Bitcoin Possible Rally Up?
It looks like Bitcoin might be heading up on a rally, at least in the short term to about $10,590 and possibly to around $10,850 after that, using the 50 and 200 moving averages as potential target levels.
My analysis is based on the strong and clear hammer candle (although it has a bit of a long "handle"), as well as the 9 EMA and 20 EMA getting close to crossing, as well as my own indicators.
in the very short term over the next hour or so, it might first pull back somewhat and consolidate, before heading upwards to $10,590 - let's see what happens!
Doing what I can to help people trade better. Past performance doesn't guarantee future results. Trade at your own risk. This is not financial advice, it is personal opinion, I'm not a financial adviser. I may have a stake in what I write about.
My analysis is based on the strong and clear hammer candle (although it has a bit of a long "handle"), as well as the 9 EMA and 20 EMA getting close to crossing, as well as my own indicators.
in the very short term over the next hour or so, it might first pull back somewhat and consolidate, before heading upwards to $10,590 - let's see what happens!
Doing what I can to help people trade better. Past performance doesn't guarantee future results. Trade at your own risk. This is not financial advice, it is personal opinion, I'm not a financial adviser. I may have a stake in what I write about.
Doing what I can to help people trade better. Past performance doesn't guarantee future results. Trade at your own risk. This is not financial advice, it is personal opinion, I'm not a financial adviser. I may have a stake in what I write about.
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.