BTC-USDT 200MA big role in play.
Hello my friends, Hope you're doing well.
https://www.tradingview.com/x/8nNqUm3s/
We got to the point where BTC is performing amazing. We spotted pretty much everything so far, as I said in yesterday's idea, I was expecting the 200MA moving downward approaching us. Now it's sit at 8630$, I expect us to test it and probably we're going to be rejected as we need more steam to cross one of the biggest key resistance. Many people are expecting BTC to retrace and find support on 7800$, well I don't, we will need a weekly higher low for sure, but for now I think we have enough power and momentum to get above even the 200MA in the coming days.
What about our indicators? Let's see: 1h RSI has already cooled off a bit, same for the 4h. stochastic RSI 1h is down while the daily is still really high but is ok we've seen this many time. So yes we can climb a little bit further but the biggest resistance will be the top of our ichi cloud. At 8732$.
In any case, price action is the king no matter what, so let's see. Just follow the trend and everything is gonna be fine, I think we're aiming higher on the overall situation. maybe 10.000$ Be focus on the ETF because yesterday they started to spread some fud with misleads news.
Thank you Marco I'll keep u updated .
https://www.tradingview.com/x/8nNqUm3s/
We got to the point where BTC is performing amazing. We spotted pretty much everything so far, as I said in yesterday's idea, I was expecting the 200MA moving downward approaching us. Now it's sit at 8630$, I expect us to test it and probably we're going to be rejected as we need more steam to cross one of the biggest key resistance. Many people are expecting BTC to retrace and find support on 7800$, well I don't, we will need a weekly higher low for sure, but for now I think we have enough power and momentum to get above even the 200MA in the coming days.
What about our indicators? Let's see: 1h RSI has already cooled off a bit, same for the 4h. stochastic RSI 1h is down while the daily is still really high but is ok we've seen this many time. So yes we can climb a little bit further but the biggest resistance will be the top of our ichi cloud. At 8732$.
In any case, price action is the king no matter what, so let's see. Just follow the trend and everything is gonna be fine, I think we're aiming higher on the overall situation. maybe 10.000$ Be focus on the ETF because yesterday they started to spread some fud with misleads news.
Thank you Marco I'll keep u updated .
Salve a tutti sono un analista tecnico. Potete trovare i miei video su youtbe sotto il nome di Mind The Chart
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