Bitcoin (BTCUSD) 1H | Quick Update
Updated
I just shared the 2H timeframe chart for BTCUSD... Here is a quick update.
We now have a second rejection at resistance and/or the EMA100 blue line.
The trading volume is really low so anything can happen here...
As for the chart signals and technicals, prices are aiming lower and can easily pick up momentum.
Conditions for change
Same as with my previous analysis, prices would need to go above EMA200/MA200 for our view to switch from bearish to bullish short-term.
Previous chart from earlier today:
Thanks a lot for your continued support.
Namaste.
We now have a second rejection at resistance and/or the EMA100 blue line.
The trading volume is really low so anything can happen here...
As for the chart signals and technicals, prices are aiming lower and can easily pick up momentum.
Conditions for change
Same as with my previous analysis, prices would need to go above EMA200/MA200 for our view to switch from bearish to bullish short-term.
Previous chart from earlier today:
Thanks a lot for your continued support.
Namaste.
Note
There is still lots of resistance left but Bitcoin is trying to move up...I will share a new short-term update soon and hopefully with a bullish view/bias/signals...
Note
I will only share a new short-term update if prices move above $9250.
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