Hello traders. This seems to be the pattern we are following for bitcoin after the recent drop we had. Now it's just a waiting game! Mac D is also trying to cross back over. Strong support around 54k and we must maintain above 60k in order to move higher for new ATH's. Hang in there, Bitcoin is no where near done! Friendly advise, do not short a bull market. Remember Bitcoin will surprise you and it wants to take the most money possible before moving higher. There is nothing to be scared of. The lowest I would expect us to fall to is around 50k before buyers step in. The top of the rising wedge that started from mid Dec 2020 is 72.5k at current prices. We also have a hard resistance around 77k from using the Bitcoin Log Growth Chart. This is speculation, and the opposite can happen at any given point!
Indicators:
EMA Ribbons
BB 20
Vol
Mac D
Leave a leave, some feedback, and follow for future updates!
Happy Trading! :D
Indicators:
EMA Ribbons
BB 20
Vol
Mac D
Leave a leave, some feedback, and follow for future updates!
Happy Trading! :D
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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.
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.