions are welcome again, as seen now - a retracement will occur as many alts try to break this trend line and confirm upward movement throughout the market.
If observed, we also see that good news has also come to light in the beginning of October, as I've said before, this seemed like an accumulation zone due to the ranging in price since mid September.
It is likely that we will see the price rise to our local high of 52.3xx and another possible retracement until the trend can be broken. However, it has already been confirmed (my indicators.) that we will continue this upward trend till our previous ATH, and possibly even higher.
Happy trading!
*not Financial Advice*
Today, BTC has shown massive upside potential, crossing the 200, 10 & 30 EMA's, indicating full parabola as we saw overnight.
On the 1D chart it is so obviously depicted that long positions are welcome again, as seen now - a retracement will occur as many alts try to break this trend line and confirm upward movement throughout the market.
If observed, we also see that good news has also come to light in the beginning of October, as I've said before, this seemed like an accumulation zone due to the ranging in price since mid September.
It is likely that we will see the price rise to our local high of 52.3xx and another possible retracement until the trend can be broken. However, it has already been confirmed (my indicators.) that we will continue this upward trend till our previous ATH, and possibly even higher.
Happy trading!
*not Financial Advice*