alexg212

Bitcoin at important ema resistance zone

COINBASE:BTCUSD   Bitcoin
Bitcoin is still at key resistance zones. The bulls managed to get over the 12EMA daily. Next resistance is 26EMA daily. Bears have had it in control since the strong rejection at $9200. This large bull move from $3800 proves as merely a strong oversold bounce without significant trend change. If consolidation does not hold significant higher low on daily, downside into sub $4000 could be possible. This will also be somewhat dependent on stock futures and how the markets react this coming week. Stay safe, lock in profit along the way.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.