Hey hey my friends👋
BTC closed daily below 200EMA but i am not worried about that at the moment
Why? We are currently on a support, moving averages usually break and then get reclaimed for fake outs, plus the strong highlighted support structure would be a solid retest of the breakout we had a few weeks ago and we are still above the 21 and 50 on the daily time frame to push price back up on top of the fact we made a higher high and now we need to make a lower low, either here or highlighted area in green
Will keep all updated!
Dont forget to check out the bio below :)
BTC closed daily below 200EMA but i am not worried about that at the moment
Why? We are currently on a support, moving averages usually break and then get reclaimed for fake outs, plus the strong highlighted support structure would be a solid retest of the breakout we had a few weeks ago and we are still above the 21 and 50 on the daily time frame to push price back up on top of the fact we made a higher high and now we need to make a lower low, either here or highlighted area in green
Will keep all updated!
Dont forget to check out the bio below :)
Note
*** A HIGHER LOW *** typo my bad
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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.