Here we have the 12 hour chart with the 55 EMA acting as resistance. 10k is showing to be a weak support, but a support nonetheless for now. We completed an ABC early on and are now in the Y wave. I expect the 200 EMA on the daily to be a target for a bottom of the Y. Nothing about Bitcoin is telling me that the bears are losing steam or that the bulls are taking control. The bears are still in control and the mid to low 8,000s are not out of the realm of possibility.
My last Idea that I published a few days ago was a short from 11k to 10k. As that target has hit, this is a more detailed analysis without going overboard on indicators.
My last Idea that I published a few days ago was a short from 11k to 10k. As that target has hit, this is a more detailed analysis without going overboard on indicators.
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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.