BTC continuation - reaches previous resistance
Hey guys, hope you had a great weekend! ;)
Grandpa BTC managed to follow through on the Daily/4H consolidation since the big spike last Tuesday: We're right now at the important previous resistance zone at 7.800!
On the weekly we see some nice follow through, at 12 EMA resistance right now.
On the 4H we've perfectly uphold 12 & 26 EMA as support during the whole consolidation, and have formed 2 inside bars, which will see some break in the coming hours/days.
Note that there is a high possbility we're running due to the ETF news. If grandpa manages to break 7.800, this will be a huge signal paving the way for 8k first as psychological resistance, 8.600 afterwards. But I really think we should pause here little bit so the bulls get definitive follow through. Otherwise we've come so far already that we can correct more without problem.
Like & follow me in order to not miss my daily Crypto Analyses! I wish you a wonderful week! :)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Grandpa BTC managed to follow through on the Daily/4H consolidation since the big spike last Tuesday: We're right now at the important previous resistance zone at 7.800!
On the weekly we see some nice follow through, at 12 EMA resistance right now.
On the 4H we've perfectly uphold 12 & 26 EMA as support during the whole consolidation, and have formed 2 inside bars, which will see some break in the coming hours/days.
Note that there is a high possbility we're running due to the ETF news. If grandpa manages to break 7.800, this will be a huge signal paving the way for 8k first as psychological resistance, 8.600 afterwards. But I really think we should pause here little bit so the bulls get definitive follow through. Otherwise we've come so far already that we can correct more without problem.
Like & follow me in order to not miss my daily Crypto Analyses! I wish you a wonderful week! :)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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