3 Reasons To Be Bullish On BTC This Week
1. In few hours CME opens with a huge gap to fill
2. We are at the 21 EMA on the daily chart
3. We are above the 53 RSI level
Bonus 4: We are on a pretty strong horizontal price support level
If we do close a daily candle below this level other possible levels we could drop, but maintain bullishness (IMO) are on 9200-8900-8400 level.
If we do break the support at 9750 I see 9200 as minor support and 8900 (200 SMA) as major support level.
Below that I will magically turn into e bear.
2. We are at the 21 EMA on the daily chart
3. We are above the 53 RSI level
Bonus 4: We are on a pretty strong horizontal price support level
If we do close a daily candle below this level other possible levels we could drop, but maintain bullishness (IMO) are on 9200-8900-8400 level.
If we do break the support at 9750 I see 9200 as minor support and 8900 (200 SMA) as major support level.
Below that I will magically turn into e bear.
Note
9550 is also a strong possibility if we play the quick longs liquidation scenario before we go up up up again
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