Bitcoin (XBTUSD) Moving Aries | $8.6 -$9k | Short-Term Full Moon
On the chart above, take a look at the ... This trendline worked as a strong resistance pushing Bitcoins price down multiple times.
After it was broken, Bitcoin challenged the next resistance and came back down to retest the trendline... The trendline held successfully and Bitcoin is now showing signals that it wants to go up...
Here are the signals coming from this chart
- The is showing a crossover as well as moving on the side.
- The is really strong at 60+.
- Trading above EMA10/50/100/200 is really .
- Bull/Green growing on a Sunday/Weekend/ (people are out in the streets on ).
This is a setup right here... But protection is needed.
The charts are always changing and this is a 1H chart. So in just a few hours, this whole setup can change drastically, for this reason, we prepare for any and all outcomes.
A break below support in the form of EMAs (EMA10 to 200), would increase the potential and invalidate this setup.
A full candle closes below $8150 can be used as a stop-loss... Remember, this is not financial advice.
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This is Alan Masters.
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