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.
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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.