Hello everyone;
Today 27 May 2020,
BTC daily chart is looking good for bears, as BTC still maintaining below the 21EMA. However, the overall long-term trend is still to the upside as BTC trending above the 200SMA Daily.
From the Daily BB, I am expecting a upside move today to test the Mid-line which is coming around 9200 area. BTC already tested the lower standard deviation lines and maintained support.
www.tradingview.com/chart/l7rOaz7h/
Now coming to the lower TFs, the resistance boxes I shared yesterday have held BTC nicely till now. Price is consolidating between the upper box for long time now, which is a positive sign for bulls. Hence for today, I am expecting a break above this box and then move to upside, this also matches with the Daily analysis I mentioned above (for BTC to move near 9200$),
In addition to this box we also have descending trend line coming around the same area for BTC, this also confirms that the break above from this area will most likely give us good upside move.
As price moves, I will share my trade setup in my Discord, but in brief, once you see break to upside then pay attention to re-test of this box/ trend line, this is where I will start a long ladder.
Happy and safe trading…
Chao…
Today 27 May 2020,
BTC daily chart is looking good for bears, as BTC still maintaining below the 21EMA. However, the overall long-term trend is still to the upside as BTC trending above the 200SMA Daily.
From the Daily BB, I am expecting a upside move today to test the Mid-line which is coming around 9200 area. BTC already tested the lower standard deviation lines and maintained support.
www.tradingview.com/chart/l7rOaz7h/
Now coming to the lower TFs, the resistance boxes I shared yesterday have held BTC nicely till now. Price is consolidating between the upper box for long time now, which is a positive sign for bulls. Hence for today, I am expecting a break above this box and then move to upside, this also matches with the Daily analysis I mentioned above (for BTC to move near 9200$),
In addition to this box we also have descending trend line coming around the same area for BTC, this also confirms that the break above from this area will most likely give us good upside move.
As price moves, I will share my trade setup in my Discord, but in brief, once you see break to upside then pay attention to re-test of this box/ trend line, this is where I will start a long ladder.
Happy and safe trading…
Chao…
