$BTCUSD - It only dropped to test the EMA50
Hi guys! 👋🏻
🔔 Bitcoin continues the climb towards new highs in an ascending expanding channel. The pair has retraced just recently to test the EMA50 which up-to-date acted as a strong support of the uptrend.
🔔 As long as Bitcoin remains above the EMA50, we can count on the uptrend. As seen on the chart, there are two important levels Bitcoin needs to overtake and keep above in order to continue the bullish run, these are $18 325 and $18 882.
🔔 Consolidation between these two levels may force investors to sell the asset, hence another impulse is required if buyers are willing to reach the 20K goal.
🔔 The most anticipated 20K is yet to be reached, and according to the price action, establishment of a new ATH at levels around 20K is still possible.
🔔 Has to close above $18 882. Didn't test the channels upper edge yet, so.... I'm still waiting for that to happen to before I can call Bitcoin bearish.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Bitcoin continues the climb towards new highs in an ascending expanding channel. The pair has retraced just recently to test the EMA50 which up-to-date acted as a strong support of the uptrend.
🔔 As long as Bitcoin remains above the EMA50, we can count on the uptrend. As seen on the chart, there are two important levels Bitcoin needs to overtake and keep above in order to continue the bullish run, these are $18 325 and $18 882.
🔔 Consolidation between these two levels may force investors to sell the asset, hence another impulse is required if buyers are willing to reach the 20K goal.
🔔 The most anticipated 20K is yet to be reached, and according to the price action, establishment of a new ATH at levels around 20K is still possible.
🔔 Has to close above $18 882. Didn't test the channels upper edge yet, so.... I'm still waiting for that to happen to before I can call Bitcoin bearish.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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