Bitcoin (BTCUSD) is now aiming to hit around $27000 in the coming days... That's ok but why do I say this?
Recently, Bitcoin's price peak at $42000 on 8-Jan., after four days of retrace we started to see a bounce... This bounce looked beautiful but not anymore.
This whole picture ended with a lower high, which means that lower we go.
The RSI is trending lower...
When we see a bounce like we are seeing now, we have to be wary of bull traps and dead cat bounce, but this doesn't seem to be the case.
Bitcoin is now gaining momentum and now aiming to reach the last high at $42,000 and probably much higher.
Prices retraced and found support at the EMA100 blue line and now the bullish bias is back on.
Resistance is being...
keep the levels in mind
conditions to take trade
1 one hour candle should close above / below the price line
2 volume supported break out / down
3 wait for retest
Lovely... This is exactly what I was looking for...
A bullish Bitcoin! 😁
We use EMA10 as our main indicator to gauge bearish/bullish potential...
When prices move below this indicator, which is marked here with a green line, we switch our potential to bearish.
When prices go above it, we say that the bulls are getting the upper hand.
The retrace for...
The peak price on Bitcoins epic bullish run is now set at $42,000...
What a ride...
So much growth, so much excitement, and fun.
But Bitcoin is now crashing, the correction is here...
What to do? Where to go?
Whatever you do really depends on your own trading plan, your strategies, your goals...
But the real question should be...
How far low is Bitcoin...
