Bitcoin screams bullishness - 1 more stop to go
Hey there,
So there is stilll one more target to go.
As I already said in my latest post, the 200Day EMA is one of the last major stops and resistances
which bitcoin has to break to finally confirm a trendchange on broader timeframes.
Sitting now at 8900 USD, the 200Day EMA acted as resistance multiple times in the past and
seems to be of high significance when it comes to trendchanges.
Another retest and breakdown off the 200 EMA would be a warning sign.
Luckily not only does to imminent closeness of the price to the 200 EMA signal bullishness,
also many other indicators tell us to be long.
The weekly TI /TD indicator ToneVays still tells us to be long and keep sitting in postions from
the green 2 above a green 1. We now further have a green 4 barely reaching above a green 3,
which continues the bullish count and its anticipated outlook on price.
The further we consolidate below the 200EMA and the recent high of 9200, the more we tend to break that level.c
-->Line of least resistance; Look it up on my YoutTube channel if you want to know more.
If all these levels get taken out by breaking to the upside, we will look at 10000 USD and the last swing high on
the daily and weekly chart.
There is still much more to say, so if you are curious, check out my YouTube channel: Enlightened Trading
See back next time,
Cheers
Konrad
So there is stilll one more target to go.
As I already said in my latest post, the 200Day EMA is one of the last major stops and resistances
which bitcoin has to break to finally confirm a trendchange on broader timeframes.
Sitting now at 8900 USD, the 200Day EMA acted as resistance multiple times in the past and
seems to be of high significance when it comes to trendchanges.
Another retest and breakdown off the 200 EMA would be a warning sign.
Luckily not only does to imminent closeness of the price to the 200 EMA signal bullishness,
also many other indicators tell us to be long.
The weekly TI /TD indicator ToneVays still tells us to be long and keep sitting in postions from
the green 2 above a green 1. We now further have a green 4 barely reaching above a green 3,
which continues the bullish count and its anticipated outlook on price.
The further we consolidate below the 200EMA and the recent high of 9200, the more we tend to break that level.c
-->Line of least resistance; Look it up on my YoutTube channel if you want to know more.
If all these levels get taken out by breaking to the upside, we will look at 10000 USD and the last swing high on
the daily and weekly chart.
There is still much more to say, so if you are curious, check out my YouTube channel: Enlightened Trading
See back next time,
Cheers
Konrad
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