As you can see, BTC seems to have found a bottom and is working it's way upward.
Having already breached the SMA 25 (4H) chart, it is hovering over the SMA 50. This, is still short (by around $700) of a cross of the SMA 200. This barrier has been a tough one for BTC to break but, if broken soon, could lead to a lot of optimism in the space.
Until the SMA 50 is broken is a serious manner, I will still remain hesitant. There are many traders on this site who have some incredible technical tools and use this to their advantage, I prefer to keep everything much more simple.
-- Legend --
SMA 25 - Purple
SMA 50 - Blue
SMA 200 Red
Having already breached the SMA 25 (4H) chart, it is hovering over the SMA 50. This, is still short (by around $700) of a cross of the SMA 200. This barrier has been a tough one for BTC to break but, if broken soon, could lead to a lot of optimism in the space.
Until the SMA 50 is broken is a serious manner, I will still remain hesitant. There are many traders on this site who have some incredible technical tools and use this to their advantage, I prefer to keep everything much more simple.
-- Legend --
SMA 25 - Purple
SMA 50 - Blue
SMA 200 Red
Catatan
BTC bounced off of the SMA 50; this could lead to downward pressure. As mentioned above, if there is no serious breach of this level it could be very difficult to see upward movement.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.