BITCOIN (#BTC): BTC vs EMA50 0:3
Updated
EMA50 is strong opponent! SCORE is EMA50 3:0 BTC :-) New buying opportunities below 8K coming soon.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
Note
As I wrotte about it yesterday we saw that a huge breakdown occured from the bearish flag. Price dropped down to $8165.
Also BTC is back below Fib 61,8% Retr. Another resistance on the way up.
BTC now indicates that the price will continue to decline to $8000. Where is the first possible rebound expected.
Also EMA200 and EMA50 confirm further downward trend.
However, an interesting view is on Ichi, the red and green lines. Here is a possible TK-Cross, a potential bullish signal and it could open the way to price around $8400 - $8800.
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.