Bitcoin pumped higher today off of it's lows, finding support @ $9,280. That level is supported by the .764 fib and the 75 day EMA (faint blue line on the MAs). I don't usually show the 75 EMA but it's so obvious here as the halfway point between the 50 and 100 day EMAs that I had to include it.
For the bull rally to continue, price needs to break and stay above the 21 day EMA and the 50 fib.
The bottom indicator is a customized Bollinger Band/Keltner Channel squeeze indicator. This shows price is still bullish although this bull run is definately getting long in the tooth.
For the bull rally to continue, price needs to break and stay above the 21 day EMA and the 50 fib.
The bottom indicator is a customized Bollinger Band/Keltner Channel squeeze indicator. This shows price is still bullish although this bull run is definately getting long in the tooth.
