BTCUSDT is looking good for good moves at the moment.The overall momentum is not so much bullish but immediate short term is still favoring bullish sentiment but we need to seek few confirmations.
First thing that i am looking that we need to close above ema 200 6917 levels(add little lags) to ensure further bullish move here are two possible scenarios.
Case1: Close above EMA-200 and send BTC to test resistance levels at 79xx which also has a back of fib levels at 7933.
Case2 Rejecting from EMA 200 and coming back to 6200-5990 area and bounce back in case of failure we will use next support level(use green lines from the chart).
Tip: Look for a Flip from 7190-7250 with a close above ema-200 if you are extra cautious
I will look for a close ema 200 for entry.
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Trade active
lets see how it goesNote
Could not close above anticipated Resistance level in blue line 7390Note
now lets see how it goes downs. i hope my chart goes valid.
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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.