Hello everyone!
In the last months, we have been having several bearish movements in the price of bitcoin, as you can see in the chart the blue EMA worked perfectly as a support, it is perfectly evident as on 3 occasions the market reacted perfectly when it touches the ema color blue. Now in the last few days, thanks to the strong bearish movement, we saw how the price broke the blue line, which leads us to the fact that the line now works as a resistance.
I´m expecting a retest on the blue ema and then a bearish move to the 5,500 zone...
Have a nice day
In the last months, we have been having several bearish movements in the price of bitcoin, as you can see in the chart the blue EMA worked perfectly as a support, it is perfectly evident as on 3 occasions the market reacted perfectly when it touches the ema color blue. Now in the last few days, thanks to the strong bearish movement, we saw how the price broke the blue line, which leads us to the fact that the line now works as a resistance.
I´m expecting a retest on the blue ema and then a bearish move to the 5,500 zone...
Have a nice day
Note
ALSO WORKS ON THE HOURLY TIME FRAME
Note
If you want to know the ema period, send me a dm
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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.
Related publications
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.