#BTC UPDATE
The importance of the $7000 level is still valid.
8H Candle Closed Above EMA100 & Horizontal Resistance (6840-6960) , that Means, Ascending Triangle Breakout Done..!!
If we take hold above this level in the next few hours, the priority will be highly upward, target is $7700. .
Buying Volume Has Incredible, MACD & RSI Both Looking Bullish, But According to RSI, Before Bullish Move towards the 8k, Bitcoin Might Retest the EMA100.
If now we see a rejection from the mentioned level - downward priority will be confirmed and we will dump, finally. Supports are $6800 $6630 $6200 and $5900.
The importance of the $7000 level is still valid.
8H Candle Closed Above EMA100 & Horizontal Resistance (6840-6960) , that Means, Ascending Triangle Breakout Done..!!
If we take hold above this level in the next few hours, the priority will be highly upward, target is $7700. .
Buying Volume Has Incredible, MACD & RSI Both Looking Bullish, But According to RSI, Before Bullish Move towards the 8k, Bitcoin Might Retest the EMA100.
If now we see a rejection from the mentioned level - downward priority will be confirmed and we will dump, finally. Supports are $6800 $6630 $6200 and $5900.
Related publications
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.
Related publications
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.