EMA RIBBEN / WILL BITCOIN HAVE THIS TIME A SUSTAINED BREAKOUT?
During the bearmarket bitcoin tried three times to breakout the EMA ribben but failed miserably. A 4th breakout happened today but will it stay this time above the ribben?
If the price of bitcoin stays above the ribben for several weeks then we can safely say we are in a bull market. However this scenario, without testing the bottom for a second time, is very unlikely!
I am short midterm.
If the price of bitcoin stays above the ribben for several weeks then we can safely say we are in a bull market. However this scenario, without testing the bottom for a second time, is very unlikely!
I am short midterm.
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