BTC Technical Analysis for Day-Trading or Swing Trading
Updated
Bitcoin's possible scenario for Day-Trading and Swing Trading
If we would anticipate the price action, this would be the outcome for the following days
Buy Long = BTC price breakouts above EMA 200 and the minor resistance white box which is currently at 41,800ish area
Buy Long = If retest the 41,800 area/ Above 21,50,200 EMA
Sell Short = Breakdown below the support line which is 40,200 area
Sell Short = If it retest 40,200 area and below ALL EMAs
Entry on a 5 min. Chart using VuManChu dots from the WaveTrend
If we would anticipate the price action, this would be the outcome for the following days
Buy Long = BTC price breakouts above EMA 200 and the minor resistance white box which is currently at 41,800ish area
Buy Long = If retest the 41,800 area/ Above 21,50,200 EMA
Sell Short = Breakdown below the support line which is 40,200 area
Sell Short = If it retest 40,200 area and below ALL EMAs
Entry on a 5 min. Chart using VuManChu dots from the WaveTrend
Note
Support breakdown. Currently holding the 38.5k area
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