BTC Long Term And Short Term Analysis
BTC LONG TERM - The bullish divergence looks like it's playing out on the 1D and close above the 21 EMA yesterday which means it could go and test the 55 ema at 25000, so I don't think this bounce is over just yet.
BTC SHORT TERM - On the 1H it looks like it wants to put in a temporary top and pull back a little bit. There is a tiny bit of bearish divergence too, so that could lead to a little pull back on the shorter time frames.
BTC OVERALL - I can see BTC having a pull back today and carry on it's bounce later on today or going into the weekend.
Let me know your thoughts in the comments and like my idea!!
BTC SHORT TERM - On the 1H it looks like it wants to put in a temporary top and pull back a little bit. There is a tiny bit of bearish divergence too, so that could lead to a little pull back on the shorter time frames.
BTC OVERALL - I can see BTC having a pull back today and carry on it's bounce later on today or going into the weekend.
Let me know your thoughts in the comments and like my idea!!
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