DAY 6 - Daily BTC Update
Bitcoin delivered a Christmas milestone, breaking 100K on multiple exchanges. However, we now find ourselves in a land of limbo, with BTC trending between key pivot levels and no clear confirmation of the next major direction.
Daily Chart Insights
📈 Momentum Turning Bullish
MACD: Flipping bullish, signalling potential strength in the trend.
RSI & Stochastic RSI: Both indicators suggest growing bullish momentum, showing signs of a reversal in market sentiment.
🔥 EMA Ribbon Recovery
Bitcoin’s daily candle has broken above the EMA ribbon, a key resistance zone, indicating that upward movement could gain traction if this trend holds.
Outlook
BTC's ability to maintain its position above the EMA ribbon and push past $100,800 will be pivotal in determining whether the bulls can regain full control. If successful, the next key level to watch is $105,720, leading to Pathway 1 for further gains.🎯
The market sentiment is improving, but caution is key while BTC trends in this zone. Let’s see where the holiday momentum takes us! 🎁
Daily Chart Insights
📈 Momentum Turning Bullish
MACD: Flipping bullish, signalling potential strength in the trend.
RSI & Stochastic RSI: Both indicators suggest growing bullish momentum, showing signs of a reversal in market sentiment.
🔥 EMA Ribbon Recovery
Bitcoin’s daily candle has broken above the EMA ribbon, a key resistance zone, indicating that upward movement could gain traction if this trend holds.
Outlook
BTC's ability to maintain its position above the EMA ribbon and push past $100,800 will be pivotal in determining whether the bulls can regain full control. If successful, the next key level to watch is $105,720, leading to Pathway 1 for further gains.🎯
The market sentiment is improving, but caution is key while BTC trends in this zone. Let’s see where the holiday momentum takes us! 🎁
❣️Lisa N Edwards❣️
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
Related publications
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.
❣️Lisa N Edwards❣️
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
Related publications
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.