Will Bitcoin Produce A Higher High, Higher Low or Lower Low?!
Updated
Will Bitcoin (BTCUSD) produce a higher high, higher low or lower low?
The signals right now are pointing to a bounce (short-term) and straight to a higher high... These signals can change with time.
Everything is mapped out on the chart above.
Bitcoin can move higher but if support is broken (blue dashed line) the above signals are invalidated and can move lower.
The open 4H candle is the first confirmation to look for. A close above EMA10 on the current candle would be super bullish.
Another above support is good and keeps this analysis valid.
Thanks a lot for reading.
Remember to hit LIKE.
Thanks a lot for your support.
Namaste.
The signals right now are pointing to a bounce (short-term) and straight to a higher high... These signals can change with time.
Everything is mapped out on the chart above.
Bitcoin can move higher but if support is broken (blue dashed line) the above signals are invalidated and can move lower.
The open 4H candle is the first confirmation to look for. A close above EMA10 on the current candle would be super bullish.
Another above support is good and keeps this analysis valid.
Thanks a lot for reading.
Remember to hit LIKE.
Thanks a lot for your support.
Namaste.
Note
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