Bitcoin Aims At EMA100 ($13000) Short-Term Analysis
Updated
Here we are looking at the 4H timeframe as promised, this chart moves faster than the daily and we can have a closer look as to what is really happening right now.
Now, with a lower high on the $14100 resistance and uncertainty now approaching the market, a drop can happen anytime but... Be prepared because Bitcoin likes to surprise...
Sudden moves can happen anytime... What's your take?
Here is the daily chart for a more detailed analysis:
Namaste.
- We have a move and close below EMA10 and EMA21 on this timeframe.
- The RSI hit below 50, which is the bearish zone just to move back up...
- Prices remain trading above EMA50 which is a bullish signal. If this level breaks we are going for $13,000 for sure or EMA100.
- The MACD looks weak/mixed signals but technically still in the bullish zone.
Now, with a lower high on the $14100 resistance and uncertainty now approaching the market, a drop can happen anytime but... Be prepared because Bitcoin likes to surprise...
Sudden moves can happen anytime... What's your take?
Here is the daily chart for a more detailed analysis:
Namaste.
Note
The $14,100 resistance level is being challenged now...Very interesting how things are looking.
All positive cryptocurrency (Bitcoin & Altcoins).
Patience is key now.
Namaste.
Note
Note
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