BTC Analysis
Updated
Why this could play to the downside:
- 12h Death cross (21 and 55 EMA)
- Daily closing below 200 EMA and 200 SMA
- Descending triangle hasn't reached its textbook target.
First bearish targets: 7,250 to 5,400.
I'm bullish if we get above 8600, close daily above 200 EMA and 200 SMA.
- Monthly already has had a bullish cross.
- Potential hidden bullish divergence on weekly.
First bullish targets are 9,100-9,400.
- 12h Death cross (21 and 55 EMA)
- Daily closing below 200 EMA and 200 SMA
- Descending triangle hasn't reached its textbook target.
First bearish targets: 7,250 to 5,400.
I'm bullish if we get above 8600, close daily above 200 EMA and 200 SMA.
- Monthly already has had a bullish cross.
- Potential hidden bullish divergence on weekly.
First bullish targets are 9,100-9,400.
Note
Monthly bullish cross (21 EMA and 10 SMA)Note
Also check this with fibs!
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