We are still getting mixed signals from Bitcoin ( BTCUSD ), lots of uncertainty right now surrounding the cryptocurrency and global markets.
On the chart above, we can notice that the trading volume is really low, making sudden/surprise moves even more probable than before.
Even though Bitcoin is bouncing, trading above EMA10 and slowly creeping up, the market sentiment is extremely bearish, so prices are likely to go up.
Remember that these markets tend to move against the masses or popular believe.
This is not a signal that can be used to trade, but it can help support your bias.
On the chart above, we can notice that the trading volume is really low, making sudden/surprise moves even more probable than before.
Even though Bitcoin is bouncing, trading above EMA10 and slowly creeping up, the market sentiment is extremely bearish, so prices are likely to go up.
Remember that these markets tend to move against the masses or popular believe.
This is not a signal that can be used to trade, but it can help support your bias.
- If Bitcoin manages to conquer EMA50, we can look at the magenta dashed lines as our main targets.
- On a drop and close below EMA10, the orange and blue dashed lines are for support.
Feel free to shit like to show your support.
Namaste.
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💥💥💥 Early 2025 Results (NEW)
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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.
🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.