Bitcoin Weekly To $37,245 Based On EMA Analysis (+Tips)
Bitcoin has been dropping ever since an All-Time High was hit in November 2021.
The ATH was set at $69,000 followed by a classic EW ABC Correction.
We have 217 days of bearish action with only a small 63 days relief between late January '22 and March '22.
This strong correction ended in a new low/support being established around 13-June. ($17,568)
We were honored to be around and warn you about the fact that the local bottom has been hit and Bitcoin is ready to grow.
Now that a new support level has been established, Bitcoin needs to revisit support levels turned resistance.
BITCOIN TARGETS
We have first EMA10 around $26,135+.
This level is surely to be tested first and fast.
Second is EMA21 around $31,000 and finally EMA50 at around $37,000.
Notice that EMA50 coincides with my targets in previous analyses.
These targets were extracted using other tools.
When multiple chart signals and indicators point to the same level, it gives it a higher importance.
This is the level to watch for.
Our conservative target (leaving greed behind), is set around $28/29K.
The main target is the one around $34/38K.
I hope you find this information useful.
I hope you recovery and make big money today.
When the market is green it gives...
When it is red it takes away.
We just have to continue learning and improve our trading throughout the waves.
The more we participate in the market, the more experince we gain.
With more experience comes profits...
It is in order to collect profits; to win, we trade.
Namaste.
The ATH was set at $69,000 followed by a classic EW ABC Correction.
We have 217 days of bearish action with only a small 63 days relief between late January '22 and March '22.
This strong correction ended in a new low/support being established around 13-June. ($17,568)
We were honored to be around and warn you about the fact that the local bottom has been hit and Bitcoin is ready to grow.
Now that a new support level has been established, Bitcoin needs to revisit support levels turned resistance.
BITCOIN TARGETS
We have first EMA10 around $26,135+.
This level is surely to be tested first and fast.
Second is EMA21 around $31,000 and finally EMA50 at around $37,000.
Notice that EMA50 coincides with my targets in previous analyses.
These targets were extracted using other tools.
When multiple chart signals and indicators point to the same level, it gives it a higher importance.
This is the level to watch for.
Our conservative target (leaving greed behind), is set around $28/29K.
The main target is the one around $34/38K.
I hope you find this information useful.
I hope you recovery and make big money today.
When the market is green it gives...
When it is red it takes away.
We just have to continue learning and improve our trading throughout the waves.
The more we participate in the market, the more experince we gain.
With more experience comes profits...
It is in order to collect profits; to win, we trade.
Namaste.
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