Its simple. bitcoin is catching resistance at the 100 EMA. This will cause us to see a correction to the 55 EMA as a retest for support. Buyers will step in at that point and reengage the market buying it up to break above the 100EMA test the 200SMA at which point we will more than likely see a correction there to the 100EMA as a retest for support where again buyers will come in again and snag the last load of cheap BTC till we break above 200 EMA.
On the daily chart these powerful move ssetting up in bitcoin will be remembered for months after.
When we break back above the 200 we will see a bull market commence.
Stop shorting and just hold that shit.
On the daily chart these powerful move ssetting up in bitcoin will be remembered for months after.
When we break back above the 200 we will see a bull market commence.
Stop shorting and just hold that shit.
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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.