Bitcoin (BTCUSD) is facing resistance at EMA50 once more and this time prices are moving above this level.
As we mentioned in our most recent article, EMA50 ($7164) is a strong resistance on the daily timeframe, moving above it can easily send Bitcoin's prices going higher:
Not So Fast Bitcoin, What Happens Now? (2020 BTC Halving)
This is an easy setup here, we are looking for a daily close above EMA50 and we can see prices going higher, easily hitting $7600 or $8000+ next.
Conditions for change
If momentum is lost and prices drop below EMA50, the above signals become invalid.
Remember to hit LIKE for more frequent Bitcoin updates.
Namaste.
As we mentioned in our most recent article, EMA50 ($7164) is a strong resistance on the daily timeframe, moving above it can easily send Bitcoin's prices going higher:
Not So Fast Bitcoin, What Happens Now? (2020 BTC Halving)
This is an easy setup here, we are looking for a daily close above EMA50 and we can see prices going higher, easily hitting $7600 or $8000+ next.
Conditions for change
If momentum is lost and prices drop below EMA50, the above signals become invalid.
Remember to hit LIKE for more frequent Bitcoin updates.
Namaste.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.