AlanSantana

Bitcoin Daily Challenges EMA10 | Bulls Back Ahead! (w/ Targets)

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
It seems like forever since we last had a bullish wave for Bitcoin , we've been seeing red since Nov. 2021.

Now, things are starting to change!

Today, we can see prices moving above EMA10 daily on a bullish note for the first time since September 2021.

We use EMA10 as the main indicator to gauge a pairs bearish / bullish potential in the short-term.
  • If prices trading above the EMA10 green line, we say that the bulls are on top.
  • If prices are trading below the EMA10 green line, we say that the bears have the upper hand.

We have a Doji on the 10-Jan. signaling that a reversal is likely to show up.
We have a higher low yesterday and today we start the day strong.

Daily candle closure is needed for confirmation; Only when the daily candle closes we know if the session ends up bullish or bearish ... We are aiming up!

We are being conservative but first we go high 40Ks and then 50K+.

What's your bullish target?

Thank you for sharing.
We will be looking at the Altcoins next week or maybe before.

Leave a comment if you want to see Altcoins charts.

Namaste.

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