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Bitcoin
Long
Updated

BTC needs to stay in the channel of hope

163
BTC took support from the channel bottom yesterday, but found resistance at the 50 Day EMA (orange). We need to take it out for more upside while still remaining within the boundaries



On 4H timeframe
$BTC possible move
Note
Nice break out, next target will be 6900-7000 as the top of the channel. Going above that will be super bullish

snapshot
Note
The price took support from the lower channel bottom and bounced
snapshot
Note
The 50 EMA gave the lifeline support and the price is back in the channel

snapshot
imkeshav
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Bitcoin (Cryptocurrency)BTCUSDTrend AnalysisWave Analysis

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Bitcoin (Cryptocurrency)BTCUSDTrend AnalysisWave Analysis
imkeshav
Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
Also on:

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.