Never forget about your EMAs…
The 8,13, and 21 EMA are acting as resistance hovering over bitcoin’s price action. Now bitcoin is trying to hold support on the 55 EMA but IMO will not hold for much longer before falling back to the 200 EMA where I believe true support will be found.
This is a bull trap watch out
The 8,13, and 21 EMA are acting as resistance hovering over bitcoin’s price action. Now bitcoin is trying to hold support on the 55 EMA but IMO will not hold for much longer before falling back to the 200 EMA where I believe true support will be found.
This is a bull trap watch out
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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.