Bitcoin had a beautiful daily close, but it’s still trading below the dynamic support trendline. A sharp bounce off the 50 EMA resulted in a strong hammer candle, a promising sign for the bulls. Was this a trap? Are we on a path to a new all-time high while many players have already been shaken out and liquidated? The next few daily candle closes will give us the answers.
Stay tuned.
#Crypto
Please hit that like button if you like my timely updates.
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.