Change Of Direction? Bitcoin Aims At $6720 / $8260 Next
Updated
BTCUSD (Bitcoin) managed to close above EMA50 ($5885) and is now gaining momentum while climbing higher.
The next resistance we are looking at is EMA100 at $6720.
We also have the ascending triangle bullish pattern.
If EMA100 can be conquered with good strength and volume, we aim at MA200 or $8260 next!
Conditions for change
If momentum is lost and prices move back down, closing below EMA10 ($5630) would send out a bearish signal. If prices close below $5400 the whole setup is invalidated.
What do you think will happen next?
Thanks a lot for reading.
Comments section below!
Namaste.
The next resistance we are looking at is EMA100 at $6720.
We also have the ascending triangle bullish pattern.
If EMA100 can be conquered with good strength and volume, we aim at MA200 or $8260 next!
Conditions for change
If momentum is lost and prices move back down, closing below EMA10 ($5630) would send out a bearish signal. If prices close below $5400 the whole setup is invalidated.
What do you think will happen next?
Thanks a lot for reading.
Comments section below!
Namaste.
Note
☘️ GET IT WRONG, APOLOGIZE, COMPENSATE, DO IT BETTER NEXT TIME!Oooopss.... Oh My God... I did it again... It's wrong!
Do not indulge in the fact that you got it wrong.
Do not entertain/enjoy hurting yourself just because you got it wrong or did it wrong... Focus on the solution is best!
When we stop, feel hurt, cry and blame ourselves for something not well done, this isn't productive.
Admitting is good, but we have to move on... FAST!
This is how it goes!
Yes, I got it wrong.
My apologies...
Here, my efforts for my mistake.
Ok... I Am Good... Let's try again!
I'll do better this time.
As long as you keep going, we can always win.
The only way not to win is to give up.
So, keep trying... Keep going...
Life has more in store for us.
Namaste.
Note
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