Bitcoin has broken out of a strong descending channel on the 12H timeframe and is now aiming at $50,000.
This $50,000 target is supported by a break above EMA100 and EMA50 recently with good volume.
Multiple tools, signals and indicators are aiming at this range between $49,000 and $50,000+ as the next resistance.
$42820 is the short-term support on this setup.
This is not financial advice.
Namaste.
This $50,000 target is supported by a break above EMA100 and EMA50 recently with good volume.
- This resistance level is set halfway thru the real body of the strong bearish candle on 3-Dec. 2021.
- We also have MA200 reaching this exact same level.
- The 0.5 Fib. retracement level for the bullish wave started after July's 2021 low also lands here.
- Finally, this $50k target also coincides with a Fib. extension level.
Multiple tools, signals and indicators are aiming at this range between $49,000 and $50,000+ as the next resistance.
$42820 is the short-term support on this setup.
This is not financial advice.
Namaste.
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd » Join us now! 👉 t.me/lamatrades/4
💥Top Results
t.me/anandatrades/1183
🏆New Results
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🏆New Results
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Related publications
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.