Dear Traders,
We saw BTC creating a huge buy peak, which got eaten up by selling pressure straight away which should be a bearish sign. We are now forming an uptrend which is following our red support line, this line should be crossed downwards in order to stay bullish. If it does break downwards, we will have support at 6364$ which is the 55 ema and also the 200 ema.
If the bulls succeed is keeping the price above this support line, we will see the 55 ema crossing the 200 ema upwards which is a bullish sign and i'm sure the bulls will show more buy volume with way more momentum then we have now.
If the bulls manage to take the price higher, are next resistance point will be the thick green line. This serves as a resistance line. A breakout above this line will create some fuzz in the crypto world, with buy power coming in.
I think a lot of people are waiting for more confirmation before entering into BTC again, I totally understand why, this market is so volatile and manipulated that you don't want to risk it. Let's see how things play out this week!
What are your thoughts ?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg/uGsZMS
We saw BTC creating a huge buy peak, which got eaten up by selling pressure straight away which should be a bearish sign. We are now forming an uptrend which is following our red support line, this line should be crossed downwards in order to stay bullish. If it does break downwards, we will have support at 6364$ which is the 55 ema and also the 200 ema.
If the bulls succeed is keeping the price above this support line, we will see the 55 ema crossing the 200 ema upwards which is a bullish sign and i'm sure the bulls will show more buy volume with way more momentum then we have now.
If the bulls manage to take the price higher, are next resistance point will be the thick green line. This serves as a resistance line. A breakout above this line will create some fuzz in the crypto world, with buy power coming in.
I think a lot of people are waiting for more confirmation before entering into BTC again, I totally understand why, this market is so volatile and manipulated that you don't want to risk it. Let's see how things play out this week!
What are your thoughts ?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg/uGsZMS
