If support holds @ the 228-229 area, as well as BTC continuing its sideway trading, we're looking at a continuation up towards the 250 area resistance.
Key notes:
Look for resistance at 238 on the 200 EMA, it failed to break on the last pump, will be a key area to watch for, if it breaks we're looking clear until 250.
Key notes:
Look for resistance at 238 on the 200 EMA, it failed to break on the last pump, will be a key area to watch for, if it breaks we're looking clear until 250.
Note
After BTC took a dump, looks like we're back on track for the target, important to note we have upcoming EMA crossings and if volume picks up we may see it blow past the 250 resistance, watch the next couple of hours closely.Note
Target reached, did not close trade however, I believe we may be exiting the bear market and moving into an uptrend, we need BTC to continue to trade sideways or to break above 14300 for this trend to continue however in my opinion.Note
I have made a new chart to analyze the new price action we are seeing.
Trade closed: target reached
Target reached, see new target above.
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If you find my information helpful, please return the favor and hit the like and follow button, it's very encouraging and keeps me motivated!
Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
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.