This Is All The Correction We Will Have Short-Term | Bitcoin

Notice the long lower shadow/wick on the current BTCUSD 4H candle... This is all the correction you will get.

Prices fell for Bitcoin (BTCUSD) on the 4H timeframe and tested EMA21 and EMA10 as support.
So far both levels hold.

The current candle closes in less than 1 hour and a close above $64400 is EXTREMELY BULLISH, it can signal straight up.

On the other hand, if prices drop and close below EMA10 and/or EMA21, we are very likely to see lower prices.

Since we have increasing volume, a recent bullish breakout, and a very strong RSI, we take this as a real move...
We can expect higher prices.

What's your take?

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Namaste.

Commentaire:

EMA21 still holding as support.
We are bullish above these two, EMA10/21.
We go bearish below on this timeframe.

We are looking at the 4H.
We are bullish now above it.

Commentaire:

It still looks good...