BitcoinUpdated BTC: will the 82H EMA support hold?
Since July 14th Bitcoin (BTCUSD) is gradually crawling up using the 82H EMA as a main support.
Today price has touched this support for the third time and made a small bounce up.
Every previous touch followed by the upward impulse.
This time we also could consider similar price action as a very probable scenario.
Of course breaking this support will invalidate the above scenario.
Keep an eye on this to take a reasonable trade decision.
Today price has touched this support for the third time and made a small bounce up.
Every previous touch followed by the upward impulse.
This time we also could consider similar price action as a very probable scenario.
Of course breaking this support will invalidate the above scenario.
Keep an eye on this to take a reasonable trade decision.
Note
BTC: The 82H EMA support is still holding!Bitcoin (BTCUSD) keeps growing despite the news about Tesla's Bitcoins major sell off.
The short-term scenario of strong 82H EMA support played out perfectly!
If you like this idea - do not hesitate to subscribe the channel in TradingView and Telegram for more useful content!
Good luck!
Good luck in trading!
You can find more useful content and trading cases in
Riskoholics Telegram Channel
t.me/riskoholics
You can find more useful content and trading cases in
Riskoholics Telegram Channel
t.me/riskoholics
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Good luck in trading!
You can find more useful content and trading cases in
Riskoholics Telegram Channel
t.me/riskoholics
You can find more useful content and trading cases in
Riskoholics Telegram Channel
t.me/riskoholics
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.