Bitcoin (BTCUSD) tried to break above EMA100 on the 4H time frame multiple times before succeeding. I would like to take a closer look at this... Please allow me to entertain you for a few minutes:
Thanks a lot for reading.
Namaste.
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THIS IS NOT FINANCIAL ADVICE.
Previous analysis:
- First we see over 12 failed attempts to break above EMA100, which is the blue line. But BTCUSD would always produce a higher low at each attempt.
- It finally broke above EMA100 and remained below it. There was an attempt to push the price down unsuccessfully and BTCUSD moved to close above $8075 with good strength and volume. With this move, we can expect additional bullish action.
- Both the MACD and RSI are on the bullish zone which gives further strength to this setup.
- If BTCUSD can remain trading above EMA100, it is very like that it will go higher and reach $8750 or up to $9000+... Certain conditions must be met just as it can move back down.
Thanks a lot for reading.
Namaste.
----------
THIS IS NOT FINANCIAL ADVICE.
Previous analysis:
Note
Bitcoin (BTCUSD) forms a double bottom with increasing volume on the 4H time frame, the bullish setup is playing out nicely so far... (This new upcoming trade is time sensitive... Hit like to show your support):4H:
1H:
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.