Bitcoin holds the 50EMA as a strong support zone on a daily time frame, as we can see in the white boxes.
Currently Bitcoin recovers from the 50EMA and is trying to form a Bullish Pennant
It can be a good time to scale up as Bitcoin is expected to target 10,400 - 10,800 levels now.
As a stop loss, keep a strict stop loss which will be slightly below the 50EMA on a daily time frame
Currently Bitcoin recovers from the 50EMA and is trying to form a Bullish Pennant
It can be a good time to scale up as Bitcoin is expected to target 10,400 - 10,800 levels now.
As a stop loss, keep a strict stop loss which will be slightly below the 50EMA on a daily time frame
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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.
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.