BTC update
BTC is currently trading at $9437. Its still below the 23 EMA and with the triangle. To break out of this triangle and break to the resistance above the 23 EMA there must be a daily close above the $9458. If this happens BTC will break out.
Looking at the Hash Ribbon it is still on course and follows the line we drawn last week when the possibly Buy signal will occur. At this moment the 26th of June is still in play and is still the date that this will be the bottom for BTC and a entry point to buy BTC for long term gains.
If I look at the possible bottoms and we get closer and closer to the 26th of June. The bottom could be $9250 at the blue trendline or 53EMA at $9150 or Trendline $8800 or the 200MA at $8300
Stay focused!!
BTC is currently trading at $9437. Its still below the 23 EMA and with the triangle. To break out of this triangle and break to the resistance above the 23 EMA there must be a daily close above the $9458. If this happens BTC will break out.
Looking at the Hash Ribbon it is still on course and follows the line we drawn last week when the possibly Buy signal will occur. At this moment the 26th of June is still in play and is still the date that this will be the bottom for BTC and a entry point to buy BTC for long term gains.
If I look at the possible bottoms and we get closer and closer to the 26th of June. The bottom could be $9250 at the blue trendline or 53EMA at $9150 or Trendline $8800 or the 200MA at $8300
Stay focused!!