Hello guys, i hope you make a good profit for my last BTC and ALT post. BTC reach 12.100 and that is my Final Target at last post about BTC. You can check it.
This is a new update about bitcoin
in 1H chart, you can see BTC breakdown from channel trednline and now its under EMA 55 and 125 , which is not good position. BTC need to break 11200 and stay above it with fat candle if want to continue the uptrend. Otherwise it will go lower and retest support again at 10.500. But don't forget at Weekly chart, after breakout from trendline, BTC not yet retest the trendline as a support. Its between 9600 - 9900 which is coincidence of CME GAP.
Personally Im not open any position right now, if any good setup i will share it
Thank you and enjoy your profit. 'Sorry for my English"
This is a new update about bitcoin
in 1H chart, you can see BTC breakdown from channel trednline and now its under EMA 55 and 125 , which is not good position. BTC need to break 11200 and stay above it with fat candle if want to continue the uptrend. Otherwise it will go lower and retest support again at 10.500. But don't forget at Weekly chart, after breakout from trendline, BTC not yet retest the trendline as a support. Its between 9600 - 9900 which is coincidence of CME GAP.
Personally Im not open any position right now, if any good setup i will share it
Thank you and enjoy your profit. 'Sorry for my English"
Note
11200 and 11400 its important resistence for BitcoinNote
BTC update, still can't break EMA 125Note
BTC breakout EMA 125 and 11200 area and now as a minor support. Lets see which direction it will moveNote
BTC trying breakout of EMA 55Note
as i said before, 11400 will be important resist for BTC. it can't break and back to down
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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.