". There is a possibility of temporary retracement to the suggested support line (32877.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BTCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
#BTC (weekly update)
Hello everyone, welcome to this quick update:-
For the First time Since April 2020, After 8th consecutive Weekly Candle Closed above the 50 WMA now Bitcoin weekly closed Below the WMA50 & Lowest Weekly Close of the Year As well but its bear trapped, btc bounce nicely after the closed and btc again above the 50 WMA which is...
Welcome to this quick update everyone,
In Daily timeframe Chart, Once Again Bitcoin Bulls Are Back in Town, Daily MA50 got Cleared & turned into Support.
At the Moment, Bitcoin bulls are testing the Key Horizontal Resistance 41k, If Daily Candle Closed Above the 40.6k(Daily Resistance), Next Would be 46-48k Resistance Area.
In Worst Case,...
The Bitcoin price is above 0.38 Fib and Resistance 2. Now we can see on the chart that the strong supply zone is next to the current price. There are also two strong levels of resistance: 0.5 Fib ($35000) and 0.61 Fib ($36500). While the price is below it I'm still bearish on Bitcoin. Now it is nice opportunity to execute a short trade with the stop-loss above the...