BTC: will the 82H EMA support hold?
Updated
Since July 14th Bitcoin (BTCUSD) is gradually crawling up using the 82H EMA as a main support.
Today price has touched this support for the third time and made a small bounce up.
Every previous touch followed by the upward impulse.
This time we also could consider similar price action as a very probable scenario.
Of course breaking this support will invalidate the above scenario.
Keep an eye on this to take a reasonable trade decision.
Today price has touched this support for the third time and made a small bounce up.
Every previous touch followed by the upward impulse.
This time we also could consider similar price action as a very probable scenario.
Of course breaking this support will invalidate the above scenario.
Keep an eye on this to take a reasonable trade decision.
Note
BTC: The 82H EMA support is still holding!Bitcoin (BTCUSD) keeps growing despite the news about Tesla's Bitcoins major sell off.
The short-term scenario of strong 82H EMA support played out perfectly!
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