We will first look at the daily and then short-term on the 4H and 1H timeframes... Let's get started.
Bitcoin ( BTCUSD ) recently moved above EMA10 and EMA50, which lead me to quickly adapt and share an article mentioning this as a signal and new potential for growth... (shared in the related articles)
I received a lot of flack for this but the charts are always changing and if you trade or read charts, this is something that you should know.
As the chart changes, we also change with the charts.
Now, we have prices growing and we see prices trading above all EMAs.
We also have a breakout... The trading is still relatively low but higher than in the past few days.
The above-average is always a good and strong indicator.
The is moving above the zero line and starting to look strong.
The is sitting at 59.7 and support this move as a real one.
Thanks a lot for reading... We go for the short-term chart next.
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