Is Bitcoin About To Crash, Again?
The longer a resistance level is challenged, the weaker it becomes.
When a resistance level produces a rejection and a drop is to follow it tends to happen fast...
Look back at 20-Jan. and 10/17-Feb. This hasn't happen yet...
We see Bitcoin fighting resistance while remaining strong (prices trading above EMA10). This type of price action favors the bulls.
A break and close above $45,850 is needed for Bitcoin to continue up.
A drop can still happen but we have plenty of room to retrace (support) and end up in a higher low.
Higher lows are bullish and tend to lead to higher highs... The bulls are still currently on top.
We need a higher high...
I am still bullish, what about you?
Share in the comments below.
Namaste.
When a resistance level produces a rejection and a drop is to follow it tends to happen fast...
Look back at 20-Jan. and 10/17-Feb. This hasn't happen yet...
We see Bitcoin fighting resistance while remaining strong (prices trading above EMA10). This type of price action favors the bulls.
A break and close above $45,850 is needed for Bitcoin to continue up.
A drop can still happen but we have plenty of room to retrace (support) and end up in a higher low.
Higher lows are bullish and tend to lead to higher highs... The bulls are still currently on top.
We need a higher high...
I am still bullish, what about you?
Share in the comments below.
Namaste.
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followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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