BTC bull flag after break out
Hey guys, BTC is building very normal & healthy consolidation, still in a bull flag on the 1H & 4H. We have two long wicks at 6450 acting as double top right now.
Look how beautifully BTC 'surfs' the EMA 12, while EMA 26 acted as support throughout the day, I highlighted this in today's video. Eventually we have much room on the 4H & could form a higher low there.
On the Daily we're now exactly at the 12 EMA resistance line => Still highly bearish terrain. For the bulls to change the trend in their favor, we're still far away from breaking the Daily Lower Highs at the 7700 range. => So if you play anything bullish on shorter time frames, take your gains with you, otherwise the bears might wanna dance with you! ;)
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Look how beautifully BTC 'surfs' the EMA 12, while EMA 26 acted as support throughout the day, I highlighted this in today's video. Eventually we have much room on the 4H & could form a higher low there.
On the Daily we're now exactly at the 12 EMA resistance line => Still highly bearish terrain. For the bulls to change the trend in their favor, we're still far away from breaking the Daily Lower Highs at the 7700 range. => So if you play anything bullish on shorter time frames, take your gains with you, otherwise the bears might wanna dance with you! ;)
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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