ShayanFiroozi

ShayanFiroozi Updated 

Today the BTCUSDT make a very dangerous shadows on EMA 200 on the Daily timeframe. EMA 200 is one of the most important trend line indicator in the technical analysis. For most traders and technical analysts the EMA 200 is a strong Support/Resistant line and indicates the long term trend line.

ShayanFiroozi Updated 

Here some simple analysis for the BTCUSDT long/short opportunities , what is your opinion ?

ShayanFiroozi Updated 

After Breaking down the EMA 50 a few days ago , now the Bitcoin starts to breaking down the EMA 100 In my opinion the major next Support is EMA 200 which one of the most popular and also most important EMA line.

ShayanFiroozi

The Bitcoin daily chart showing potential to close below the EMA 50 which is one of the most important supports. This never happed before since at least 190 day ago and could be a sign of mid-term bearish trend. I personally will close all my positions after closing below the EMA 50 + 1 day for confirmation.

ShayanFiroozi

The Bitcoin showing the first time possible Higher Low in the Daily time frame. Also failed to break the 60K resistance 5 times ! Technically after a long Bullish trend it could be a sign of Bearish regulation . Fundamentals : Although of supporting and accepting by the big guys ! ( Elon Musk , JP Morgan Chase ) , but the price may need a short...