☄️ BITCOIN EXITED THE CHANNEL!! ☄️
Hey guys! Hope you guys like the early idea and without further a due let's dive in!
💥I'll keep this short and concise as always so let's do what we can! Bitcoin is finally looking like it's starting to exit the channel however that's a pretty big finally considering this is thanks to that large buy pressure which has kicked in as we approached the descending channel's top as well as that wedge which I already let you guys know of. I told you guys we'd have a big move happen once we approached the end of that wedge thanks to price action and that's what's happened so I'm real happy to see that!
Look below to see that 5 minute chart!
https://www.tradingview.com/x/LmC33cMm/
💥You can see just how Bulls attempted to push BTC out the channel that first run but were shut down by a few large sell orders that bears likely did to bring things back down, however that didn't shut down the Bull's spirits as they really gave it their strength at that 9:00 mark and well you can see the major move that followed which has pulled us out of our descending channel thanks to that EMA.
💥I told you guys those EMA's we're important! And not only that but we're finally at that 200 EMA on the 45 and we've met it! Now that's a real major move undoubtedly and it looks absolutely stunning honestly. I do want you guys to heed one quick note which is to be wary as this is an impulse move and as we've seen well enough already, we can always be pulled down just as hard as we go up and be pulled right back into that descending channel so watch those EMA's for a possible mountain fall as well as if we lose hold of that 200 EMA!
Thank you guys and keep posted, leave a like and follow for more ideas you need when you need them! I appreciate everything and keep well guys!
~ Rock
💥I'll keep this short and concise as always so let's do what we can! Bitcoin is finally looking like it's starting to exit the channel however that's a pretty big finally considering this is thanks to that large buy pressure which has kicked in as we approached the descending channel's top as well as that wedge which I already let you guys know of. I told you guys we'd have a big move happen once we approached the end of that wedge thanks to price action and that's what's happened so I'm real happy to see that!
Look below to see that 5 minute chart!
https://www.tradingview.com/x/LmC33cMm/
💥You can see just how Bulls attempted to push BTC out the channel that first run but were shut down by a few large sell orders that bears likely did to bring things back down, however that didn't shut down the Bull's spirits as they really gave it their strength at that 9:00 mark and well you can see the major move that followed which has pulled us out of our descending channel thanks to that EMA.
💥I told you guys those EMA's we're important! And not only that but we're finally at that 200 EMA on the 45 and we've met it! Now that's a real major move undoubtedly and it looks absolutely stunning honestly. I do want you guys to heed one quick note which is to be wary as this is an impulse move and as we've seen well enough already, we can always be pulled down just as hard as we go up and be pulled right back into that descending channel so watch those EMA's for a possible mountain fall as well as if we lose hold of that 200 EMA!
Thank you guys and keep posted, leave a like and follow for more ideas you need when you need them! I appreciate everything and keep well guys!
~ Rock
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