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Hey guys, some big picture: In order for the bulls to have any hope, we must confirm & hold this wedge on the Daily now, where Bitcoin is right now trying to build a Higher Low.
On the 4H we barely held the last Higher Low at 6322, after ultimately rejecting from EMA 26. Now both EMAs 12 & 26, on the 4H, and even on the Hourly, act as resistance. For the bulls to show any sign of life, we must regain support of those EMAs again.
I made a special video today discussing if $5,000 BTC is a possibility, showing some broader perspective, where we're coming from & where we might be going. ;)
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Hey guys, some big picture: In order for the bulls to have any hope, we must confirm & hold this wedge on the Daily now, where Bitcoin is right now trying to build a Higher Low.
On the 4H we barely held the last Higher Low at 6322, after ultimately rejecting from EMA 26. Now both EMAs 12 & 26, on the 4H, and even on the Hourly, act as resistance. For the bulls to show any sign of life, we must regain support of those EMAs again.
I made a special video today discussing if $5,000 BTC is a possibility, showing some broader perspective, where we're coming from & where we might be going. ;)
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.