Looking at the btc chart on the daily and the hourly candles we can see massive action between the bears and bulls, I have marked the chart to show you what the probability of each direction will be if the market moves to the respective direction. by drawing the ema lines on the daily time frames you can actually see the main support and resistance, hope this...
We Must break the daily trend line for BTC if we want to reverse the market sentiment and continue the bull run towards newer highs
while i was working on this indicator customisation i missed the buy lol
Looking at the charts we already know we have broken below the 50 Ema and came down to 100 Ema. Question now is this, are we going down to the 200 Ema? It could play out 1 of 2 scenario either a bear trap or a bull trap Imo it look like a bull trap to me with these short time frames on the longer daily and weekly we need confirmation to decide which direction...
Btc has failed to hold all crucial support, we are literally holding the support by a single line, if this support fails we will probably go straight to the 44k support
the white lines are all support, the lines in red are all higher targets if the bull run continues