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Bitcoin / Tether
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๐Ÿ…ฑ๏ธ Bitcoin Short-Term Update

763
๐Ÿ‘‰ Higher timeframes: โ€จโ€จ

โž– Bitcoin daily closed above EMA10 and looking good.
โž– โ€จBitcoin weekly trading above EMA200

๐Ÿ‘‰ Short-term update:

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

๐Ÿ‘‰ Conclusion:

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

๐Ÿ‘‰ Prediction:

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

Namaste.
MasterAnanda
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