BTCUSD :: Has liftoff commenced? 20% uptrend to test resistance?
Updated
The four hour chart has started a strong uptrend solidly closing a bar above the 50/200 4H EMA crossover. Could this spell the end of the sideways trend and signal BTC heading for channel resistance test around 70k?
I think it very well may, but I'm still holding other coins that I think will rise along with it and with a larger percentage. I anticipate pulling some profit as it nears the trend line from my other holdings then apeing on the correction.
The big test will be if it can close today & tomorrow's candle above the 50D MA and to the right of the presently being tested 45 degree daily downtrend line, imo.
I think it very well may, but I'm still holding other coins that I think will rise along with it and with a larger percentage. I anticipate pulling some profit as it nears the trend line from my other holdings then apeing on the correction.
The big test will be if it can close today & tomorrow's candle above the 50D MA and to the right of the presently being tested 45 degree daily downtrend line, imo.
Note
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.