Bitcoin / Tether
Long

🅱️ Bitcoin Short-Term Update

763
👉 Higher timeframes: 



➖ Bitcoin daily closed above EMA10 and looking good.
➖ 
Bitcoin weekly trading above EMA200

👉 Short-term update:

➖ Failed breakout is a bullish signal. Can also be called bear-trade, stop-loss hunt, etc.
➖ Trading above EMA50 = bullish.
➖ RSI & MACD bullish.
➖ Major support level holding since 17-Aug. flash rash.

👉 Conclusion:

➖ Short-term bullish bias remains strong/valid/active above the support level marked on the chart.
➖ Recent price action favors the bulls.

👉 Prediction:

➖ Bullish action to speed up after mid-September;
➖ Maximum speed late month.

Namaste.

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